Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - ABERCROMBIE & FITCH CO /DE/ | c05143e8vk.htm |
| EX-99.4 - EXHIBIT 99.4 - ABERCROMBIE & FITCH CO /DE/ | c05143exv99w4.htm |
| EX-99.3 - EXHIBIT 99.3 - ABERCROMBIE & FITCH CO /DE/ | c05143exv99w3.htm |
| EX-99.1 - EXHIBIT 99.1 - ABERCROMBIE & FITCH CO /DE/ | c05143exv99w1.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 2009 | Fiscal 2010 | ||||||||||||||||||||||||||||||||||||||||||
| 2006 | 2007 | 2008 | Q1 | Q2 | Q3 | Q4 | YTD | Q1 | Q2 | YTD | ||||||||||||||||||||||||||||||||||
Net Sales |
$ | 3,284,176 | $ | 3,699,656 | $ | 3,484,058 | $ | 601,729 | $ | 637,221 | $ | 753,684 | $ | 935,991 | $ | 2,928,626 | $ | 687,804 | $ | 745,798 | $ | 1,433,602 | ||||||||||||||||||||||
Cost of Goods Sold |
1,083,509 | 1,211,490 | 1,152,963 | 220,277 | 212,706 | 270,597 | 341,449 | 1,045,028 | 256,388 | 260,450 | 516,838 | |||||||||||||||||||||||||||||||||
Gross Profit |
2,200,668 | 2,488,166 | 2,331,095 | 381,453 | 424,516 | 483,087 | 594,542 | 1,883,598 | 431,416 | 485,348 | 916,764 | |||||||||||||||||||||||||||||||||
Total Stores and Distribution Expense |
1,155,922 | 1,344,178 | 1,436,363 | 330,310 | 332,296 | 349,362 | 413,983 | 1,425,950 | 354,410 | 364,482 | 718,892 | |||||||||||||||||||||||||||||||||
Total Marketing, General and Administrative Expense |
356,739 | 376,780 | 405,248 | 86,345 | 86,666 | 87,867 | 92,390 | 353,269 | 96,632 | 95,206 | 191,838 | |||||||||||||||||||||||||||||||||
Other Operating Income, Net |
(9,983 | ) | (11,702 | ) | (8,778 | ) | (1,324 | ) | (3,333 | ) | (1,609 | ) | (7,268 | ) | (13,533 | ) | (914 | ) | (1,900 | ) | (2,814 | ) | ||||||||||||||||||||||
Operating Income (Loss) |
697,990 | 778,909 | 498,262 | (33,878 | ) | 8,887 | 47,467 | 95,437 | 117,912 | (18,712 | ) | 27,560 | 8,848 | |||||||||||||||||||||||||||||||
Interest (Income) Expense, Net |
(13,896 | ) | (18,827 | ) | (11,382 | ) | (1,374 | ) | (1,779 | ) | 461 | 1,093 | (1,598 | ) | 825 | 807 | 1,632 | |||||||||||||||||||||||||||
Income (Loss) from Continuing Operations Before Taxes |
711,887 | 797,737 | 509,644 | (32,504 | ) | 10,665 | 47,005 | 94,344 | 119,510 | (19,537 | ) | 26,753 | 7,216 | |||||||||||||||||||||||||||||||
Tax Expense (Benefit) for Continuing Operations |
265,361 | 298,610 | 201,475 | (9,400 | ) | 18,856 | (2,217 | ) | 33,319 | 40,557 | (7,709 | ) | 7,274 | (435 | ) | |||||||||||||||||||||||||||||
Net Income (Loss) from Continuing Operations |
446,525 | 499,127 | 308,169 | (23,104 | ) | (8,191 | ) | 49,222 | 61,025 | 78,953 | (11,828 | ) | 19,479 | 7,651 | ||||||||||||||||||||||||||||||
Net Loss from Discontinued Operations (Net of Taxes) |
(24,339 | ) | (23,430 | ) | (35,914 | ) | (36,135 | ) | (18,557 | ) | (10,439 | ) | (13,566 | ) | (78,699 | ) | — | — | — | |||||||||||||||||||||||||
Net Income (Loss) |
$ | 422,186 | $ | 475,697 | $ | 272,255 | $ | (59,239 | ) | $ | (26,747 | ) | $ | 38,784 | $ | 47,459 | $ | 254 | $ | (11,828 | ) | $ | 19,479 | $ | 7,651 | |||||||||||||||||||
Net Income (Loss) Per Share from Continuing Operations: |
||||||||||||||||||||||||||||||||||||||||||||
Basic |
$ | 5.07 | $ | 5.72 | $ | 3.55 | $ | (0.26 | ) | $ | (0.09 | ) | $ | 0.56 | $ | 0.69 | $ | 0.90 | $ | (0.13 | ) | $ | 0.22 | $ | 0.09 | |||||||||||||||||||
Diluted |
$ | 4.85 | $ | 5.45 | $ | 3.45 | $ | (0.26 | ) | $ | (0.09 | ) | $ | 0.55 | $ | 0.68 | $ | 0.89 | $ | (0.13 | ) | $ | 0.22 | $ | 0.09 | |||||||||||||||||||
Net Loss Per Share from Discontinued Operations: |
||||||||||||||||||||||||||||||||||||||||||||
Basic |
$ | (0.28 | ) | $ | (0.27 | ) | $ | (0.41 | ) | $ | (0.41 | ) | $ | (0.21 | ) | $ | (0.12 | ) | $ | (0.15 | ) | $ | (0.90 | ) | $ | — | $ | — | $ | — | ||||||||||||||
Diluted |
$ | (0.26 | ) | $ | (0.26 | ) | $ | (0.40 | ) | $ | (0.41 | ) | $ | (0.21 | ) | $ | (0.12 | ) | $ | (0.15 | ) | $ | (0.89 | ) | $ | — | $ | — | $ | — | ||||||||||||||
Net Income (Loss) Per Share: |
||||||||||||||||||||||||||||||||||||||||||||
Basic |
$ | 4.79 | $ | 5.45 | $ | 3.14 | $ | (0.68 | ) | $ | (0.30 | ) | $ | 0.44 | $ | 0.54 | $ | — | $ | (0.13 | ) | $ | 0.22 | $ | 0.09 | |||||||||||||||||||
Diluted |
$ | 4.59 | $ | 5.20 | $ | 3.05 | $ | (0.68 | ) | $ | (0.30 | ) | $ | 0.44 | $ | 0.53 | $ | — | $ | (0.13 | ) | $ | 0.22 | $ | 0.09 | |||||||||||||||||||
Weighted-Average Shares Outstanding: |
||||||||||||||||||||||||||||||||||||||||||||
Basic |
88,052 | 87,248 | 86,816 | 87,697 | 87,878 | 87,943 | 87,977 | 87,874 | 88,095 | 88,220 | 88,157 | |||||||||||||||||||||||||||||||||
Diluted |
92,010 | 91,523 | 89,291 | 87,697 | 87,878 | 88,730 | 89,114 | 88,609 | 88,095 | 89,386 | 89,561 | |||||||||||||||||||||||||||||||||
Comparable Store Sales |
1 | % | -1 | % | -13 | % | -29 | % | -30 | % | -22 | % | -13 | % | -23 | % | 1 | % | 5 | % | 3 | % | ||||||||||||||||||||||
Actual Shares Outstanding |
88,300 | 86,156 | 87,055 | 87,840 | 87,908 | 87,961 | 87,985 | 87,985 | 88,197 | 88,246 | 88,246 | |||||||||||||||||||||||||||||||||
Number of Stores — End of Period |
930 | 1,013 | 1,097 | 1,097 | 1,103 | 1,103 | 1,096 | 1,096 | 1,100 | 1,098 | 1,098 | |||||||||||||||||||||||||||||||||
Gross Square Feet — End of Period |
6,563 | 7,133 | 7,760 | 7,761 | 7,843 | 7,864 | 7,848 | 7,848 | 7,876 | 7,869 | 7,669 | |||||||||||||||||||||||||||||||||