Abercrombie & Fitch Reports Sales Results for the Nine-Week Period Ended January 4, 2014; Revised Earnings Guidance for the Full Year of Fiscal 2014
January 10, 2014 at 03:01 am IST
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Abercrombie & Fitch Co. reported performance for the nine-week period ended January 4, 2014. Total comparable sales for the nine weeks ended January 4, 2014, including direct-to-consumer sales, decreased 6% with comparable U.S. sales decreasing 4% and comparable international sales decreasing 10%. Total direct-to-consumer comparable sales increased 25%. Comparable sales are compared to the nine-week period ended January 5, 2013.
Based on higher than expected sales for the fourth quarter-to-date and ongoing cost reduction efforts, the Company now expects full year adjusted non-GAAP earnings per diluted share to be in the range of $1.55 to $1.65, compared to prior guidance of $1.40 to $1.50. This updated projection assumes January comparable sales below the quarter-to-date trend reflecting a stronger prior year comparable sales base.
Abercrombie & Fitch Co., through its subsidiaries, is a global, digitally led omnichannel retailer. The Company offers a range of assortment of apparel, personal care products and accessories for men, women, and kids, which are sold primarily through its Company-owned stores and digital channels, as well as through various third-party arrangements. The Companyâs brands include Abercrombie brands, which includes Abercrombie & Fitch and abercrombie kids, and Hollister brands, which includes Hollister and Gilly Hicks. Its geographic segments include Americas, EMEA, and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa. The APAC segment includes operations in the Asia-Pacific region, including Asia and Oceania. The Company operates 40 international franchise stores across the Companyâs brands primarily located within the Americas and EMEA region.
ABERCROMBIE & FITCH CO. 
