EX-99.2 3 q22013quarterlyhistory.htm EXHIBIT 99.2 Q2 2013 Quarterly history


Abercrombie & Fitch Co.
 
 
Financial Information
 
 
(Unaudited)
 
 
(in thousands, except per share data and store data)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fiscal 2012
 
Fiscal 2013
 
 
2009 (1)

 
2010
 
2011
 
Q1
Q2
Q3
Q4
YTD
 
Q1
Q2
YTD
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Sales
 
$
2,928,626

 
$
3,468,777

 
$
4,158,058

 
$
921,218

$
951,407

$
1,169,649

$
1,468,531

$
4,510,805

 
$
838,769

$
945,698

$
1,784,467

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost of Goods Sold
 
1,045,028

 
1,251,348

 
1,607,834

 
380,126

358,956

417,135

537,879

1,694,096

 
285,603

341,576

627,178

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross Profit
 
1,883,598

 
2,217,429

 
2,550,224

 
541,092

592,451

752,514

930,652

2,816,709

 
553,166

604,122

1,157,289

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Stores and Distribution Expense
 
1,425,950

 
1,589,501

 
1,888,248

 
455,732

458,085

496,942

577,167

1,987,926

 
449,125

471,722

920,848

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Marketing, General and Administrative Expense
 
353,269

 
400,804

 
437,120

 
116,889

111,293

123,381

122,321

473,883

 
118,780

117,646

236,425

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Operating (Income) Expense, Net
 
(13,533
)
 
(10,056
)
 
3,472

 
(2,584
)
(1,933
)
(1,154
)
(13,663
)
(19,333
)
 
(818
)
(4,411
)
(5,228
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating Income (Loss)
 
117,912

 
237,180

 
221,384

 
(28,945
)
25,006

133,345

244,827

374,233

 
(13,921
)
19,165

5,244

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest (Income) Expense, Net
 
(1,598
)
 
3,362

 
3,577

 
1,089

1,546

1,584

3,069

7,288

 
1,628

1,750

3,378

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (Loss) from Continuing Operations Before Taxes
 
119,510

 
233,818

 
217,807

 
(30,034
)
23,460

131,761

241,758

366,945

 
(15,549
)
17,415

1,866

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Tax Expense (Benefit) for Continuing Operations
 
40,557

 
78,109

 
74,669

 
(8,729
)
6,409

47,725

84,529

129,934

 
(8,346
)
6,045

(2,301
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Income (Loss) from Continuing Operations
 
78,953

 
155,709

 
143,138

 
(21,305
)
17,051

84,036

157,229

237,011

 
(7,203
)
11,370

4,167

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net (Loss) Income from Discontinued Operations (Net of Taxes)
 
(78,699
)
 
—

 
796

 
—

—

—

—

—

 
—

—

$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Income (Loss)
 
254

 
155,709

 
143,934

 
(21,305
)
17,051

84,036

157,229

237,011

 
(7,203
)
11,370

$
4,167

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Income (Loss) Per Share from Continuing Operations:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Basic
 
$
0.90

 
$
1.77

 
$
1.65

 
$
(0.25
)
$
0.21

$
1.03

$
1.99

$
2.89

 
$
(0.09
)
$
0.15

$
0.05

 Diluted
 
$
0.89

 
$
1.73

 
$
1.60

 
$
(0.25
)
$
0.20

$
1.02

$
1.95

$
2.85

 
$
(0.09
)
$
0.14

$
0.05

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 




Net (Loss) Income Per Share from Discontinued Operations:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Basic
 
$
(0.90
)
 
$
—

 
$
0.01

 
$
—

$
—

$
—

$
—

$
—

 
$
—

$
—

$
—

 Diluted
 
$
(0.89
)
 
$
—

 
$
0.01

 
$
—

$
—

$
—

$
—

$
—

 
$
—

$
—

$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Income (Loss) Per Share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Basic
 
$
—

 
$
1.77

 
$
1.66

 
$
(0.25
)
$
0.21

$
1.03

$
1.99

$
2.89

 
$
(0.09
)
$
0.15

$
0.05

 Diluted
 
$
—

 
$
1.73

 
$
1.61

 
$
(0.25
)
$
0.20

$
1.02

$
1.95

$
2.85

 
$
(0.09
)
$
0.14

$
0.05

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted-Average Shares Outstanding:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Basic
 
87,874
 
88,061
 
86,848
 
84,593
82,555
81,669
78,944
81,940
 
78,324
77,382
77,853
 Diluted
 
88,609
 
89,851
 
89,537
 
84,593

83,441
82,522
80,554
83,175
 
78,324
79,267
79,709
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Comparable Sales (2)
 
 
 
 
 
 
 
1
%
(6
)%
0
%
(1
)%
(1
)%
 
(15
)%
(10
)%
(12
)%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Actual Shares Outstanding
 
87,985
 
87,246
 
85,638
 
82,542
82,567
79,557
78,445
78,445

 
78,306

76,384

76,384

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Number of Stores - End of Period
 
1,096
 
1,069
 
1,045
 
1,049
1,055
1,067
1,051
1,051

 
1,053

1,057

1,057

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Gross Square Feet - End of Period
 
7,848
 
7,756
 
7,778
 
7,840
7,900
8,041
7,958
7,958

 
7,970

8,006

8,006

(1) Reported results for periods prior to Fiscal 2010 have not been restated to reflect the change in accounting principle. The change is not determinable because the information necessary to determine the weighted-average cost using the cost method prior to that year is not available.
(2) Includes comparable store and direct-to-consumer sales.