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NEW ALBANY, Ohio, Oct 05, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Abercrombie & Fitch (NYSE: ANF) today reported net sales of $295.3 million for the five-week period ended September 30, 2006, a 29% increase over last year's September net sales of $228.3 million. September comparable store sales increased 10% compared to the five-week period ended October 1, 2005.
Year-to-date, the Company reported a net sales increase of 20% to $1.963 billion from $1.634 billion last year. Comparable store sales increased 5% for the year-to-date period.
September 2006 Developments
- Total Company net sales increased 29%
- Total Company comparable store sales increased 10%
- Abercrombie & Fitch comparable store sales increased 4%
- abercrombie comparable store sales increased 17%
- Hollister Co. comparable store sales increased 15%
- RUEHL comparable store sales increased 21%
Second Half and 2006 Fiscal Year Outlook
In August, the Company gave guidance for the second-half of fiscal 2006 of net income per share on a fully-diluted basis to be in the range of $3.15 to $3.20, including a charge of approximately $0.02 attributable to FAS 123(R). The Company now expects its fully-diluted net income per share for the second half of 2006 to be in the range of $3.25 to $3.30, including a charge of approximately $0.02 attributable to FAS 123(R). Based upon this guidance, the Company now expects its fully-diluted net income per share for the year to be in the range of $4.59 to $4.64, including approximately $0.10 attributable to FAS 123(R).
The Company operated 356 Abercrombie & Fitch stores, 167 abercrombie stores, 364 Hollister Co. stores and ten RUEHL stores at the end of fiscal September. 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 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 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 1A. RISK FACTORS" of A&F's Annual Report on Form 10-K for the fiscal year ended January 28, 2006, in some cases have affected and in the future could affect the Company's financial performance and could cause actual results for the 2006 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
Thomas D. Lennox, Vice President, Corporate Communications of Abercrombie & Fitch, +1-614-283-6751
http://www.abercrombie.com