| Abercrombie & Fitch
Earnings Call |
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Abercrombie & Fitch Earnings Call, First Quarter 2007
12th June 2008 00:00 AM |
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| The firm continues to grow the business for the long term by opening in new markets and developing new concepts. |
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| The retailer reported a 13% increase in net sales to $742.4 million from $657.3 million in 2006 as direct-to-consumer net sales increased 43% to $43.5 million. As a result net income was up 7% to $60 million or 65 cents a share versus $56 million or 62 cents a share in the prior year. Despite difficult selling conditions that impacted most retailers during this period, the firm enhanced each of the brands while delivering record profit. |
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Abercrombie & Fitch Earnings Call, Third Quarter 2008
12th June 2008 00:00 AM |
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| The firm continues to spend heavily on IT infrastructure to position itself for future growth and plans to open its first European location in 2007. |
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| The retailer reported income of $102 million or $1.11 a share up 43% from $71.6 million or 79 cents a share in 2005 as revenue grew 22% to $863.4 million, over last year’s $704.9 million with comparable store sales increasing 5%. A 12 % increase in transactions per store growth helped offset 3% decline in average transaction value, which was driven by a product mix shift from denim to tops. |
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Abercrombie & Fitch Earnings Call, Second Quarter 2006
12th June 2008 00:00 AM |
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| Performance was solid due to the unique positioning of the company, with opportunities to domestically expand established brands. |
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| The retailer reported net income of $65.7 million or 72 cents a share versus $57.4 million or 63 cents a share in the prior year, a 14% increase as sales were up 15% to $658.7 million. To ensure selection integrity at all times, the firm increased minimum stack heights and size runs and as it continues to see blue jeans and other basic categories, it will maintain more moderate inventory levels. |
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Abercrombie & Fitch Earnings Call, Fourth Quarter 2005
12th June 2008 00:00 AM |
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| Each of the brands exhibited strong growth allowing the business to generate record sales and earnings. |
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| The retailer reported sales of $961 million, increasing 40% from $687 million in 2004. Consequently, income rose 58% to a $165 million or $1.80 a share versus a $104 million or $1.15 a share in the prior year. The firm achieved record sales and earnings while enhancing the quality of the brands through strategic business investments. In addition, the year marked the successful opening of the Fifth Avenue flagship store as well as the Company''s initial expansion into international markets. |
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Abercrombie & Fitch Earnings Call, First Quarter 2008
29th May 2008 00:00 AM |
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| The company continues to focus on improving product quality and the emotional store experience, which enhance long-term competitive advantage. |
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| The casual wear retailer posted Q1 total net sales of $800.2 million versus $742.4 million for the same period last year. Quarterly net income was $62.1 million compared with net income of $60.1 million for the same period in 2007. The management reported an increase of 44% to $62.5 million in total direct-to-consumer net sales versus the same period in 2007 and reaffirmed that the earnings guidance for the first half of fiscal 2008 is expected to be in the range of $1.61 to $1.65. |
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Abercrombie & Fitch Fourth Quarter Earnings Call
6th March 2008 00:00 AM |
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| Net income per share rose 12% to $2.40 from $2.14 in the year ago quarter, on net income of $216.8 million and $198.2 million respectively. |
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| The casual wear retailer posted total net sales of $1.229 billion, an 8% increase from $1.139 billion in the last year quarter, as international stores continued to generate exceptional sales and profits. In January, the company launched its newest concept, Gill Hicks. The Board of Directors declared a quarterly cash dividend of 17.5 cents per share and management now forecasts first half fiscal 2008 net income per diluted share to be in the range of $1.61 to $1.65. |
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Abercrombie & Fitch Fourth Quarter Earnings Call
17th January 2008 00:00 AM |
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| Net income increased 20% to $198.2 million or $2.14 per share versus $164.6 million or $1.80 per share in last year. |
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| The retailer of casual apparel reported sales growth of 18% to $1.139 billion as against $961.4 million in the prior year. Total company comparable store sales fell 3% in the Q4. Abercrombie & Fitch is planning to introduce its next new concept in January 2008, with seven stores opening by March 2008. In fiscal 2006, the firm invested $40 million to refresh existing stores and it plans to continue this initiative by investing an additional $60 million in fiscal 2007. |
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Abercrombie & Fitch Third Quarter Earnings Call
26th November 2007 00:00 AM |
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| The earnings totaled $117.6 million or $1.29 per share versus $102 million or $1.11 per share in prior year, on higher sales. |
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| The retailer of apparel reported revenue of $973.9 million, up 13% from prior year, as transactions per store per week rose 3%. The gross profit rate improved to 66.2% on a higher initial markup rate and a lower merchandise shrink rate. The company’s Canadian stores performed exceptionally well, each generating more than three times the productivity versus its average US counterparts. Abercrombie & Fitch projects EPS for the second half of fiscal 2007 to be in the range of $3.63 to $3.67. |
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Abercrombie & Fitch Second Quarter Earnings Call
31st August 2007 00:00 AM |
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| Profit increased 24% to $81.3 million as a larger number of stores helped offset weakened sales at older outlets. |
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| The company revenue increase of 22% to $804.5 million, above analysts'' average estimate of $772.01 million. The increase was due to mostly because of new-store openings. In March, the company opened its first store outside of North America in London and has since announced plans for a store in Tokyo. Higher mark-downs on slow-selling products pressured profit margins, but they were partially offset by higher initial mark-ups. For 2007, EPS forecast is $5.16 to $5.20. |
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