Abercrombie & Fitch Reports February Sales Results
March 04 2004 - 8:00AM
PR Newswire (US)
Abercrombie & Fitch Reports February Sales Results NEW ALBANY,
Ohio, March 4 /PRNewswire-FirstCall/ -- Abercrombie & Fitch
today reported net sales of $120.6 million for the four-week period
ended February 28, 2004, a 21% increase over last year's February
sales of $100.0 million. February comparable store sales increased
1% compared with the four-week period ended March 1, 2003. The
Company said that based on February's results, it is comfortable
with the first quarter EPS consensus estimates, which have recently
increased to $0.27 per diluted share. Abercrombie & Fitch
operated a total of 703 stores at the end of February, including
171 abercrombie stores and 175 Hollister Co. stores. The Company
operates e-commerce websites at http://www.abercrombie.com/ ,
http://www.abercrombiekids.com/, and http://www.hollisterco.com/ .
To hear Abercrombie & Fitch's prerecorded February sales
message, please dial (800) 395-0662, or internationally dial (402)
220-1262. 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
Release, the Company's Form 10-K or made by managementof 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, among others, in some cases have affected and in the
future could affect the Company's financial performance and could
cause actual results for 2004 and beyond to differ materially from
those expressed or implied in any of the forward-looking statements
included in this Release, the Company's Form 10-K or otherwise made
by management: 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; postal rate increasesand changes; paper and printing
costs; market price 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; and ability to hire,
train and retain associates. 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 herein 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. 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. DATASOURCE: Abercrombie &
Fitch CONTACT: Thomas D. Lennox, Director, Investor Relations and
Corporate Communications of Abercrombie & Fitch,
+1-614-283-6751 Web site: http://www.abercrombie.com/
http://www.abercrombiekids.com/ http://www.hollisterco.com/
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