Abercrombie & Fitch 2002 Annual Report Download - page 6

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(Thousands except per share and per square foot amounts, ratios and store and associate data)
Fiscal Year 2002 2001 2000* 1999 1998
Summary of Operations
Net Sales $1,595,757 $1,364,853 $1,237,604 $1,030,858 $805,180
Gross Income $ 656,049 $ 558,034 $ 509,375 $ 450,383 $331,354
Operating Income $ 312,617 $ 271,458 $ 253,652 $ 242,064 $166,958
Operating Income as a
Percentage of Net Sales 19.6% 19.9% 20.5% 23.5% 20.7%
Net Income $ 194,935 $ 168,672 $ 158,133 $ 149,604 $102,062
Net Income as a
Percentage of Net Sales 12.2% 12.4% 12.8% 14.5% 12.7%
Per Share Results (1)
Net Income Per Basic Share $ 1.99 $000 1.70 $000 1.58 $00 0 1.45 $0000.99
Net Income Per Diluted Share $ 1.94 $0000 1.65 $00 01.55 $00 0 1.39 $0000.96
Weighted Average Diluted
Shares Outstanding 100,631 0 102,524 $102,156 0107,641 106,202
Other Financial Information
Total Assets $ 994,822 $ 770,546 $ 589,577 $ 458,166 $319,161
Return on Average Assets 22% 25% 30% 38% 41%
Capital Expenditures $ 92,976 $0126,515 $0153,481 $ 073,377 $ 37,483
Long-Term Debt –––––
Shareholders’ Equity $ 749,527 $ 595,434 $ 422,700 $ 311,094 $186,105
Return on Average Shareholders’ Equity 29% 33% 43% 60% 83%
Comparable Store Sales Increase
(Decrease) (5%) (9%) (7%) 10% 35%
Retail Sales Per Average
Gross Square Foot $ 379 $00 0,401 $000 , 474 $ 505 $ 476
Stores and Associates at End of Year
Total Number of Stores Open 597 491 354 250 196
Gross Square Feet 4,358,000 3,673,000 2,849,000 2,174,000 1,791,000
Number of Associates 22,000 16,700 13,900 11,300 9,500
*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
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