Abercrombie & Fitch 2010 Annual Report Download - page 96

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Table of Contents
ABERCROMBIE & FITCH CO.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
20. QUARTERLY FINANCIAL DATA (UNAUDITED)
Summarized unaudited quarterly financial results for Fiscal 2010 and Fiscal 2009 follows (thousands, except per share amounts):
Fiscal 2010 Quarter(1) First Second Third Fourth
Net sales $ 687,804 $ 745,798 $ 885,778 $ 1,149,396
Gross profit $ 431,416 $ 485,348 $ 564,432 $ 730,986
Net (loss) income $ (11,828) $ 19,479 $ 50,040 $ 92,593
Net (loss) income per diluted share(2) $ (0.13) $ 0.22 $ 0.56 $ 1.03
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
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(3) $ (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
(1) Results of operations of RUEHL are reflected as discontinued operations for all periods presented. Refer to Note 16,
"Discontinued Operations" for further discussion.
(2) The second quarter of Fiscal 2010 includes impairment charges of $0.02. The fourth quarter of Fiscal 2010 includes impairment
charges of $0.33 and store closure charges of $0.03.
(3) The fourth quarter of Fiscal 2009 includes impairment charges of $0.23.
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