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Singer makes way for Abercrombie top order changes
30 Aug '05
3 min read
Year-to-date, the Company reported a net sales increase of 37 percent to $1.406 billion from $1.025 billion last year. Comparable store sales increased 24 percent for the year-to-date period.
August 2005 Highlights
- Total Company net sales increased 36 percent
- Total Company comparable store sales increased 24 percent
- Abercrombie & Fitch comparable store sales increased 13 percent
- Abercrombie comparable store sales increased 56 percent
- Hollister Co. comparable store sales increased 29 percent
The Company said that its August sales, which historically represent the most important month of the back-to-school season, were exceptionally strong. The business maintained excellent momentum during the month, achieving strong comparable store sales increases in each brand.
The Company reaffirmed its recently increased guidance for the year of net income per fully-diluted share to be in the range of $3.10 to $3.30, based on a sales plan of approximately $2.7 billion for fiscal 2005, excluding a one- time charge to be taken in the third quarter for Singer's severance package.
US based specialty retailer Abercrombie & Fitch Co operates 347 Abercrombie & Fitch stores, 162 abercrombie stores, 275 Hollister Co stores and 5 RUEHL stores at the end of fiscal June. The merchandise is sold in retail stores throughout the United States and through catalogs.
August 2005 Highlights
- Total Company net sales increased 36 percent
- Total Company comparable store sales increased 24 percent
- Abercrombie & Fitch comparable store sales increased 13 percent
- Abercrombie comparable store sales increased 56 percent
- Hollister Co. comparable store sales increased 29 percent
The Company said that its August sales, which historically represent the most important month of the back-to-school season, were exceptionally strong. The business maintained excellent momentum during the month, achieving strong comparable store sales increases in each brand.
The Company reaffirmed its recently increased guidance for the year of net income per fully-diluted share to be in the range of $3.10 to $3.30, based on a sales plan of approximately $2.7 billion for fiscal 2005, excluding a one- time charge to be taken in the third quarter for Singer's severance package.
US based specialty retailer Abercrombie & Fitch Co operates 347 Abercrombie & Fitch stores, 162 abercrombie stores, 275 Hollister Co stores and 5 RUEHL stores at the end of fiscal June. The merchandise is sold in retail stores throughout the United States and through catalogs.
Abercrombie & Fitch Co
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