Abercrombie & Fitch 2000 Annual Report Download - page 5

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(Thousands except per share and per square foot amounts, ratios and store and associate data)
Fiscal Year 2000* 1999 1998 1997 1996 1995* 1994
Summary of Operations
Net Sales $1,237,604 $1,030,858 $805,180 $513,109 $329,800 $232,415 $163,156
Gross Income $ 509,375 $ 450,383 $331,354 $191,890 $118,194 $076,550 $054,513
Operating Income $ 253,652 $ 242,064 $166,958 $084,125 $045,993 $023,798 $ 13,751
Operating Income as a
Percentage of Sales 20.5% 23.5% 20.7% 16.4% 13.9% 10.2% 8.4%
Net Income $ 158,133 $ 149,604 $102,062 $048,322 $024,674 $014,298 $ 8,251
Net Income as a
Percentage of Sales 12.8% 14.5% 12.7% 9.4% 7.5% 6.2% 5.1%
Per Share Results (1)
Net Income Per Basic Share $ 1.58 $000 1.45 $0000.99 $0000.47 $0000.27 $000 .17 $000 .10
Net Income Per Diluted Share $ 1.55 $0000 1.39 $0000.96 $0000.47 $0000.27 $000 .17 $000 .10
Weighted Average Diluted
Shares Outstanding 102,156 0 107,641 $106,202 0102,956 0$91,520 $086,000 $086,000
Other Financial Information
Total Assets $ 587,516 $ 458,166 $319,161 $183,238 $105,761 $ 87,693 $ 58,018
Return on Average Assets 30% 38% 41% 33% 26% 20% 15%
Capital Expenditures $ 153,481 $0 73,377 $037,483 $ 29,486 $ 24,323 $ 24,526 $ 12,603
Long-Term Debt –– – $ 50,000 $ 50,000 – –
Shareholders’ Equity (Deficit) $ 422,700 $ 311,094 $186,105 $ 58,775 $ 11,238 $ (22,622) $(37,070)
Comparable Store Sales Increase
(Decrease) (7%) 10% 35% 21% 13% 5% 15%
Retail Sales Per Average
Gross Square Foot $ 474 $00 0,505 $000,476 $ 370 $ 301 $ 286 $ 280
Stores and Associates at End of Year
Total Number of Stores Open 354 250 196 156 127 100 67
Gross Square Feet 2,849,000 2,174,000 1,791,000 1,522,000 1,229,000 962,000 665,000
Number of Associates 13,900 11,300 009,500 6,700 4,900 3,000 2,300
*Fifty-three week fiscal year.
(1) Per share amounts have been restated to reflect the two-for-one stock split on A&F’s Class A Common Stock, distributed on June 15, 1999.
FINANCIAL SUMMARY
Abercrombie &Fitch