Abercrombie & Fitch 2009 Annual Report Download - page 87

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18. QUARTERLY FINANCIAL DATA (UNAUDITED)
Summarized unaudited quarterly financial results for Fiscal 2009 and Fiscal 2008 follows (thousands,
except per share amounts):
Fiscal 2009 Quarter
(1)
First Second Third Fourth
Net sales .................. $601,729 $637,221 $753,684 $935,991
Gross profit ................ $381,453 $424,516 $483,087 $594,542
Net (loss) income from
continuing operations ....... $(23,104) $ (8,191) $ 49,222 $ 61,025
Net loss from discontinued
operations, net of tax ....... $(36,135) $ (18,557) $ (10,439) $ (13,566)
Net (loss) income ............ $(59,239) $ (26,747) $ 38,784 $ 47,459
Net (loss) income per diluted
share from continuing
operations ............... $ (0.26) $ (0.09) $ 0.55 $ 0.68
Net loss per diluted share from
discontinued operations...... $ (0.41) $ (0.21) $ (0.12) $ (0.15)
Net (loss) income per diluted
share ................... $ (0.68) $ (0.30) $ 0.44 $ 0.53
Fiscal 2008 Quarter
(1)
First Second Third Fourth
Net sales .................. $787,139 $833,298 $882,811 $980,809
Gross profit ................ $526,734 $585,547 $584,965 $633,849
Net income from continuing
operations ............... $ 67,167 $ 83,236 $ 69,743 $ 88,021
Net loss from discontinued
operations, net of tax ....... $ (5,051) $ (5,404) $ (5,844) $ (19,614)
Net income ................ $ 62,116 $ 77,832 $ 63,900 $ 68,407
Net income per diluted share
from continuing operations . . . $ 0.75 $ 0.93 $ 0.79 $ 1.00
Net loss per diluted share from
discontinued operations...... $ (0.06) $ (0.06) $ (0.07) $ (0.22)
Net income per diluted share . . . $ 0.69 $ 0.87 $ 0.72 $ 0.78
(1) Results of operations of RUEHL are reflected as discontinued operations for all periods presented. Refer
to Note 14, “Discontinued Operations” for further discussion.
86
ABERCROMBIE & FITCH CO.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)