Home / Knowledge / News / Fashion / Ohio-based ANF posts higher Q1 profit

Ohio-based ANF posts higher Q1 profit

May '08
Abercrombie & Fitch Co. reported unaudited results which reflected record first quarter net income of $62.1 million and net income per diluted share of $0.69 for the thirteen weeks ended May 3, 2008, a 3% increase over net income of $60.1 million and a 6% increase over net income per diluted share of $0.65 for the thirteen weeks ended May 5, 2007.

First Quarter Highlights:
• Total Company net sales increased 8% to $800.2 million; comparable store sales decreased 3%
• Total direct-to-consumer net sales increased 44% to $62.5 million
• Abercrombie & Fitch net sales increased 7% to $357.7 million; Abercrombie & Fitch comparable store sales increased 3%
• abercrombie net sales increased 8% to $96.2 million; abercrombie comparable store sales decreased 7%
• Hollister Co. net sales increased 7% to $330.2 million; Hollister comparable store sales decreased 8%
• RUEHL net sales increased 27% to $13.0 million; RUEHL comparable store sales decreased 17%
• Net income for the first quarter increased 3% to $62.1 million
• Net income per diluted share in the first quarter increased 6% to $0.69

Mike Jeffries, Chief Executive Officer and Chairman of the Board of Abercrombie & Fitch Co., said:

"Our first quarter financial results demonstrate our ability to effectively position our brands. Despite a tough selling environment, we produced bottom-line growth while still remaining true to the aspirational positioning of our brands. We continue to focus on improving the quality of our product and the emotional store experience, which gives us our competitive advantage and is critical to our long-term sustainability."

Interviews View All

Evelyne Cholet, UCMTF

Evelyne Cholet

‘France had a reputation of being big in new ideas, but poor in marketing...

Textile industry, Head honchos

Textile industry
Head honchos

Quality should be the #1 priority

Textile industry, Head honchos

Textile industry
Head honchos

Athleisure is the current buzzword in fashion

Marco Girola,

Marco Girola

With its commitment to innovation and deep technical expertise,...

Oliver Schmitz,

Oliver Schmitz

Germany-based Gmöhling is a leading manufacturer of aluminium containers...

Harsh Shah,

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Paolo Ocleppo, Sandvik Hyperion

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Silke Brand-Kirsch, Schlegel und Partner

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Johan Berlin, InvestKonsult Sweden AB

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

November 2019

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

Follow us on instagram


Follow Fibre2Fashion On

Advanced Search