Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - ABERCROMBIE & FITCH CO /DE/ | c96429e8vk.htm |
| EX-99.3 - EXHIBIT 99.3 - ABERCROMBIE & FITCH CO /DE/ | c96429exv99w3.htm |
| EX-99.1 - EXHIBIT 99.1 - ABERCROMBIE & FITCH CO /DE/ | c96429exv99w1.htm |
Exhibit 99.2
Abercrombie & Fitch Co.
Quarterly Financial Information
(Unaudited)
(in thousands, except per share data and store data)
Quarterly Financial Information
(Unaudited)
(in thousands, except per share data and store data)
| Fiscal Years Ended | Fiscal Year 2008 | Fiscal Year 2009 | ||||||||||||||||||||||||||||||||||||||||||||||||||
| 2005 | 2006 | 2007 | Q1 | Q2 | Q3 | Q4 | YTD | Q1 | Q2 | Q3 | Q4 | YTD | ||||||||||||||||||||||||||||||||||||||||
Net Sales |
$ | 2,768,164 | $ | 3,284,176 | $ | 3,699,656 | $ | 787,139 | $ | 833,298 | $ | 882,811 | $ | 980,809 | $ | 3,484,058 | $ | 601,729 | $ | 637,221 | $ | 753,684 | $ | 935,991 | $ | 2,928,626 | ||||||||||||||||||||||||||
Cost of Goods Sold |
913,979 | 1,083,509 | 1,211,490 | 260,404 | 247,751 | 297,847 | 346,960 | 1,152,963 | 220,277 | 212,706 | 270,597 | 341,449 | 1,045,028 | |||||||||||||||||||||||||||||||||||||||
Gross Profit |
1,854,186 | 2,200,668 | 2,488,166 | 526,734 | 585,547 | 584,965 | 633,849 | 2,331,095 | 381,453 | 424,516 | 483,087 | 594,542 | 1,883,598 | |||||||||||||||||||||||||||||||||||||||
Total Stores and Distribution Expense |
998,878 | 1,155,922 | 1,344,178 | 329,755 | 348,028 | 373,563 | 385,017 | 1,436,363 | 330,310 | 332,296 | 349,362 | 413,983 | 1,425,950 | |||||||||||||||||||||||||||||||||||||||
Total Marketing, General and Administrative Expense |
283,015 | 356,739 | 376,780 | 100,986 | 105,423 | 101,375 | 97,464 | 405,248 | 86,345 | 86,666 | 87,867 | 92,390 | 353,269 | |||||||||||||||||||||||||||||||||||||||
Other Operating (Income) Loss, Net |
(5,525 | ) | (9,983 | ) | (11,702 | ) | (2,910 | ) | (745 | ) | 307 | (5,431 | ) | (8,778 | ) | (1,324 | ) | (3,333 | ) | (1,609 | ) | (7,268 | ) | (13,533 | ) | |||||||||||||||||||||||||||
Operating Income |
577,817 | 697,990 | 778,909 | 98,901 | 132,840 | 109,719 | 156,799 | 498,262 | (33,878 | ) | 8,887 | 47,467 | 95,437 | 117,912 | ||||||||||||||||||||||||||||||||||||||
Interest (Income) Expense, Net |
(6,672 | ) | (13,896 | ) | (18,827 | ) | (7,646 | ) | (1,757 | ) | (560 | ) | (1,419 | ) | (11,382 | ) | (1,374 | ) | (1,779 | ) | 461 | 1,093 | (1,598 | ) | ||||||||||||||||||||||||||||
Income (Loss) from Continuing Operations Before Income Taxes |
584,489 | 711,887 | 797,737 | 106,547 | 134,597 | 110,279 | 158,218 | 509,644 | (32,504 | ) | 10,665 | 47,005 | 94,344 | 119,510 | ||||||||||||||||||||||||||||||||||||||
Tax (Benefit) Expense for Continuing Operations |
229,107 | 265,361 | 298,610 | 39,380 | 51,361 | 40,536 | 70,197 | 201,475 | (9,400 | ) | 18,856 | (2,217 | ) | 33,319 | 40,557 | |||||||||||||||||||||||||||||||||||||
Net Income (Loss) from Continuing Operations |
355,382 | 446,525 | 499,127 | 67,167 | 83,236 | 69,743 | 88,021 | 308,169 | (23,104 | ) | (8,191 | ) | 49,222 | 61,025 | 78,953 | |||||||||||||||||||||||||||||||||||||
Net Loss from Discontinued Operations (Net of Taxes) |
(21,398 | ) | (24,339 | ) | (23,434 | ) | (5,051 | ) | (5,404 | ) | (5,844 | ) | (19,614 | ) | (35,914 | ) | (36,135 | ) | (18,557 | ) | (10,439 | ) | (13,566 | ) | (78,699 | ) | ||||||||||||||||||||||||||
Net Income (Loss) |
$ | 333,984 | $ | 422,186 | $ | 475,693 | $ | 62,116 | $ | 77,832 | $ | 63,900 | $ | 68,407 | $ | 272,255 | $ | (59,239 | ) | $ | (26,747 | ) | $ | 38,784 | $ | 47,459 | $ | 254 | ||||||||||||||||||||||||
Net Income (Loss) Per Share from Continuing Operations: |
||||||||||||||||||||||||||||||||||||||||||||||||||||
Basic |
$ | 4.08 | $ | 5.07 | $ | 5.72 | $ | 0.78 | $ | 0.96 | $ | 0.80 | $ | 1.01 | $ | 3.55 | $ | (0.26 | ) | $ | (0.09 | ) | $ | 0.56 | $ | 0.69 | $ | 0.90 | ||||||||||||||||||||||||
Diluted |
$ | 3.90 | $ | 4.85 | $ | 5.45 | $ | 0.75 | $ | 0.93 | $ | 0.79 | $ | 1.00 | $ | 3.45 | $ | (0.26 | ) | $ | (0.09 | ) | $ | 0.55 | $ | 0.68 | $ | 0.89 | ||||||||||||||||||||||||
Net Loss Per Share from Discontinued Operations: |
||||||||||||||||||||||||||||||||||||||||||||||||||||
Basic |
$ | (0.25 | ) | $ | (0.28 | ) | $ | (0.27 | ) | $ | (0.06 | ) | $ | (0.06 | ) | $ | (0.07 | ) | $ | (0.23 | ) | $ | (0.41 | ) | $ | (0.41 | ) | $ | (0.21 | ) | $ | (0.12 | ) | $ | (0.15 | ) | $ | (0.90 | ) | |||||||||||||
Diluted |
$ | (0.23 | ) | $ | (0.26 | ) | $ | (0.26 | ) | $ | (0.06 | ) | $ | (0.06 | ) | $ | (0.07 | ) | $ | (0.22 | ) | $ | (0.40 | ) | $ | (0.41 | ) | $ | (0.21 | ) | $ | (0.12 | ) | $ | (0.15 | ) | $ | (0.89 | ) | |||||||||||||
Total Net Income (Loss) Per Share: |
||||||||||||||||||||||||||||||||||||||||||||||||||||
Basic |
$ | 3.83 | $ | 4.79 | $ | 5.45 | $ | 0.72 | $ | 0.90 | $ | 0.73 | $ | 0.79 | $ | 3.14 | $ | (0.68 | ) | $ | (0.30 | ) | $ | 0.44 | $ | 0.54 | $ | 0.00 | ||||||||||||||||||||||||
Diluted |
$ | 3.66 | $ | 4.59 | $ | 5.20 | $ | 0.69 | $ | 0.87 | $ | 0.72 | $ | 0.78 | $ | 3.05 | $ | (0.68 | ) | $ | (0.30 | ) | $ | 0.44 | $ | 0.53 | $ | 0.00 | ||||||||||||||||||||||||
Weighted-Average Shares Outstanding: |
||||||||||||||||||||||||||||||||||||||||||||||||||||
Basic |
87,161 | 88,052 | 87,248 | 86,335 | 86,842 | 87,034 | 87,052 | 86,816 | 87,697 | 87,878 | 87,943 | 87,977 | 87,874 | |||||||||||||||||||||||||||||||||||||||
Diluted |
91,221 | 92,010 | 91,523 | 90,138 | 89,963 | 88,806 | 88,258 | 89,291 | 87,697 | 87,878 | 88,730 | 89,114 | 88,609 | |||||||||||||||||||||||||||||||||||||||
Comparable Store Sales |
26 | % | 1 | % | -1 | % | -3 | % | -4 | % | -14 | % | -25 | % | -13 | % | -30 | % | -30 | % | -22 | % | -13 | % | -23 | % | ||||||||||||||||||||||||||
Actual Shares Outstanding |
87,726 | 88,300 | 86,156 | 86,446 | 86,999 | 87,048 | 87,055 | 87,055 | 87,840 | 87,908 | 87,961 | 87,985 | 87,985 | |||||||||||||||||||||||||||||||||||||||
Number of Stores — End of Period |
843 | 930 | 1,013 | 1,024 | 1,056 | 1,079 | 1,097 | 1,097 | 1,097 | 1,103 | 1,103 | 1,096 | 1,096 | |||||||||||||||||||||||||||||||||||||||
Gross Square Feet — End of Period |
5,956 | 6,563 | 7,133 | 7,219 | 7,436 | 7,604 | 7,760 | 7,760 | 7,761 | 7,843 | 7,864 | 7,848 | 7,848 | |||||||||||||||||||||||||||||||||||||||