Abercrombie & Fitch 2007 Annual Report Download - page 7

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11
FINANCIAL SUMMARY
(Thousands, except per share, per square foot amounts, ratios and store and associate data)
FISCAL YEAR 2007 2006* 2005 2004 2003
SUMMARY OF OPERATIONS
Net Sales $3,749,847 $ 3,318,158 $2,784,711 $ 2,021,253 $1,707,810
Gross Profit $2,511,367 $ 2,209,006 $1,851,416 $1,341,224 $1,083,170
Operating Income $ 740,497 $ 658,090 $ 542,738 $ 347,635 $ 331,180
Operating Income as a
Percentage of Net Sales 19.7% 19.8% 19.5% 17.2% 19.4%
Net Income $ 475,697 $ 422,186 $ 333,986 $ 216,376 $ 204,830
Net Income as a
Percentage of Net Sales 12.7% 12.7% 12.0% 10.7% 12.0%
Dividends Declared Per Share $ 0.70 $ 0.70
$ 0.60 $ 0.50 –
NET INCOME PER WEIGHTED-AVERAGE
SHARE RESULTS
Basic $ 5.45 $
4.79 $ 3.83 $ 2.33 $ 2.12
Diluted $ 5.20 $ 4.59 $ 3.66 $ 2.28 $ 2.06
Diluted Weighted-Average
Shares Outstanding 91,523 92,010 91,221 95,110 99,580
OTHER FINANCIAL INFORMATION
Total Assets $2,567,598 $ 2,248,067 $1,789,718 $ 1,386,791 $ 1,401,369
Return on Average Assets 20% 21% 21% 16% 16%
Net Cash Provided from Operations $ 817,825 $ 582,171 $ 453,590 $ 423,784 $ 340,814
Capital Expenditures $ 403,345 $ 403,476 $ 256,422 $ 185,065 $ 159,777
Long-Term Debt – – – – –
Shareholders’ Equity $1,618,313 $ 1,405,297 $ 995,117 $ 669,326 $ 857,764
Return on Average Shareholders’ Equity 31% 35% 40% 28% 26%
Comparable Store Sales** (1)% 2% 26% 2% (9)%
Net Retail Sales Per Average
Gross Square Foot $ 489 $ 500 $ 464 $ 360 $ 345
STORES AT END OF YEAR AND AVERAGE ASSOCIATES
Total Number of Stores Open 1,035 944 851 788 700
Gross Square Feet 7,337,000 6,693,000 6,025,000 5,590,000 5,016,000
Average Number of Associates 94,600 80,100 69,100 48,500 30,200
* Fiscal 2006 was a fifty-three week year.
** A store is included in comparable store sales when it has been open as the same brand at least one year and its square footage has not been expanded or reduced by more than 20% within the past year. Note that Fiscal 2007 comparable
store sales are compared to store sales for the comparable fifty-two weeks ended February 3, 2007. Note that fiscal 2006 comparable store sales are compared to store sales for the comparable fifty-three weeks ended February 4, 2006.