NEW ALBANY, Ohio, June 3 /PRNewswire-FirstCall/ -- Abercrombie
& Fitch (NYSE: ANF) today reported net sales of $197.6 million for the four-week period ended
May 29, 2010, a 10% increase from net
sales of $179.0 million for the
four-week period ended May 30, 2009.
May comparable store sales decreased 3%. For the fiscal
month, total Company direct-to-consumer net merchandise sales
increased 34% to $19.2 million.
For the fiscal month, total Company international net sales,
including direct-to-consumer net sales, increased 84% to
$36.9 million.
Year-to-date, the Company reported net sales of $885.4 million, a 13% increase from net sales of
$780.7 million last year.
Comparable store sales increased 1% for the year-to-date
period. Year- to-date, total Company direct-to-consumer net
merchandise sales increased 40% to $88.0
million. Year-to-date, total Company international net
sales, including direct-to-consumer net sales, increased 98% to
$155.9 million.
Additional information regarding sales for fiscal May can be
found in a pre-recorded message accessible by dialing (800)
395-0662, or, internationally, by dialing (402) 220-1262.
May 2010 Highlights
- Total Company net sales, including direct-to-consumer net
sales, increased 10%
- Total Company domestic net sales, including direct-to-consumer
net sales, increased 1%
- Total Company international net sales, including
direct-to-consumer net sales, increased 84%
- Total Company comparable store sales decreased 3%
- Total Company direct-to-consumer net merchandise sales
increased 34%
- Abercrombie & Fitch comparable store sales increased
2%
- abercrombie kids comparable store sales decreased 10%
- Hollister Co. comparable store sales decreased 6%
At fiscal 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 30,
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: 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; effects of greenhouse
emissions and climate change; 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;
effects from the potential loss of services of skilled senior
executive officers or inadequate succession planning for key
positions; effects of equity-based compensation awarded under the
Employment Agreement with the Company's Chief Executive Officer;
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