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NEW ALBANY, Ohio, May 10 /PRNewswire/ -- Abercrombie & Fitch (NYSE: ANF) today reported net sales of $81.0 million for the four-week period ended May 5, 2001, a 23% increase over last year's net sales for April of $65.7 million. Comparable store sales increased 6% for the four-week period compared with last year's comparable four-week period ending May 6, 2000.
Year-to-date, the Company reported a net sales increase of 29% to $263.7 million from $205 million last year. Comparable stores sales increased 2% for the year-to-date period. Based on April performance, the Company now expects first quarter EPS to exceed the First Call consensus estimate of $.16 per diluted share.
A lifestyle brand, Abercrombie & Fitch operated a total of 355 stores at the end of fiscal April, including 85 abercrombie stores and five Hollister Co. stores. The Company also operates an adult e-commerce website at www.abercrombie.com , a kids' e-commerce website at www.abercrombiekids.com and publishes the A&F Quarterly.
To hear Abercrombie & Fitch's prerecorded April sales message, please dial (800) 642-1687, followed by the conference identification number 135570.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995:
The Company 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 the Company involve risks and uncertainties, and are subject to change based on various important factors. The following factors, among others, in some cases have affected and in the future could affect the Company's financial performance and actual results and could cause actual results to differ materially from those expressed or implied in any such forward-looking statements: change in consumer spending patterns, consumer preferences and overall economic conditions, the impact of competition and pricing, changes in weather patterns, political stability, currency and exchange risks and changes in existing or potential duties, tariffs or quotas, postal rate increases and charges, paper and printing costs, availability of suitable store locations at appropriate terms, ability to develop new merchandise and ability to hire and train associates.
SOURCE Abercrombie & Fitch
CONTACT: Tom Lennox, Manager of Investor Relations and Corporate Communications of Abercrombie & Fitch, 614-283-6751/