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Net Sales Increase 46%;
Comparable Store Sales Increase 33%;
Company Opens Two Abercrombie & Fitch Stores and Three Hollister Co. Stores in
Canada
NEW ALBANY, Ohio, Feb. 2 /PRNewswire-FirstCall/ -- Abercrombie & Fitch (NYSE: ANF) today reported net sales of $184.3 million for the four-week period ended January 28, 2006, a 46% increase over last year's January net sales of $126.1 million. January comparable store sales increased 33% compared to the four-week period ended January 29, 2005.
Year-to-date, the Company reported a net sales increase of 38% to $2.785 billion from $2.021 billion last year. Comparable store sales increased 26% for the year-to-date period.
January 2006 Highlights
During January, the Company opened five locations in Canada consisting of two Abercrombie & Fitch stores and three Hollister Co. stores.
The Company operated 361 Abercrombie & Fitch stores, 164 abercrombie stores, 318 Hollister Co. stores and 8 RUEHL stores at the end of January. The Company operates e-commerce websites at http://www.abercrombie.com, http://www.abercrombiekids.com, and http://www.hollisterco.com.
To hear the Abercrombie & Fitch pre-recorded January sales message, please dial (800) 395-0662, or internationally, dial (402) 220-1262.
The Company will release its results for the fourth quarter and fiscal year on Tuesday, February 14, 2006 after the close of the market and hold its conference call at 4:30 PM Eastern Time. To listen to the conference call, dial (800) 811-0667 and ask for the Abercrombie & Fitch Quarterly Call or go to http://www.abercrombie.com. The international call-in number is (913) 981-4901. This call will be recorded and made available by dialing the replay number (888) 203-1112 or the international number (719) 457-0820, followed by the conference ID number 3097441 or through http://www.abercrombie.com.
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 Press Release 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 "FORWARD-LOOKING STATEMENTS AND RISK FACTORS" in "ITEM 1. BUSINESS" of A&F's Annual Report on Form 10-K for the fiscal year ended January 29, 2005, in some cases have affected and in the future could affect the Company's financial performance and could cause actual results for the 2005 fiscal year and beyond to differ materially from those expressed or implied in any of the forward-looking statements included in this Press 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; ability to hire, train and retain associates; and the outcome of pending litigation. 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 Press 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.
SOURCE Abercrombie & Fitch
CONTACT: Thomas D. Lennox, Vice President, Corporate Communications of
Abercrombie & Fitch, +1-614-283-6751