Exhibit 99.2
Abercrombie & Fitch Co.
Quarterly Financial Information
(Unaudited)
(in thousands, except per share data and store data)
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| | | | | | | | | | | Fiscal 2010 | | | Fiscal 2011 | | | Fiscal 2011 | | | Fiscal 2011 | | | Fiscal 2011 | | | Fiscal 2011 | |
| | 2007 | | | 2008 | | | 2009 | | | Q1 | | | Q2 | | | Q3 | | | Q4 | | | YTD | | | Q1 | | | Q2 | | | Q3 | | | Q4 | | | YTD | |
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Net Sales | | $ | 3,699,656 | | | $ | 3,484,058 | | | $ | 2,928,626 | | | $ | 687,804 | | | $ | 745,798 | | | $ | 885,778 | | | $ | 1,149,396 | | | $ | 3,468,777 | | | $ | 836,674 | | | $ | 916,763 | | | $ | 1,075,856 | | | $ | 1,328,766 | | | $ | 4,158,058 | |
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Cost of Goods Sold | | | 1,211,490 | | | | 1,152,963 | | | | 1,045,028 | | | | 256,388 | | | | 260,450 | | | | 321,346 | | | | 418,410 | | | | 1,256,596 | | | | 293,013 | | | | 333,721 | | | | 429,334 | | | | 583,120 | | | | 1,639,188 | |
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Gross Profit | | | 2,488,166 | | | | 2,331,095 | | | | 1,883,598 | | | | 431,416 | | | | 485,348 | | | | 564,432 | | | | 730,986 | | | | 2,212,181 | | | | 543,661 | | | | 583,042 | | | | 646,522 | | | | 745,646 | | | | 2,518,870 | |
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Total Stores and Distribution Expense | | | 1,344,178 | | | | 1,436,363 | | | | 1,425,950 | | | | 354,410 | | | | 364,482 | | | | 385,135 | | | | 485,475 | | | | 1,589,501 | | | | 399,101 | | | | 425,325 | | | | 461,683 | | | | 602,140 | | | | 1,888,248 | |
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Total Marketing, General and Administrative Expense | | | 376,780 | | | | 405,248 | | | | 353,269 | | | | 96,632 | | | | 95,206 | | | | 102,612 | | | | 106,354 | | | | 400,804 | | | | 107,651 | | | | 109,999 | | | | 107,844 | | | | 111,627 | | | | 437,120 | |
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Other Operating (Income) Expense, Net | | | (11,702 | ) | | | (8,778 | ) | | | (13,533 | ) | | | (914 | ) | | | (1,900 | ) | | | (1,692 | ) | | | (5,549 | ) | | | (10,056 | ) | | | (1,836 | ) | | | 544 | | | | (2,855 | ) | | | 7,619 | | | | 3,472 | |
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Operating Income (Loss) | | | 778,909 | | | | 498,262 | | | | 117,912 | | | | (18,712 | ) | | | 27,560 | | | | 78,377 | | | | 144,706 | | | | 231,932 | | | | 38,745 | | | | 47,174 | | | | 79,850 | | | | 24,260 | | | | 190,030 | |
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Interest (Income) Expense, Net | | | (18,827 | ) | | | (11,382 | ) | | | (1,598 | ) | | | 825 | | | | 807 | | | | 671 | | | | 1,058 | | | | 3,362 | | | | 950 | | | | 985 | | | | 533 | | | | 1,108 | | | | 3,577 | |
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Income (Loss) from Continuing Operations Before Taxes | | | 797,737 | | | | 509,644 | | | | 119,510 | | | | (19,537 | ) | | | 26,753 | | | | 77,706 | | | | 143,648 | | | | 228,570 | | | | 37,795 | | | | 46,189 | | | | 79,317 | | | | 23,152 | | | | 186,453 | |
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Tax Expense (Benefit) for Continuing Operations | | | 298,610 | | | | 201,475 | | | | 40,557 | | | | (7,709 | ) | | | 7,274 | | | | 27,666 | | | | 51,055 | | | | 78,287 | | | | 13,450 | | | | 14,158 | | | | 28,412 | | | | 3,572 | | | | 59,591 | |
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Net Income (Loss) from Continuing Operations | | | 499,127 | | | | 308,169 | | | | 78,953 | | | | (11,828 | ) | | | 19,479 | | | | 50,040 | | | | 92,593 | | | | 150,283 | | | | 24,345 | | | | 32,031 | | | | 50,905 | | | | 19,580 | | | | 126,862 | |
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Net Income (Loss) from Discontinued Operations (Net of Taxes) | | | (23,430 | ) | | | (35,914 | ) | | | (78,699 | ) | | | — | | | | — | | | | — | | | | — | | | | — | | | | 796 | | | | — | | | | — | | | | — | | | | 796 | |
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Net Income (Loss) | | $ | 475,697 | | | $ | 272,255 | | | $ | 254 | | | $ | (11,828 | ) | | $ | 19,479 | | | $ | 50,040 | | | $ | 92,593 | | | $ | 150,283 | | | $ | 25,141 | | | $ | 32,031 | | | $ | 50,905 | | | $ | 19,580 | | | $ | 127,658 | |
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Net Income (Loss) Per Share from Continuing Operations: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Basic | | $ | 5.72 | | | $ | 3.55 | | | $ | 0.90 | | | $ | (0.13 | ) | | $ | 0.22 | | | $ | 0.57 | | | $ | 1.06 | | | $ | 1.71 | | | $ | 0.28 | | | $ | 0.37 | | | $ | 0.59 | | | $ | 0.23 | | | $ | 1.46 | |
Diluted | | $ | 5.45 | | | $ | 3.45 | | | $ | 0.89 | | | $ | (0.13 | ) | | $ | 0.22 | | | $ | 0.56 | | | $ | 1.03 | | | $ | 1.67 | | | $ | 0.27 | | | $ | 0.35 | | | $ | 0.57 | | | $ | 0.22 | | | $ | 1.42 | |
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Net (Loss) Income Per Share from Discontinued Operations: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Basic | | $ | (0.27 | ) | | $ | (0.41 | ) | | $ | (0.90 | ) | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 0.01 | | | $ | — | | | $ | — | | | $ | — | | | $ | 0.01 | |
Diluted | | $ | (0.26 | ) | | $ | (0.40 | ) | | $ | (0.89 | ) | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 0.01 | | | $ | — | | | $ | — | | | $ | — | | | $ | 0.01 | |
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Net Income (Loss) Per Share: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Basic | | $ | 5.45 | | | $ | 3.14 | | | $ | — | | | $ | (0.13 | ) | | $ | 0.22 | | | $ | 0.57 | | | $ | 1.06 | | | $ | 1.71 | | | $ | 0.29 | | | $ | 0.37 | | | $ | 0.59 | | | $ | 0.23 | | | $ | 1.47 | |
Diluted | | $ | 5.20 | | | $ | 3.05 | | | $ | — | | | $ | (0.13 | ) | | $ | 0.22 | | | $ | 0.56 | | | $ | 1.03 | | | $ | 1.67 | | | $ | 0.28 | | | $ | 0.35 | | | $ | 0.57 | | | $ | 0.22 | | | $ | 1.43 | |
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Weighted-Average Shares Outstanding: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Basic | | | 87,248 | | | | 86,816 | | | | 87,874 | | | | 88,095 | | | | 88,220 | | | | 88,236 | | | | 87,691 | | | | 88,061 | | | | 87,282 | | | | 87,267 | | | | 86,962 | | | | 85,881 | | | | 86,848 | |
Diluted | | | 91,523 | | | | 89,291 | | | | 88,609 | | | | 88,095 | | | | 89,386 | | | | 90,069 | | | | 90,214 | | | | 89,851 | | | | 90,441 | | | | 90,353 | | | | 89,707 | | | | 87,648 | | | | 89,537 | |
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Comparable Store Sales | | | -1 | % | | | -13 | % | | | -23 | % | | | 1 | % | | | 5 | % | | | 7 | % | | | 13 | % | | | 7 | % | | | 10 | % | | | 9 | % | | | 7 | % | | | 0 | % | | | 5 | % |
Actual Shares Outstanding | | | 86,156 | | | | 87,055 | | | | 87,985 | | | | 88,197 | | | | 88,246 | | | | 87,811 | | | | 87,246 | | | | 87,246 | | | | 87,377 | | | | 86,966 | | | | 87,158 | | | | 85,638 | | | | 85,638 | |
Number of Stores — End of Period | | | 1,013 | | | | 1,097 | | | | 1,096 | | | | 1,100 | | | | 1,098 | | | | 1,106 | | | | 1,069 | | | | 1,069 | | | | 1,071 | | | | 1,073 | | | | 1,092 | | | | 1,045 | | | | 1,045 | |
Gross Square Feet — End of Period | | | 7,133 | | | | 7,760 | | | | 7,848 | | | | 7,876 | | | | 7,869 | | | | 7,940 | | | | 7,756 | | | | 7,756 | | | | 7,738 | | | | 7,801 | | | | 7,967 | | | | 7,778 | | | | 7,778 | |