Abercrombie & Fitch 1998 Annual Report Download - page 23

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29
11. QUARTERLY FINANCIAL DATA (UNAUDITED) Summ-
arized quarterly financial results for 1998 and 1997 follow
(thousands except per share amounts):
1998 Quarter First Second Third Fourth
Net sales $134,230 $147,127 $229,869 $304,578
Gross income 49,211 55,194 89,444 150,102
Net income 6,308 10,598 24,943 60,213
Net income per basic share $.12 $.21 $.48 $1.17
Net income per diluted share $.12 $.20 $.47 $1.12
1997 Quarter
Net sales $74,316 $86,640 $148,516 $212,145
Gross income 23,941 27,786 52,990 96,363
Net income 565 2,053 10,403 35,301
Net income per basic share $.01 $.04 $.20 $.69
Net income per diluted share $.01 $.04 $.20 $.68
MARKET PRICE INFORMATION The following is a summary
of the Company’s market price on the New York Stock Exchange
(“ANF”) for the fiscal years ending 1998 and 1997:
Market Price
High Low
1998 Fiscal Year
4th Quarter $763⁄4 $4113⁄16
3rd Quarter $5315⁄16 $323⁄4
2nd Quarter $483⁄4$3911⁄16
1st Quarter $471⁄2 $313⁄16
1997 Fiscal Year
4th Quarter $3411⁄16 $2511⁄16
3rd Quarter $271⁄4$191⁄4
2nd Quarter $201⁄2$153⁄4
1st Quarter $175⁄8$127⁄8
On January 30, 1999, there were approximately 6,700 share-
holders of record. However, when including active associates who
participate in the Company’s stock purchase plan, associates who
own shares through Company sponsored retirement plans and
others holding shares in broker accounts under street name, the
Company estimates the shareholder base at approximately 60,000.
Abercrombie &Fitch Co.