Abercrombie & Fitch 2008 Annual Report Download - page 25

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Table of Contents
ITEM 6. SELECTED FINANCIAL DATA.
ABERCROMBIE & FITCH CO.
FINANCIAL SUMMARY
2008 2007 2006* 2005 2004
(Thousands, except per share and per square foot amounts, ratios and store and associate data)
Fiscal Year
Summary of Operations
Net Sales $ 3,540,276 $ 3,749,847 $ 3,318,158 $ 2,784,711 $ 2,021,253
Gross Profit $ 2,361,692 $ 2,511,367 $ 2,209,006 $ 1,851,416 $ 1,341,224
Operating Income $ 439,386 $ 740,497 $ 658,090 $ 542,738 $ 347,635
Operating Income as a
Percentage of Net Sales 12.4% 19.7% 19.8% 19.5% 17.2%
Net Income $ 272,255 $ 475,697 $ 422,186 $ 333,986 $ 216,376
Net Income as a
Percentage of Net Sales 7.7% 12.7% 12.7% 12.0% 10.7%
Dividends Declared Per
Share $ 0.70 $ 0.70 $ 0.70 $ 0.60 $ 0.50
Net Income Per
Weighted-Average
Share
Results
Basic $ 3.14 $ 5.45 $ 4.79 $ 3.83 $ 2.33
Diluted $ 3.05 $ 5.20 $ 4.59 $ 3.66 $ 2.28
Diluted Weighted-Average
Shares Outstanding 89,291 91,523 92,010 91,221 95,110
Other Financial
Information
Total Assets $ 2,848,181 $ 2,567,598 $ 2,248,067 $ 1,789,718 $ 1,386,791
Return on Average Assets 10% 20% 21% 21% 16%
Working Capital $ 635,028 $ 597,142 $ 581,451 $ 455,530 $ 241,572
Current Ratio 2.41 2.10 2.14 1.93 1.56
Net Cash Provided from
Operations $ 490,836 $ 817,524 $ 582,171 $ 453,590 $ 423,784
Capital Expenditures $ 367,602 $ 403,345 $ 403,476 $ 256,422 $ 185,065
Long-Term Debt $ 100,000 — — — —
Shareholders’ Equity $ 1,845,578 $ 1,618,313 $ 1,405,297 $ 995,117 $ 669,326
Return on Average
Shareholders’ Equity 16% 31% 35% 40% 28%
Comparable Store Sales** (13)% (1)% 2% 26% 2%
Net Retail Sales Per
Average Gross Square
Foot $ 425 $ 489 $ 500 $ 464 $ 360
Stores at End of Year
and Average
Associates
Total Number of Stores
Open 1,125 1,035 944 851 788
Gross Square Feet 8,022,000 7,337,000 6,693,000 6,025,000 5,590,000
Average Number of
Associates 96,200 94,600 80,100 69,100 48,500
* 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 2006 comparable store sales are compared to store sales for the comparable
fifty-three weeks ended February 4, 2006.
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Source: ABERCROMBIE & FITCH CO /DE/, 10-K, March 27, 2009 Powered by Morningstar® Document Research℠