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NEW ALBANY, Ohio, Jan. 9 /PRNewswire-FirstCall/ -- Abercrombie & Fitch (NYSE: ANF) today reported net sales of $296.0 million for the five-week period ended January 4, 2003, a 19% increase over last year's December sales of $249.6 million. December comparable store sales were flat to last year.
Year-to-date, the Company reported a net sales increase of 17% to $1.516 billion from $1.301 billion last year. Comparable store sales decreased (5)% for the year-to-date period.
The Company said that based on December sales results it now expects to report EPS in the range of $0.86 to $0.88 per diluted share for the fiscal fourth quarter. The Company's previous guidance was $0.79 per diluted share.
A lifestyle brand, Abercrombie & Fitch operated a total of 593 stores at the end of fiscal December, including 166 abercrombie stores and 88 Hollister Co. stores. The Company also operates an 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 December sales message, please dial (800) 642-1687, followed by the conference identification number 2426029.
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: Thomas D. Lennox, Senior Manager, Investor Relations and Corporate Communications of Abercrombie & Fitch, +1-614-283-6751/
/Web site: http://www.abercrombie.com