On Nov. 14, Abercrombie & Fitch (NYSE:ANF) released third-quarter earnings for the period ended Oct. 28.

  • Net sales increased 22.5% to $863.4 million because of a 5% increase in total comparable-store sales.

  • Gross margins were down 20 basis points, mostly because of a higher markdown rate versus last year.

  • Abercrombie is currently rated as a three-star stock in the Motley Fool CAPS database. Join the service for free today, and add your rating to the community!

(Figures in millions, except per-share data)

Income Statement Highlights

Q3 2006

Q3 2005

Change

Sales

$863.4

$704.9

22.5%

Net Profit

$102.0

$71.6

42.5%

EPS

$1.11

$0.79

40.5%

Diluted Shares

92.1

90.5

1.9%



Get back to basics with a look at the income statement.

Margin Checkup

Q3 2006

Q3 2005

Change*

Gross Margin

65.8%

66.0%

(0.2)

Operating Margin

18.9%

16.4%

2.4

Net Margin

11.8%

10.2%

1.7

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q3 2006

Q3 2005

Change

Cash + ST Invest.

$374.4

$277.8

34.7%

Accounts Rec.

$59.5

$29.6

100.8%

Inventory

$431.0

$415.6

3.7%



Liabilities

Q3 2006

Q3 2005

Change

Accounts Payable

$178.7

$167.7

6.5%

Long-Term Debt

$0.0

$0.0

N/A



Learn the ways of the balance sheet.

Cash Flow Highlights
Not provided. (Lame.)

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Related Companies:

  • Nordstrom (NYSE:JWN)
  • Limited Brands (NYSE:LTD)
  • Ross Stores (NASDAQ:ROST)
  • American Eagle Outfitters (NASDAQ:AEOS)

Related Foolishness:

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