ANF reported net sales for January increased 6% to $234.1 million from the same period last year. Comparable store sales decreased 4%, which was worse than expected. After this month, ANF will no longer be reporting monthly sales.
ANF reported net sales of $596.3 million for the month, which is a 26% increase from the same period last year. Comparable sales increased by 15%, which beat analysts' expectations of a 10.7% increase. Domestic net sales increased 19% while international sales increased 65%.
This move will make it easier for Abercrombie’s shareholders to defend against acquisition or redirect an acquisition towards a preferred acquirer. This would be made possible with Ohio’s stricter anti-takeover regulations, such as its business combination statue and control share acquisition statute.
In November, ANF reported net sales of $318.9 million for the month, which is a 32% increase from the same period a year ago. Total domestic net sales, including direct-to-consumer net sales, increased 25%. Total international net sales increased 73% to $64.2 million. Comparable store sales for the month increased 22% to $32.6 million.
ANF reported net income of $50 million for the quarter, which is a 29% increase from the same quarter a year ago. Total company net sales increased 18% to $885.8 million while comparable store sales increased 7%.
For October, ANF reported net sales of $226.8 million for the month, is a 13% increase from the same period a year ago. Year to date, ANF has net sales of $2.32 billion, which is a 16% increase from last year. Comparable store sales for the month increased 2%. Total company international net sales increased 86%.
For September, ANF same-store sales increased by 13% and total sales increased 25% from last month to $305.3 million. This increase in sales was mostly due to the 94% rise in international sales from August.
Abercrombie & Fitch Co. reported that its same-store sales increased 6% from June, which beat the consensus estimate of 5.9%. The total sales for the month are $353.7 million, which is a 14% increase from the sales of August 2009. However, its shares are still down due to its heavy use of promotions and discounts in the month of August.
ANF reported net sales of $197.6 million for the four-week period ended May 29, 2010, a 10% increase from net sales of $179.0 million for the four-week period ended May 30, 2009. May comparable store sales decreased 3%. For the fiscal month, total Company direct-to-consumer net merchandise sales increased 34% to $19.2 million.
ANF posted a decline in first-quarter profit, reflecting increased expenses. Further, the company issued weak earnings forecast for the second quarter, sending its shares down more than 6% in the pre-market session. First-quarter net income was $10.9 million or $0.05 per share, compared to $21.9 million or $0.11 per share in the year-ago quarter.
ANF announced that the Board of Directors declared a quarterly cash dividend of $0.175 per share on the Class A Common Stock of Abercrombie & Fitch Co. payable on June 15, 2010
Upon entering holiday season 2008, many retailers were doing what they can to get a reluctant customer base to spend money. This often took the form of steep discounts and promotions. Abercrombie & Fitch is one retailer who refused to discount its products on the grounds it did not want to dilute its brand image. This move lowered investor confidence, leading to a 21% drop in stock prices on Friday 11/14.
Abercrombie reported a 14% decline in same store sales and a 7% decrease in total sales for the month of September 2008 as the U.S. retail market struggled.
Abercrombie announced that the company saw net sales increase 8% during the fourth quarter to $1.2 billion, while same store sales decreased 1% during the quarter company-wide. For the full fiscal 2007 year the company generated $3.75 billion in sales, a 13% increase from the prior year. However, same store sales decreased 1% for the year.
ANF unveiled its newest in-house concept, Gilly Hicks, to investors in an upscale mall in Natick, Massachusetts on January 21. The new Gilly Hicks concept currently has a website that features a risque video of topless women and nude men frolicking on a beach wearing either nothing or underwear. The website also includes the locations where the first Gilly Hicks stores will open in 2008. The Gilly Hicks concept is expected to be focused on intimate apparel and undergarments, mostly for women.
ANF reported a decrease of 2% in comparable store sales and an increase of 9% in net sales. Female apparel sales were notably weak as were Ruehl's comps, which decreased 22%.
ANF announced that sales for the third quarter of fiscal 2007 increased 13% from the same quarter of FY06, while operating income increased 15%.
Abercrombie and Fitch reported that same-store sales for September were down 4% due to less sales in women and children's clothing.
