Abercrombie & Fitch total direct-to-consumer net sales up
10 Aug '07
2 min read
Abercrombie & Fitch reported net sales of $296.4 million for the four-week period ended August 4, 2007, a 29% increase over net sales of $230.0 for the four-week period ended July 29, 2006.
July comparable store sales decreased 4% for the four-week period ended August 4, 2007, compared to the four-week period ended August 5, 2006.
Total Company direct-to-consumer net sales increased 67% to $16.0 million for the four-week period ended August 4, 2007, compared to the four-week period ended July 29, 2006.
Year-to-date, the Company reported a net sales increase of 18% to $1.547 billion from $1.316 billion last year. Comparable store sales decreased 3% for the year-to-date period. Year-to-date, the company reported direct-to-consumer net sales increased 54% to $89.1 million.
July 2007 Developments: • Total Company net sales increased 29% • Total Company direct-to-consumer net sales increased 67% • Total Company comparable store sales decreased 4% • Abercrombie & Fitch comparable store sales decreased 1% • abercrombie comparable store sales decreased 1% • Hollister Co. comparable store sales decreased 7% • RUEHL comparable store sales increased 7%
The Company expects to report second quarter fully diluted earnings per share in the range of $0.87 to $0.88, which includes approximately $0.03 related to the favorable settlement of a state tax audit.
marketing@alchempro.com
