Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - ABERCROMBIE & FITCH CO /DE/ | c17756e8vk.htm |
| EX-99.4 - EXHIBIT 99.4 - ABERCROMBIE & FITCH CO /DE/ | c17756exv99w4.htm |
| EX-99.3 - EXHIBIT 99.3 - ABERCROMBIE & FITCH CO /DE/ | c17756exv99w3.htm |
| EX-99.1 - EXHIBIT 99.1 - ABERCROMBIE & FITCH CO /DE/ | c17756exv99w1.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 2010 | Fiscal 2011 | |||||||||||||||||||||||||||||||||||
| 2007 | 2008 | 2009 | Q1 | Q2 | Q3 | Q4 | YTD | Q1 | ||||||||||||||||||||||||||||
Net Sales |
$ | 3,699,656 | $ | 3,484,058 | $ | 2,928,626 | $ | 687,804 | $ | 745,798 | $ | 885,778 | $ | 1,149,396 | $ | 3,468,777 | $ | 836,674 | ||||||||||||||||||
Cost of Goods Sold |
1,211,490 | 1,152,963 | 1,045,028 | 256,388 | 260,450 | 321,346 | 418,410 | 1,256,596 | 293,013 | |||||||||||||||||||||||||||
Gross Profit |
2,488,166 | 2,331,095 | 1,883,598 | 431,416 | 485,348 | 564,432 | 730,986 | 2,212,181 | 543,661 | |||||||||||||||||||||||||||
Total Stores and Distribution Expense |
1,344,178 | 1,436,363 | 1,425,950 | 354,410 | 364,482 | 385,135 | 485,475 | 1,589,501 | 399,101 | |||||||||||||||||||||||||||
Total Marketing, General and Administrative Expense |
376,780 | 405,248 | 353,269 | 96,632 | 95,206 | 102,612 | 106,354 | 400,804 | 107,651 | |||||||||||||||||||||||||||
Other Operating Income, Net |
(11,702 | ) | (8,778 | ) | (13,533 | ) | (914 | ) | (1,900 | ) | (1,692 | ) | (5,549 | ) | (10,056 | ) | (1,836 | ) | ||||||||||||||||||
Operating Income (Loss) |
778,909 | 498,262 | 117,912 | (18,712 | ) | 27,560 | 78,377 | 144,706 | 231,932 | 38,745 | ||||||||||||||||||||||||||
Interest (Income) Expense, Net |
(18,827 | ) | (11,382 | ) | (1,598 | ) | 825 | 807 | 671 | 1,058 | 3,362 | 950 | ||||||||||||||||||||||||
Income (Loss) from Continuing Operations Before Taxes |
797,737 | 509,644 | 119,510 | (19,537 | ) | 26,753 | 77,706 | 143,648 | 228,570 | 37,795 | ||||||||||||||||||||||||||
Tax Expense (Benefit) for Continuing Operations |
298,610 | 201,475 | 40,557 | (7,709 | ) | 7,274 | 27,666 | 51,055 | 78,287 | 13,450 | ||||||||||||||||||||||||||
Net Income (Loss) from Continuing Operations |
499,127 | 308,169 | 78,953 | (11,828 | ) | 19,479 | 50,040 | 92,593 | 150,283 | 24,345 | ||||||||||||||||||||||||||
Net Income (Loss) from Discontinued Operations (Net of Taxes) |
(23,430 | ) | (35,914 | ) | (78,699 | ) | — | — | — | — | — | 796 | ||||||||||||||||||||||||
Net Income (Loss) |
$ | 475,697 | $ | 272,255 | $ | 254 | $ | (11,828 | ) | $ | 19,479 | $ | 50,040 | $ | 92,593 | $ | 150,283 | $ | 25,141 | |||||||||||||||||
Net Income (Loss) Per Share from Continuing Operations: |
||||||||||||||||||||||||||||||||||||
Basic |
$ | 5.72 | $ | 3.55 | $ | 0.90 | $ | (0.13 | ) | $ | 0.22 | $ | 0.57 | $ | 1.06 | $ | 1.71 | $ | 0.28 | |||||||||||||||||
Diluted |
$ | 5.45 | $ | 3.45 | $ | 0.89 | $ | (0.13 | ) | $ | 0.22 | $ | 0.56 | $ | 1.03 | $ | 1.67 | $ | 0.27 | |||||||||||||||||
Net Loss Per Share from Discontinued Operations: |
||||||||||||||||||||||||||||||||||||
Basic |
$ | (0.27 | ) | $ | (0.41 | ) | $ | (0.90 | ) | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 0.01 | |||||||||||||||
Diluted |
$ | (0.26 | ) | $ | (0.40 | ) | $ | (0.89 | ) | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 0.01 | |||||||||||||||
Net Income (Loss) Per Share: |
||||||||||||||||||||||||||||||||||||
Basic |
$ | 5.45 | $ | 3.14 | $ | — | $ | (0.13 | ) | $ | 0.22 | $ | 0.57 | $ | 1.06 | $ | 1.71 | $ | 0.29 | |||||||||||||||||
Diluted |
$ | 5.20 | $ | 3.05 | $ | — | $ | (0.13 | ) | $ | 0.22 | $ | 0.56 | $ | 1.03 | $ | 1.67 | $ | 0.28 | |||||||||||||||||
Weighted-Average Shares Outstanding: |
||||||||||||||||||||||||||||||||||||
Basic |
87,248 | 86,816 | 87,874 | 88,095 | 88,220 | 88,236 | 87,691 | 88,061 | 87,282 | |||||||||||||||||||||||||||
Diluted |
91,523 | 89,291 | 88,609 | 88,095 | 89,386 | 90,069 | 90,214 | 89,851 | 90,441 | |||||||||||||||||||||||||||
Comparable Store Sales |
-1 | % | -13 | % | -23 | % | 1 | % | 5 | % | 7 | % | 13 | % | 7 | % | 10 | % | ||||||||||||||||||
Actual Shares Outstanding |
86,156 | 87,055 | 87,985 | 88,197 | 88,246 | 87,811 | 87,246 | 87,246 | 87,377 | |||||||||||||||||||||||||||
Number of Stores — End of Period |
1,013 | 1,097 | 1,096 | 1,100 | 1,098 | 1,106 | 1,069 | 1,069 | 1,071 | |||||||||||||||||||||||||||
Gross Square Feet — End of Period |
7,133 | 7,760 | 7,848 | 7,876 | 7,869 | 7,940 | 7,756 | 7,756 | 7,738 | |||||||||||||||||||||||||||