Abercrombie & Fitch reports record Q4 and fiscal year-end results
22 Feb '07
2 min read
Abercrombie & Fitch Co reported unaudited results which reflected net income of $198.2 million and net income per diluted share of $2.14 for the fourteen weeks ended February 3, 2007, a 20% increase over net income of $164.6 million and a 19% increase over $1.80 per diluted share for the thirteen week period ended January 28, 2006.
The Company also reported net income of $422.2 million and net income per diluted share of $4.59 for the fifty-three week fiscal year ended February 3, 2007, a 26% increase over net income of $334.0 million and a 25% increase over $3.66 per diluted share for the fifty-two week fiscal year ended January 28, 2006.
Fourth Quarter Highlights:
Total Company net sales increased 18% to $1.139 billion; comparable store sales declined 3%, versus a 28% increase for the fourth quarter of Fiscal 2005
Abercrombie & Fitch net sales increased 6% to $504.0 million; Abercrombie & Fitch comparable store sales decreased 6%, versus an 18% increase for the fourth quarter of Fiscal 2005
abercrombie net sales increased 19% to $144.5 million; abercrombie comparable store sales increased 2%, versus a 59% increase for the fourth quarter of Fiscal 2005
Hollister Co. net sales increased 33% to $476.8 million; Hollister Co. comparable store sales were flat to last year, versus a 34% increase for the fourth quarter of Fiscal 2005
RUEHL net sales increased 89% to $13.4 million; RUEHL comparable store sales increased 6%, versus an 18% increase for the fourth quarter of Fiscal 2005
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