Abercrombie & Fitch to Announce Third Quarter 2010 Earnings Results November 16, 2010 at 8:30 AM EST
November 15 2010 - 10:47AM
Marketwired
Abercrombie & Fitch Co. (NYSE: ANF) will be holding its
quarterly earnings conference call for all interested parties on
November 16th, 2010, at 8:30 a.m. EST. The earnings press release
is scheduled to cross the wire shortly after 7:00 a.m. EST.
What: Abercrombie & Fitch Third Quarter Fiscal 2010 Earnings
Call
When: 8:30 a.m. EST Tuesday, November 16th, 2010
Where: http://www.abercrombie.com
How: Live over the internet: Log on to the web at the above
address, select the Investors page and click on Calendar of Events;
or call:
Domestic Dial-In Number: 1-800-289-0468, ask for the Abercrombie
& Fitch quarterly call. Domestic Replay Number: 1-888-203-1112,
conference ID number 4069400
International Dial-In Number: 1-913-312-9321 International
Replay Number: 1-719-457-0820, conference ID number 4069400
The call will be archived and can be accessed for two weeks
following the reporting date by calling either of the replay
numbers listed above; or for 12 months by visiting the Company's
website www.abercrombie.com.
At fiscal month end, the Company operated a total of 1,106
stores. The Company operated 340 Abercrombie & Fitch stores,
201 abercrombie kids stores, 510 Hollister Co. stores and 17 Gilly
Hicks stores in the United States. The Company also operated seven
Abercrombie & Fitch stores, four abercrombie kids stores and 27
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 economic and financial
conditions could have a material adverse effect on the Company's
business, results of operations and liquidity; loss of the services
of skilled senior executive officers could have a material adverse
effect on the Company's business; ability to hire, train and retain
qualified associates could have a material adverse effect on the
Company's business; equity-based compensation awarded under the
employment agreement with the Company's Chief Executive Officer
could adversely impact the Company's cash flows, financial position
or results of operations and could have a dilutive effect on the
Company's outstanding Common Stock; failure to anticipate, identify
and respond to changing consumer preferences and fashion trends in
a timely manner could cause the Company's profitability to decline;
unseasonable weather conditions affecting consumer preferences
could have a material adverse effect on the Company's business;
disruptive weather conditions affecting the consumers' ability to
shop could have a material adverse effect on the Company's
business; the Company's market share may be adversely impacted at
any time by a significant number of competitors; the Company's
international expansion plan is dependent on many factors, any of
which could delay or prevent successful penetration into new
markets and strain its resources; the Company's growth strategy
relies on the addition of new stores, which may strain the
Company's resources and adversely impact current store performance;
the Company may incur costs related to store closures; availability
and market prices of key raw materials and labor costs could have a
material adverse effect on the Company's business and results of
operations; the interruption of the flow of merchandise from key
vendors and international manufacturers could disrupt the Company's
supply chain; the Company does not own or operate any manufacturing
facilities and therefore depends upon independent third parties for
the manufacture of all its merchandise; the Company's reliance on
two distribution centers domestically located in the same vicinity,
and one distribution center internationally, makes it susceptible
to disruptions or adverse conditions affecting its distribution
centers; the Company's reliance on third parties to deliver
merchandise from its distribution centers to its stores and
direct-to-consumer customers could result in disruptions to its
business; the Company's development of new brand concepts could
have a material adverse effect on the Company's financial condition
or results of operations; fluctuations in foreign currency exchange
rates could adversely impact financial results; the Company's net
sales and inventory levels fluctuate on a seasonal basis, causing
its results of operations to be particularly susceptible to changes
to back-to-school and holiday shopping patterns; the Company's
ability to attract customers to its stores depends heavily on the
success of the shopping centers in which they are located;
comparable store sales will continue to fluctuate on a regular
basis; the Company's net sales are affected by direct-to-consumer
sales; the Company may be exposed to risks and costs associated
with credit card fraud and identity theft; the Company's litigation
exposure could exceed expectations, having a material adverse
effect on the Company's financial condition or results of
operations; the Company's failure to adequately protect its
trademarks could have a negative impact on its brand image and
limit its ability to penetrate new markets; the Company's unsecured
credit agreement includes financial and other covenants that impose
restrictions on its financial and business operations; changes in
taxation requirements could adversely impact financial results; the
Company's inability to obtain commercial insurance at acceptable
prices or failure to adequately reserve for self-insured exposures
might increase expense and adversely impact financial results;
modifications and/or upgrades to information technology systems may
disrupt operations; the Company could suffer if the Company's
computer systems are disrupted or cease to operate effectively;
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
could have a material adverse effect on the Company's business;
potential disruption of the Company's business due to the
occurrence of, or fear of, a health pandemic could have a material
adverse effect on the Company's business; changes in the regulatory
or compliance landscape could adversely affect the Company's
business or results of operations; and the Company's operations may
be effected by greenhouse emissions and climate change.
For further information, call: Eric Cerny (614) 283-6385
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