Exhibit 99.2
Abercrombie & Fitch Co.
Quarterly Financial Information
(Unaudited)
(in thousands, except per share data and store data)
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| | | | | | | | | | | Fiscal 2011 | | | Fiscal 2012 | |
| | 2008 | | | 2009 | | | 2010 | | | Q1 | | | Q2 | | | Q3 | | | Q4 | | | YTD | | | Q1 | |
Net Sales | | $ | 3,484,058 | | | $ | 2,928,626 | | | $ | 3,468,777 | | | $ | 836,674 | | | $ | 916,763 | | | $ | 1,075,856 | | | $ | 1,328,766 | | | $ | 4,158,058 | | | $ | 921,218 | |
Cost of Goods Sold | | | 1,152,963 | | | | 1,045,028 | | | | 1,256,596 | | | | 293,013 | | | | 333,721 | | | | 429,334 | | | | 583,120 | | | | 1,639,188 | | | | 344,859 | |
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Gross Profit | | | 2,331,095 | | | | 1,883,598 | | | | 2,212,181 | | | | 543,661 | | | | 583,042 | | | | 646,522 | | | | 745,646 | | | | 2,518,870 | | | | 576,359 | |
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Total Stores and Distribution Expense | | | 1,436,363 | | | | 1,425,950 | | | | 1,589,501 | | | | 399,101 | | | | 425,325 | | | | 461,683 | | | | 602,140 | | | | 1,888,248 | | | | 455,732 | |
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Total Marketing, General and Administrative Expense | | | 405,248 | | | | 353,269 | | | | 400,804 | | | | 107,651 | | | | 109,999 | | | | 107,844 | | | | 111,627 | | | | 437,120 | | | | 116,889 | |
Other Operating (Income) Expense, Net | | | (8,778 | ) | | | (13,533 | ) | | | (10,056 | ) | | | (1,836 | ) | | | 544 | | | | (2,855 | ) | | | 7,619 | | | | 3,472 | | | | (2,584 | ) |
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Operating Income | | | 498,262 | | | | 117,912 | | | | 231,932 | | | | 38,745 | | | | 47,174 | | | | 79,850 | | | | 24,260 | | | | 190,030 | | | | 6,322 | |
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Interest (Income) Expense, Net | | | (11,382 | ) | | | (1,598 | ) | | | 3,362 | | | | 950 | | | | 985 | | | | 533 | | | | 1,108 | | | | 3,577 | | | | 1,089 | |
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Income from Continuing Operations Before Taxes | | | 509,644 | | | | 119,510 | | | | 228,570 | | | | 37,795 | | | | 46,189 | | | | 79,317 | | | | 23,152 | | | | 186,453 | | | | 5,233 | |
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Tax Expense for Continuing Operations | | | 201,475 | | | | 40,557 | | | | 78,287 | | | | 13,450 | | | | 14,158 | | | | 28,412 | | | | 3,572 | | | | 59,591 | | | | 2,248 | |
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Net Income from Continuing Operations | | | 308,169 | | | | 78,953 | | | | 150,283 | | | | 24,345 | | | | 32,031 | | | | 50,905 | | | | 19,580 | | | | 126,862 | | | | 2,985 | |
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Net Income (Loss) from Discontinued Operations (Net of Taxes) | | | (35,914 | ) | | | (78,699 | ) | | | — | | | | 796 | | | | — | | | | — | | | | — | | | | 796 | | | | — | |
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Net Income | | $ | 272,255 | | | $ | 254 | | | $ | 150,283 | | | $ | 25,141 | | | $ | 32,031 | | | $ | 50,905 | | | $ | 19,580 | | | $ | 127,658 | | | $ | 2,985 | |
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Net Income Per Share from Continuing Operations: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Basic | | $ | 3.55 | | | $ | 0.90 | | | $ | 1.71 | | | $ | 0.28 | | | $ | 0.37 | | | $ | 0.59 | | | $ | 0.23 | | | $ | 1.46 | | | $ | 0.04 | |
Diluted | | $ | 3.45 | | | $ | 0.89 | | | $ | 1.67 | | | $ | 0.27 | | | $ | 0.35 | | | $ | 0.57 | | | $ | 0.22 | | | $ | 1.42 | | | $ | 0.03 | |
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Net (Loss) Income Per Share from Discontinued Operations: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Basic | | $ | (0.41 | ) | | $ | (0.90 | ) | | $ | — | | | $ | 0.01 | | | $ | — | | | $ | — | | | $ | — | | | $ | 0.01 | | | $ | — | |
Diluted | | $ | (0.40 | ) | | $ | (0.89 | ) | | $ | — | | | $ | 0.01 | | | $ | — | | | $ | — | | | $ | — | | | $ | 0.01 | | | $ | — | |
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Net Income Per Share: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Basic | | $ | 3.14 | | | $ | — | | | $ | 1.71 | | | $ | 0.29 | | | $ | 0.37 | | | $ | 0.59 | | | $ | 0.23 | | | $ | 1.47 | | | $ | 0.04 | |
Diluted | | $ | 3.05 | | | $ | — | | | $ | 1.67 | | | $ | 0.28 | | | $ | 0.35 | | | $ | 0.57 | | | $ | 0.22 | | | $ | 1.43 | | | $ | 0.03 | |
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Weighted-Average Shares Outstanding: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Basic | | | 86,816 | | | | 87,874 | | | | 88,061 | | | | 87,282 | | | | 87,267 | | | | 86,962 | | | | 85,881 | | | | 86,848 | | | | 84,593 | |
Diluted | | | 89,291 | | | | 88,609 | | | | 89,851 | | | | 90,441 | | | | 90,353 | | | | 89,707 | | | | 87,648 | | | | 89,537 | | | | 86,184 | |
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Comparable Store Sales | | | -13 | % | | | -23 | % | | | 7 | % | | | 10 | % | | | 9 | % | | | 7 | % | | | 0 | % | | | 5 | % | | | -5 | % |
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Actual Shares Outstanding | | | 87,636 | | | | 87,986 | | | | 87,246 | | | | 87,377 | | | | 86,966 | | | | 87,158 | | | | 85,638 | | | | 85,638 | | | | 82,542 | |
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Number of Stores—End of Period | | | 1,097 | | | | 1,096 | | | | 1,069 | | | | 1,071 | | | | 1,073 | | | | 1,092 | | | | 1,045 | | | | 1,045 | | | | 1,049 | |
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Gross Square Feet—End of Period | | | 7,760 | | | | 7,848 | | | | 7,756 | | | | 7,738 | | | | 7,801 | | | | 7,967 | | | | 7,778 | | | | 7,778 | | | | 7,840 | |