Home / Knowledge / News / Fashion / Abercrombie & Fitch FY19 sales increase to $3.6 billion

Abercrombie & Fitch FY19 sales increase to $3.6 billion

06
Mar '20
Pic: Abercrombie & Fitch
Pic: Abercrombie & Fitch
Abercrombie & Fitch, US based lifestyle retailer, reported 3 per cent increased in net sales to $1.18 billion in fourth quarter (Q4) FY19 that ended on February 1, 2020. Net sales for complete fiscal 2019 rose 1 per cent to $3.62 billion. Operating income in the quarter was of $122.3 million compared to $129.7 million in same period prior year.
 
"We finished the year on a strong note, with record Black Friday week results contributing to net sales growth and positive comparable sales for the fourth quarter, and for the third consecutive year. Consistent with recent trends, Abercrombie outperformed Hollister and the US outperformed international, which although still lagging registered significant sequential improvement," Fran Horowitz, chief executive officer, said in a press release.
 
Operating expense in Q4 FY19 excluding other operating income was $567.9 million. Operating expense for full FY19 excluding other operating income was reported to $2.08 billion included $47 million of flagship store exit charges. Operating income for full FY19 stood at $70.1 million.
 
Hollister's sales remained flat in both Q4 at $711 million and FY19 at $2.1 billion. While Abercrombie's sales grew 7 per cent in Q4 to $474 million compared to $442 million in same period prior year. FY19 sales of Abercrombie rose 2 per cent to $1.5 billion.
 
Fourth quarter sales in US increased 5 per cent to $814 million compared to $779 million in same period prior year. US sales grew 4 per cent in FY19 to $2.4 billion. International sales fell 2 per cent to $370 million in Q4 and reduced 4 per cent in FY19 to 1.2 billion.
 
For fiscal 2020, the company expects net sales to be flat to up 2 per cent, reflecting the estimated adverse impact of Covid-19 in the range of $60 million to $80 million, as reported. 

Fibre2Fashion News Desk (JL)


Must ReadView All

Pic: JNCASR

Textiles | On 2nd Apr 2020

Indian researchers make coating to kill virus like COVID

A one-step curable anti-microbial coating, which when coated on...

Pic: Shutterstock

Apparel/Garments | On 2nd Apr 2020

Taiwan textile makers shift gear to manufacture PPE

Several Taiwanese textile companies have been modifying their...

Pic: Shutterstock

Textiles | On 2nd Apr 2020

Indian ECGC announces regulatory relaxations for exporters

The Export Credit Guarantee Corporation of India (ECGC) recently...

Interviews View All

Awen Delaval, Samatoa

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Sachin Sharma, Gem Enviro Management Pvt Ltd

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Textile industry, Head honchos

Textile industry
Head honchos

It is a well-calibrated budget

Harssh Chheda,

Harssh Chheda

Mumbai-based Corporate Collars provides bespoke tailoring services for...

Tom Adeyoola,

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Larry Fontana,

Larry Fontana

Italy-based Lafer SpA is one of the most innovative surface finishing...

Ray Baughman, University of Texas -Dallas

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Mr Hartmann Huth, Trevira GmbH

Mr Hartmann Huth
Trevira GmbH

Trevira GmbH is an innovative European manufacturer of high-value branded...

Hemant Bheda, Arevo

Hemant Bheda
Arevo

Arevo, based in Silicon Valley in California, develops technology to...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


March 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search