On May 23, Abercrombie & Fitch
- Total revenue increased by 13%. Comps decreased across the board, leaving new stores responsible for all of the company's growth (and then some).
- The teen-focused clothier opened its first European flagship store in London. For fiscal 2007, A&F expects to increase its gross retail square footage by approximately 11%-12% by adding 10 new Abercrombie & Fitch stores, 29 new abercrombie stores, 69 new Hollister stores, and nine new RUEHL stores.
- For the first half of fiscal 2007, A&F expects $1.47 to $1.52 in net income per diluted share.
(Figures in millions, except per-share data.)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$742.4 |
$657.3 |
13% |
|
Net Profit |
$60.1 |
$56.2 |
6.8% |
|
EPS |
$0.65 |
$0.62 |
4.8% |
|
Diluted Shares |
92.3 |
91.3 |
1.1% |
Get back to basics with the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
65.6% |
65.4% |
0.2 |
|
Operating Margin |
12.5% |
12.8% |
(0.3) |
|
Net Margin |
8.1% |
8.6% |
(0.5) |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$342.0 |
$429.2 |
(20.3%) |
|
Accounts Rec. |
$49.1 |
$33.8 |
45.1% |
|
Inventory |
$401.8 |
$336.7 |
19.3% |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable* |
$111.8 |
$125.5 |
(10.9%) |
|
Long-Term Debt |
$0.0 |
$0.0 |
N/A |
The balance sheet reflects the company's health.
Cash Flow Highlights
Abercrombie & Fitch's lack of a cash flow statement is anything but fashionable.
Free cash flow is a Fool's best friend.
Related Foolishness:
- Before the Call: Abercrombie at the Gate
- Hey Abercrombie, Welcome to the Club
- Urban Outfitters' Positive Direction
Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.
