Abercrombie & Fitch Reports August Sales Results
September 02 2004 - 8:59AM
PR Newswire (US)
Abercrombie & Fitch Reports August Sales Results NEW ALBANY,
Ohio, Sept. 2 /PRNewswire-FirstCall/ -- Abercrombie & Fitch
(NYSE:ANF) today reported net sales of $212.1 million for the
four-week period ended August 28, 2004, an 11% increase over last
year's August sales of $190.4 million. August comparable store
sales decreased 5% compared with the four-week period ended August
30, 2003. Year-to-date, the Company reported a net sales increase
of 15% to $1.025 billion from $892.8 million last year. Comparable
store sales declined 3% for the year-to-date period. Abercrombie
& Fitch operated a total of 735 stores at the end of August,
including 173 abercrombie stores and 202 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 August 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 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 "RISK FACTORS" in "ITEM 1. BUSINESS" of A&F's Annual
Report on Form 10-K for the fiscal year ended January 31, 2004, in
some cases have affected and in the future could affect the
Company's financial performance and could cause actual results for
the 2004 fiscal year and beyond to differ materially from those
expressed or implied in any of the forward-looking statements
included in this release 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 increases and
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 in this 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.
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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