2012-02-10 14:03:08 -
New Albany, Ohio, February 10, 2012: Abercrombie & Fitch Co. (NYSE: ANF) will
be holding its quarterly earnings conference call for all interested parties on
February 15(th), 2012, at 8:30 a.m. EST. The earnings press release is
scheduled to cross the wire shortly after 7:00 a.m. EST.
What: Abercrombie & Fitch Fourth Quarter Fiscal 2011 Earnings Call
When: 8:30 a.m. EST Wednesday, February 15(th), 2012
Where: www.abercrombie.com
How: Live over the internet: Log on to the web at the above address, select
the Investors page and click on Calendar of Events; or call:
Domestic Dial-In Number: 1-888-510-1768, ask for the Abercrombie & Fitch
quarterly call.
Domestic Replay Number: 1-888-203-1112, conference ID number 2794975
International Dial-In Number: 1-719-325-2145
International Replay Number: 1-719-457-0820, conference ID number 2794975
The call will be archived and can be accessed for two weeks following the
reporting date by calling either of the replay numbers listed above; or for 12
months by visiting the Company's website www.abercrombie.com.
An investor presentation of fourth quarter results will be available in the
"Investors" section of the Company's website at www.abercrombie.com at
approximately 8:00 AM, Eastern Time on Wednesday, February 15(th).
At the end of Fiscal 2011, the Company operated a total of 1,045 stores. The
Company operated 280 Abercrombie & Fitch stores, 154 abercrombie kids stores,
494 Hollister Co. stores and 18 Gilly Hicks stores in the United States. The
Company operated 14 Abercrombie & Fitch stores, five abercrombie kids stores,
77 Hollister Co. stores and three Gilly Hicks store internationally. The Company
operates e-commerce websites at www.abercrombie.com, www.abercrombiekids.com,
www.hollisterco.com andwww.gillyhicks.com.
For further information, call:
Eric Cerny
Senior Manager, Investor Relations
(614) 283-6385
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
A&F cautions that any forward-looking statements (as such term is defined in the
Private Securities Litigation Reform Act of 1995) contained in this Press
Release or made by management or spokespeople of A&F involve risks and
uncertainties and are subject to change based on various important factors, many
of which may be beyond the Company's control. Words such as "estimate,"
"project," "plan," "believe," "expect,"
"anticipate," "intend," and similar
expressions may identify forward-looking statements. Except as may be required
by applicable law, we assume no obligation to publicly update or revise our
forward-looking statements. The following factors, in addition to those
included in the disclosure under the heading " FORWARD-LOOKING STATEMENTS AND
RISK FACTORS" in "ITEM 1A. RISK FACTORS" of A&F's Annual Report on
Form 10-K for
the fiscal year ended January 29, 2011, in some cases have affected and in the
future could affect the Company's financial performance and could cause actual
results for the 2011 fiscal year and beyond to differ materially from those
expressed or implied in any of the forward-looking statements included in this
Press Release or otherwise made by management: changes in economic and financial
conditions, and the resulting impact on consumer confidence and consumer
spending, could have a material adverse effect on our business, results of
operations and liquidity; if we are unable to anticipate, identify and respond
to changing fashion trends and consumer preferences in a timely manner, and
manage our inventory commensurate with customer demand, our sales levels and
profitability may decline; fluctuations in the cost, availability and quality of
raw materials, labor and transportation, could cause manufacturing delays and
increase our costs; equity-based compensation awarded under the employment
agreement with our Chief Executive Officer could adversely impact our cash
flows, financial position or results of operations and could have a dilutive
effect on our outstanding Common Stock; our growth strategy relies significantly
on international expansion, which adds complexity to our operations and may
strain our resources and adversely impact current store performance; our
international expansion plan is dependent on a number of factors, any of which
could delay or prevent successful penetration into new markets or could
adversely affect the profitability of our international operations; our direct-
to-consumer sales are subject to numerous risks that could adversely impact
sales; we have incurred, and may continue to incur, significant costs related to
store closures; the costs associate with our development of a new brand concept
such as Gilly Hicks could have a material adverse effect on our financial
condition or results of operations; fluctuations in foreign currency exchange
rates could adversely impact our financial condition and results of operations;
our business could suffer if our information technology systems are disrupted or
cease to operate effectively; comparable store sales will continue to fluctuate
on a regular basis and impact the volatility of the price of our Common Stock;
our market share may be negatively impacted by increasing competition and
pricing pressures from companies with brands or merchandise competitive with
ours; our ability to attract customers to our stores depends, in part, on the
success of the shopping malls in which most of our stores are located; our net
sales fluctuate on a seasonal basis, causing our results of operations to be
susceptible to changes in Back-to-School and Holiday shopping patterns; our
inability to accurately plan for product demand and allocate merchandise
effectively could have a material adverse effect on our results; our failure to
protect our reputation could have a material adverse effect on our brands; we
rely on the experience and skills of our senior executive officers, the loss of
whom could have a material adverse effect on our business; interruption in the
flow of merchandise from our key vendors and international manufacturers could
disrupt our supply chain, which could result in lost sales and could increase
our costs; we do not own or operate any manufacturing facilities and, therefore,
depend upon independent third parties for the manufacture of all our
merchandise; our reliance on two distribution centers domestically and one
third-party distribution center internationally makes us susceptible to
disruptions or adverse conditions affecting our distribution centers; our
reliance on third parties to deliver merchandise from our distribution centers
to our stores and direct-to-consumer customers could result in disruptions to
our business; we may be exposed to risks and costs associated with credit card
fraud and identity theft that would cause us to incur unexpected expenses and
loss of revenues; modifications and/or upgrades to our information technology
systems may disrupt our operations; our facilities, systems and stores as well
as the facilities and systems of our vendors and manufacturers, are vulnerable
to natural disasters and other unexpected events, any of which could result in
an interruption in our business and adversely affect our operating results; our
litigation exposure could exceed expectations, having a material adverse effect
on our financial condition and results of operations; our inability or failure
to adequately protect our trademarks could have a negative impact on our brand
image and limit our ability to penetrate new markets; fluctuations in our tax
obligations and effective tax rate may result in volatility in our operating
results; the effects of war or acts of terrorism could have a material adverse
effect on our operating results and financial condition; our inability to obtain
commercial insurance at acceptable prices or our failure to adequately reserve
for self-insured exposures might increase our expenses and adversely impact our
financial results; reduced operating results and cash flows at the store level
may cause us to incur impairment charges; we are subject to customs,
advertising, consumer protection, privacy, zoning and occupancy and labor and
employment laws that could require us to modify our current business practices,
incur increased costs or harm our reputation if we do not comply; changes in the
regulatory or compliance landscape could adversely affect our business and
results of operations; our unsecured credit agreement includes financial and
other covenants that impose restrictions on our financial and business
operations; and our operations may be affected by regulatory changes related to
climate change and greenhouse gas emissions.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Abercrombie & Fitch Co via Thomson Reuters ONE
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