NEW ALBANY, Ohio, May 6 /PRNewswire-FirstCall/ -- Abercrombie &
Fitch (NYSE: ANF) today reported net sales of $214.3 million for the four-week period ended
May 1, 2010, an 8% increase from net
sales of $199.1 million for the
four-week period ended May 2, 2009.
April comparable store sales decreased 7%. For the
fiscal month, total Company direct-to-consumer net merchandise
sales increased 50% to $23.1 million.
For the fiscal month, total Company international net sales,
including direct-to-consumer net sales, increased 94% to
$40.0 million.
For the fiscal quarter ended May 1,
2010, the Company reported net sales of $687.8 million, a 14% increase from net sales of
$601.7 million last year.
Comparable store sales increased 1% for the quarter. For the
quarter, total Company direct-to-consumer net merchandise sales
increased 42% to $68.8 million.
For the quarter, total Company international net sales,
including direct-to-consumer net sales, increased 102% to
$119.0 million.
Additional information regarding sales for fiscal April can be
found in a pre-recorded message accessible by dialing (800)
395-0662, or, internationally, by dialing (402) 220-1262.
April 2010 Highlights
- Total Company net sales, including direct-to-consumer net
sales, increased 8%
- Total Company domestic net sales, including direct-to-consumer
net sales, decreased 2%
- Total Company international net sales, including
direct-to-consumer net sales, increased 94%
- Total Company comparable store sales decreased 7%
- Total Company direct-to-consumer net merchandise sales
increased 50%
- Abercrombie & Fitch comparable store sales decreased
7%
- abercrombie kids comparable store sales decreased 5%
- Hollister Co. comparable store sales decreased 7%
Other Developments
The Company will release its first quarter results on
Tuesday, May 18, 2010 prior to the
opening of the market and hold a conference call at 8:30 AM Eastern Time. To listen to the
conference call, dial (888) 801-6504 and ask for the Abercrombie
& Fitch Quarterly Call or go to www.abercrombie.com. The
international call-in number is (913) 981-5518. This call will be
recorded and made available by dialing the replay number (888)
203-1112 or the international number (719) 457-0820 followed by the
conference ID number 1393409 or through www.abercrombie.com.
At month end, the Company operated a total of 1,100 stores.
The Company operated 341 Abercrombie & Fitch stores, 205
abercrombie kids stores, 507 Hollister Co. stores and 16 Gilly
Hicks stores in the United States.
The Company also operated six Abercrombie & Fitch stores,
four abercrombie kids stores and 21 Hollister Co. stores
internationally. The Company also operates e-commerce websites at
www.abercrombie.com, www.abercrombiekids.com, www.hollisterco.com
and www.gillyhicks.com.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995
A&F cautions that any forward-looking statements (as such
term is defined in the Private Securities Litigation Reform Act of
1995) contained in this Press Release or made by management of
A&F involve risks and uncertainties and are subject to change
based on various important factors, many of which may be beyond the
Company's control. Words such as "estimate," "project," "plan,"
"believe," "expect," "anticipate," "intend," and similar
expressions may identify forward-looking statements. The
following factors, in addition to those included in the disclosure
under the heading " FORWARD-LOOKING STATEMENTS AND RISK FACTORS" in
"ITEM 1A. RISK FACTORS" of A&F's Annual Report on Form 10-K for
the fiscal year ended January 31,
2010, in some cases have affected and in the future could
affect the Company's financial performance and could cause actual
results for the 2010 fiscal year and beyond to differ materially
from those expressed or implied in any of the forward-looking
statements included in this Press Release or otherwise made by
management: current general and financial economic conditions;
changes in consumer spending patterns and consumer preferences; the
effects of political and economic events and conditions
domestically and in foreign jurisdictions in which the Company
operates, including, but not limited to, acts of terrorism or war;
the impact of competition and pricing; changes in weather patterns;
availability and market prices of key raw materials; ability to
source product from its global supplier base; political stability;
currency and exchange risks and changes in existing or potential
duties, tariffs or quotas; availability of suitable store locations
at appropriate terms; ability to develop new merchandise; ability
to hire, train and retain associates; and the outcome of pending
litigation or other adversarial proceedings. Future economic and
industry trends that could potentially impact revenue and
profitability are difficult to predict. Therefore, there can
be no assurance that the forward-looking statements included in
this Press Release will prove to be accurate. In light of the
significant uncertainties in the forward-looking statements
included herein, the inclusion of such information should not be
regarded as a representation by the Company, or any other person,
that the objectives of the Company will be achieved. The
forward-looking statements herein are based on information
presently available to the management of the Company. Except
as may be required by applicable law, the Company assumes no
obligation to publicly update or revise its forward-looking
statements even if experience or future changes make it clear that
any projected results expressed or implied therein will not be
realized.
SOURCE Abercrombie & Fitch