MOSS ADAMS CAPITAL: Apparel and foowear market monitor highlights notable deals, stock prices and results.
Details on Industry Insight.
New Albany, Ohio, May 5, 2011: Abercrombie & Fitch (NYSE: ANF) today reported net sales of $836.7 million for the fiscal quarter ended April 30, 2011, a 22% increase from net sales of $687.8 million for the fiscal quarter ended May 1, 2010.
U.S. sales, including direct-to-consumer sales, increased 13% to $641.0 million. International sales, including direct-to-consumer sales, increased 64% to $195.7 million. Total Company direct-to-consumer sales, including shipping and handling, increased 32% to $105.8 million.
Total comparable store sales for the quarter increased 10%. By brand, comparable store sales increased 8% for Abercrombie & Fitch, increased 11% for abercrombie kids, and increased 11% for Hollister Co.
Within the quarter, April was very strong, including the effect of the calendar shift of the Easter holiday.
The Company will release its first quarter results on Wednesday, May 18, 2011, prior to the opening of the market and hold a conference call at 8:30am Eastern Time. To listen to the conference call, dial (800) 289-0730 and ask for the Abercrombie & Fitch Quarterly Call or go to www.abercrombie.com. The international call-in number is (913) 312-0666. This call will be recorded and made available by dialing the replay number (888) 203-1112 or the international number (719) 457-0820 followed by the conference ID number 9143569 or through www.abercrombie.com.
At the end of the first quarter, the Company operated a total of 1,071 stores. The Company operated 316 Abercrombie & Fitch stores, 181 abercrombie kids stores, 502 Hollister Co. stores and 18 Gilly Hicks stores in the United States. The Company also operated nine Abercrombie & Fitch stores, four abercrombie kids stores, 40 Hollister Co. stores and one Gilly Hicks store internationally. The Company operates e-commerce websites at www.abercrombie.com, www.abercrombiekids.com, www.hollisterco.com and www.gillyhicks.com.