EX-99.2 3 q12014quarterlyhistory.htm ADDITIONAL UNAUDITED QUARTERLY AND FISCAL FINANCIAL YEAR INFORMATION Q1 2014 Quarterly History


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Abercrombie & Fitch Co.
Financial Information
(Unaudited)
(in thousands, except per share data and store data)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fiscal 2013
 
Fiscal 2014
 
 
2010
 
2011
 
2012
 
Q1
Q2
Q3
Q4
2013
 
Q1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Sales
 
$
3,468,777

 
$
4,158,058

 
$
4,510,805

 
$
838,769

$
945,698

$
1,033,293

$
1,299,137

$
4,116,897

 
$
822,428

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost of Goods Sold
 
1,251,348

 
1,607,834

 
1,694,096

 
285,603

341,576

382,253

532,030

1,541,462

 
310,769

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross Profit
 
2,217,429

 
2,550,224

 
2,816,709

 
553,166

604,122

651,040

767,107

2,575,435

 
511,659

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Stores and Distribution Expense
 
1,538,870

 
1,820,226

 
1,980,510

 
449,125

471,722

481,233

505,607

1,907,687

 
417,571

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Marketing, General and Administrative Expense
 
400,804

 
437,120

 
473,883

 
118,780

117,646

126,750

118,608

481,784

 
123,581

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Restructuring Charges
 
—

 
—

 
—

 
—

—

44,708

36,792

81,500

 
5,633

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Asset Impairment Charges
 
50,631

 
68,022

 
7,407

 
—

—

43,571

3,144

46,715

 
—

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

 
(19,333
)
 
(818
)
(4,411
)
(9,851
)
(7,994
)
(23,074
)
 
(3,620
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating Income (Loss)
 
237,180

 
221,384

 
374,233

 
(13,921
)
19,165

(35,370
)
110,950

80,823

 
(31,506
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest (Income) Expense, Net
 
3,362

 
3,577

 
7,288

 
1,628

1,750

1,655

2,513

7,546

 
1,997

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (Loss) from Continuing Operations Before Taxes
 
233,818

 
217,807

 
366,945

 
(15,549
)
17,415

(37,025
)
108,437

73,277

 
(33,503
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Tax Expense (Benefit) for Continuing Operations
 
78,109

 
74,669

 
129,934

 
(8,346
)
6,045

(21,381
)
42,331

18,649

 
(9,832
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Income (Loss) from Continuing Operations
 
155,709

 
143,138

 
237,011

 
(7,203
)
11,370

(15,644
)
66,106

54,628

 
(23,671
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net (Loss) Income from Discontinued Operations (Net of Taxes)
 
—

 
796

 
—

 
—

—

—

—

—

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Income (Loss)
 
155,709

 
143,934

 
237,011

 
(7,203
)
11,370

(15,644
)
66,106

54,628

 
(23,671
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 




 
 
 
 
 
 
 
 
Fiscal 2013
 
Fiscal 2014
 
 
2010
 
2011
 
2012
 
Q1
Q2
Q3
Q4
YTD
 
Q1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Basic
 
$
1.77

 
$
1.65

 
$
2.89

 
$
(0.09
)
$
0.15

$
(0.20
)
$
0.86

$
0.71

 
$
(0.32
)
 Diluted
 
$
1.73

 
$
1.60

 
$
2.85

 
$
(0.09
)
$
0.14

$
(0.20
)
$
0.85

$
0.69

 
$
(0.32
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net (Loss) Income Per Share from Discontinued Operations:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Basic
 
$
—

 
$
0.01

 
$
—

 
$
—

$
—

$
—

$
—

$
—

 
$
—

 Diluted
 
$
—

 
$
0.01

 
$
—

 
$
—

$
—

$
—

$
—

$
—

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Income (Loss) Per Share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Basic
 
$
1.77

 
$
1.66

 
$
2.89

 
$
(0.09
)
$
0.15

$
(0.20
)
$
0.86

$
0.71

 
$
(0.32
)
 Diluted
 
$
1.73

 
$
1.61

 
$
2.85

 
$
(0.09
)
$
0.14

$
(0.20
)
$
0.85

$
0.69

 
$
(0.32
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted-Average Shares Outstanding:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Basic
 
88,061
 
86,848
 
81,940
 
78,324
77,382
76,456
76,467
77,157
 
74,483
 Diluted
 
89,851
 
89,537
 
83,175
 
78,324

79,267
76,456
77,568
78,666
 
74,483
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Comparable Store Sales
 
7
%
 
5
%
 
(5
)%
 
(17
)%
(14
)%
(18
)%
(16
)%
(16
)%
 
(11
)%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Comparable Direct-to-Consumer Sales
 
 
 
 
 
24
 %
 
(6
)%
14
 %
11
 %
24
 %
13
 %
 
27
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Comparable Sales (1)
 
 
 
 
 
(1
)%
 
(15
)%
(10
)%
(14
)%
(8
)%
(11
)%
 
(4
)%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Actual Shares Outstanding
 
87,246
 
85,638
 
78,445
 
78,306
76,384
76,395
76,402
76,402

 
72,775

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Number of Stores - End of Period (2)
 
1,069
 
1,045
 
1,041
 
1,042
1,044
1,049
1,006
1,006

 
999

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Gross Square Feet - End of Period
 
7,756
 
7,778
 
7,958
 
7,970
8,006
8,069
7,736
7,736

 
7,682


(1) Includes comparable store and direct-to-consumer sales.
(2) Prior period store counts have been restated to count multi-brand outlet stores as a single store.