Abercrombie & Fitch 2008 Annual Report Download - page 28

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Table of Contents
The following data represents the Company’s Consolidated Statements of Net Income for the last
three fiscal years, expressed as a percentage of net sales:
2008 2007 2006*
NET SALES 100.0% 100.0% 100.0%
Cost of Goods Sold 33.3 33.0 33.4
GROSS PROFIT 66.7 67.0 66.6
Stores and Distribution Expense 42.7 37.0 35.8
Marketing, General and Administrative Expense 11.9 10.6 11.3
Other Operating Income, Net (0.3) (0.3) (0.3)
OPERATING INCOME 12.4 19.7 19.8
Interest Income, Net (0.3) (0.5) (0.4)
INCOME BEFORE INCOME TAXES 12.7 20.2 20.3
Provision for Income Taxes 5.0 7.6 7.5
NET INCOME 7.7% 12.7% 12.7%
* Fiscal 2006 was a fifty-three week year.
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Source: ABERCROMBIE & FITCH CO /DE/, 10-K, March 27, 2009 Powered by Morningstar® Document Research℠