-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QaffEW1HsD7TwFuKTuLdVS5MpKvmPZOgGwu73iiVuyWXptylH2FxB65qeTsNmmYL aUPihinT4hf8JD807hFzfw== 0000950152-07-004271.txt : 20070510 0000950152-07-004271.hdr.sgml : 20070510 20070510153839 ACCESSION NUMBER: 0000950152-07-004271 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20070510 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070510 DATE AS OF CHANGE: 20070510 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ABERCROMBIE & FITCH CO /DE/ CENTRAL INDEX KEY: 0001018840 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-FAMILY CLOTHING STORES [5651] IRS NUMBER: 311469076 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12107 FILM NUMBER: 07837463 BUSINESS ADDRESS: STREET 1: 6301 FITCH PATH CITY: NEW ALBANY STATE: OH ZIP: 43054 BUSINESS PHONE: 6145776500 MAIL ADDRESS: STREET 1: 6301 FITCH PATH CITY: NEW ALBANY STATE: OH ZIP: 43054 8-K 1 l26167ae8vk.htm ABERCROMBIE & FITCH CO. 8-K Abercrombie & Fitch Co. 8-K
 

 
 
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 10, 2007
ABERCROMBIE & FITCH CO.
(Exact name of registrant as specified in its charter)
         
Delaware   1-12107   31-1469076
         
(State or other jurisdiction
of incorporation) 		  (Commission File Number)   (IRS Employer Identification No.)
     
6301 Fitch Path, New Albany, Ohio   43054
(Address of principal executive offices)   (Zip Code)
(614) 283-6500
 
(Registrant’s telephone number, including area code)
Not Applicable
 
(Former name or former address,
if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 

 

Item 2.02. Results of Operations and Financial Condition.
     and
Item 7.01. Regulation FD Disclosure.
     On May 10, 2007, Abercrombie & Fitch Co. (the “Registrant”) issued a news release reporting net sales and comparable store sales for the four-week period ended May 5, 2007 and net sales and comparable store sales for the fiscal year-to-date. A copy of the May 10, 2007 news release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
     In connection with the May 10, 2007 news release, the Registrant made available by telephone a pre-recorded message addressing the Registrant’s net sales and comparable store sales for the four-week period ended May 5, 2007. To listen to this pre-recorded sales message, dial (800) 395-0662, or internationally, dial (402) 220-1262. A copy of the pre-recorded sales message transcript is furnished as Exhibit 99.2 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
     (a) through (c) Not applicable.
     (d) Exhibits:
     The following exhibits are furnished with this Current Report on Form 8-K:
     
Exhibit No.   Description
99.1
  News release issued by Abercrombie & Fitch Co. on May 10, 2007
 
    
99.2
  Transcript of pre-recorded message of Abercrombie & Fitch Co. addressing net sales and comparable store sales for four-week period ended May 5, 2007

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SIGNATURE
     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
  ABERCROMBIE & FITCH CO.
 		  
Dated: May 10, 2007  By:    /s/ Michael W. Kramer  
    Michael W. Kramer   
    Executive Vice President and Chief Financial Officer  
 

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INDEX TO EXHIBITS
Current Report on Form 8-K
Dated May 10, 2007
Abercrombie & Fitch Co.
     
Exhibit No.   Description
99.1
   News release issued by Abercrombie & Fitch Co. on May 10, 2007
 
    
99.2
   Transcript of pre-recorded message of Abercrombie & Fitch Co. addressing net sales and comparable store sales for four-week period ended May 5, 2007

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EX-99.1 2 l26167aexv99w1.htm EX-99.1 EX-99.1
 

Exhibit 99.1
ABERCROMBIE & FITCH REPORTS
APRIL SALES RESULTS
New Albany, Ohio, May 10, 2007: Abercrombie & Fitch (NYSE: ANF) today reported net sales of $204.6 million for the four-week period ended May 5, 2007 compared to net sales of $207.8 million for the four-week period ended April 29, 2006. April comparable store sales decreased 15% for the four-week period ended May 5, 2007, compared to the four-week period ended May 6, 2006. Total Company direct-to-consumer net sales increased 48% to $13.6 million for the four-week period ended May 5, 2007, compared to the four-week period ended April 29, 2006.
Year-to-date, the Company reported a net sales increase of 13% to $742.4 million from $657.3 million last year. Comparable store sales decreased 4% for the year-to-date period. Year-to-date, total Company direct-to-consumer net sales increased 43% to $43.5 million.
April 2007 Developments
  •   Total Company net sales $204.6 million
 
  •   Total Company direct-to-consumer net sales $13.6 million
 
  •   Total Company comparable store sales decreased 15%
 
  •   Abercrombie & Fitch comparable store sales decreased 13%
 
  •   abercrombie comparable store sales decreased 18%
 
  •   Hollister Co. comparable store sales decreased 17%
 
  •   RUEHL comparable store sales decreased 6%
The Company expects to report net income per diluted share of $0.64 to $0.65 for the first quarter of fiscal 2007. Despite difficult selling conditions, the Company expects to achieve its projected growth primarily through prudent expense management.
The Company operated 355 Abercrombie & Fitch stores, 180 abercrombie stores, 396 Hollister Co. stores and 16 RUEHL stores in the United States at the end of fiscal April. The Company operated three Abercrombie & Fitch stores and three Hollister Co. stores in Canada, and one Abercrombie & Fitch store in London, England. The Company operates e-commerce websites at www.abercrombie.com, www.abercrombiekids.com, and www.hollisterco.com.
To hear the Abercrombie & Fitch pre-recorded April sales message, please dial (800) 395-0662, or internationally, dial (402) 220-1262.
The Company will release its first quarter results on Wednesday, May 23, 2007, after the close of the market and hold its conference call at 4:30 PM Eastern Time. At that time the Company will provide additional information about its first quarter results. To listen to the conference call, dial (800) 811-0667 and ask for the Abercrombie & Fitch Quarterly Call or go to www.abercrombie.com. The international call-in number is (913) 981- 4901. 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 5786431 or through www.abercrombie.com.
# # # #
     
For further information, call:
  Thomas D. Lennox
 
  Vice President, Corporate Communications
 
  (614) 283-6751
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
A&F cautions that any forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995) contained in this Press Release or made by management of A&F involve risks and uncertainties and are subject to change based on various important factors, many of which may be beyond the Company’s control. Words such as “estimate,” “project,” “plan,” “believe,” “expect,” “anticipate,” “intend,” and similar expressions may identify forward-looking statements. The following factors, in addition to those included in the disclosure under the heading “FORWARD-LOOKING STATEMENTS AND RISK FACTORS” in “ITEM 1A. RISK FACTORS” of A&F’s Annual Report on Form 10-K for the fiscal year ended February 3, 2007, in some cases have affected and in the future could affect the Company’s financial performance and could cause actual results for the 2007 fiscal year and beyond to differ materially from those expressed or implied in any of the forward-looking statements included in this Press Release or otherwise made by management: changes in consumer spending patterns and consumer preferences; the effects of political and economic events and conditions domestically and in foreign jurisdictions in which the Company operates, including, but not limited to, acts of terrorism or war; the impact of competition and pricing; changes in weather patterns; postal rate increases and changes; paper and printing costs; market price of key raw materials; ability to source product from its global supplier base; political stability; currency and exchange risks and changes in existing or potential duties, tariffs or quotas; availability of suitable store locations at appropriate terms; ability to develop new merchandise; ability to hire, train and retain associates; and the outcome of pending litigation. Future economic and industry trends that could potentially impact revenue and profitability are difficult to predict. Therefore, there can be no assurance that the forward-looking statements included in this Press Release will prove to be accurate. In light of the significant uncertainties in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company, or any other person, that the objectives of the Company will be achieved. The forward-looking statements herein are based on information presently available to the management of the Company. Except as may be required by applicable law, the Company assumes no obligation to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized.

  EX-99.2 3 l26167aexv99w2.htm EX-99.2 EX-99.2

 

Exhibit 99.2
Abercrombie & Fitch
April 2007 Sales Release
Call Script
This is Tom Lennox, Vice President of Corporate Communications of Abercrombie & Fitch. The following is a summary of our sales results for the fiscal month ended May 5th, 2007.
Before I begin, I remind you that any forward-looking statements I may make are subject to the Safe Harbor Statement found in our SEC filings.
Net sales for the four-week period ended May 5th, 2007, were $204.6 million compared to $207.8 million for the four-week period ended April 29, 2006. Total Company direct-to-consumer net sales increased to $13.6 million for the four-week period ended May 5th, 2007, compared to $9.2 million for the four-week period ended April 29, 2006. April comparable store sales declined 15% for the four-week period ended May 5th, 2007, compared to last year’s four-week period ended May 6th, 2006.
April results reflect difficult selling conditions, including a shift in the Easter calendar, which as expected, reduced comps in April. Last year, Easter business fell in April, versus March this year. From a merchandising standpoint, across brands, tops continue to perform well, outperforming bottoms in each of the male and female businesses.
By brand, Abercrombie & Fitch comparable store sales decreased 13%. Men’s comps decreased by low double digits; women’s comps decreased by low teens. Transactions per store declined 10%; average transaction value increased 5%.
In the kids business, abercrombie, comparable store sales declined 18%. Boys comps declined by low twenties; girls comps declined by high teens. Transactions per store declined 17%; average transaction value was flat to last year.
Hollister comparable store sales declined 17%. Dudes comps declined by mid teens; Bettys comps declined by high teens. Transactions per store declined 16%; average transaction value declined 2%.
RUEHL comparable store sales declined 6%. Men’s comps declined by a high single digit; women’s comps declined by a mid single digit. Transactions per store declined 1%; average transaction value declined 6%.
By region, comps were best in the Northeast and weakest in the Southwest.
As contained in our April sales release, we expect to report net income per diluted share of $0.64 to $0.65 for the first quarter of Fiscal 2007. Despite difficult selling conditions, we expect to achieve our projected growth primarily through prudent expense management.
We will announce 1st quarter earnings on Wednesday, May 23rd, after close of the market followed by a conference call at 4:30 PM Eastern Time. To listen to the conference call dial (800) 811-0667 and ask for the Abercrombie & Fitch Quarterly Call or go to abercrombie.com. The international call-in number is (913) 981- 4901. 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 5786431 or through abercrombie.com.
Thank You.

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