Abercrombie & Fitch 1998 Annual Report Download - page 7

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(Thousands except per share and per square foot amounts, ratios and store and associate data)
Fiscal Year 1998 1997 1996 1995* 1994 1993 1992
Summary of Operations
Net Sales $815,804 $521,617 $335,372 $235,659 $165,463 $110,952 $085,301
Gross Income $343,951 $201,080 $123,766 $079,794 $056,820 $030,562 $013,413
Operating Income (Loss) $166,958 $084,125 $045,993 $023,798 $013,751 $0(4,064) $(10,190)
Operating Income (Loss) as a
Percentage of Sales 20.5% 16.1% 13.7% 10.1% 8.3% (3.7%) (11.9%)
Net Income (Loss) $102,062 $048,322 $024,674 $014,298 $008,251 $0(2,464) $ (6,090)
Net Income (Loss) as a
Percentage of Sales 12.5% 9.3% 7.4% 6.1% 5.0% (2.2%) (7.1%)
Per Share Results
Net Income (Loss) Per Basic Share $ 1.98 $0000.95 $0000.54 $0000.33 $0000.19 $000(.06) $000(.14)
Net Income (Loss) Per Diluted Share $ 1.92 $0000.94 $0000.54 $0000.33 $0000.19 $000(.06) $000(.14)
Weighted Average Diluted
Shares Outstanding 53,101 0051,478 $045,760 0043,000 0$43,000 $043,000 $043,000
Other Financial Information
Total Assets $319,161 $183,238 $105,761 $ 87,693 $ 58,018 $ 48,882 $ 61,626
Return on Average Assets 41% 33% 26% 20% 15% (4%) (11%)
Capital Expenditures $ 41,876 $029,486 $024,323 $ 24,526 $ 12,603 $ 4,694 $ 10,351
Long-Term Debt –$050,000 $050,000 ––––
Shareholders’ Equity (Deficit) $186,105 $058,775 $011,238 $(22,622) $(37,070) $(45,341) $(42,877)
Comparable Store Sales Increase 35% 21% 13% 5% 15% 6% 8%
Retail Sales per Average
Gross Square Foot $ 483 $000,376 $000,306 $ 290 $ 284 $ 243 $ 221
Stores and Associates at End of Year
Total Number of Stores Open 196 156 127 100 67 49 40
Gross Square Feet 1,791,000 1,522,000 1,229,000 962,000 665,000 499,000 415,000
Number of Associates 9,500 6,700 004,900 3,000 2,300 1,300 900
*Fifty-three week fiscal year.
13
FINANCIAL SUMMARY
Abercrombie &Fitch Co.