Abercrombie & Fitch Reports September Sales Results
October 07 2004 - 8:59AM
PR Newswire (US)
Abercrombie & Fitch Reports September Sales Results NEW ALBANY,
Ohio, Oct. 7 /PRNewswire-FirstCall/ -- Abercrombie & Fitch
(NYSE:ANF) today reported net sales of $174.7 million for the
five-week period ended October 2, 2004, a 17% increase over last
year's September sales of $149.6 million. September comparable
store sales increased 2% compared with the five-week period ended
October 4, 2003. Year-to-date, the Company reported a net sales
increase of 15% to $1,200 million from $1,042 million last year.
Comparable store sales declined 2% for the year-to-date period. The
Company operated 360 Abercrombie & Fitch stores, 173
abercrombie stores, 213 Hollister Co. stores and 3 Ruehl stores at
the end of September. 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 September 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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