Earnings Call Excerpt
Abercrombie & Fitch Co. (ANF)
Q4 2005 Earnings Conference Call
February 14th 2006, 4:30 PM.
Executives:
Tom Lennox, Director IR and Corporate Communications
Mike Kramer, Chief Financial Officer
Mike Jeffries, Chairman, Chief Executive Officer
Analysts:
Jeff Klinefelter, Piper Jaffray
John Morris, Harris Nesbitt Gerard
Kimberly Greenberger, Smith Barney
Brian Tunick, JP Morgan
Jeff Black, Lehman Brothers
Joe Teklits, Wachovia Securities
Paul Ledgeway, Credit Suisse
Stacy Pak, Prudential
Dana Telsey, Telsey Advisory Group
Robin Murchison, SunTrust
Monisha Tero, Merrill lynch
Dana Cohen, Banc of America Securities
Christine Chen, Pacific Growth Equities.
Janet Kloppenberg, JJK Research
Lauren Levitan, SG Cowen
Jennifer Davis, Stansders Morchers
Jennifer Black, Black & Associates
Kimberly Greenberger, Citigroup
Barbara Wyckoff, Buckingham Research Group
Presentation
Operator
Welcome to the Abercrombie & Fitch Fourth Quarter Earnings Results Conference Call. Just to remind you today's conference is being recorded. If you have a question at any time during today's conference you may signal us by pressing "*" "1" on your touchtone phone. We will open the call to take your questions at the end of the presentation. Now I would like to turn the call over to your host Mr. Tom Lennox. Please go ahead, sir.
Tom Lennox, Director IR and Corporate Communications
Good afternoon and welcome to our fourth quarter conference call. After the market closed, we publicly released the quarterly sales and earnings release, balance sheet, income statement and an updated financial history. If you haven't seen these materials, they are available on our Web site.
This call is being taped and can be replayed by dialing 888-203-1112. You will need to reference the conference ID number 3097441. You may also access the replay through the Internet at abercrombie.com. With me today are Mike Jeffries, Chairman and Chief Executive Officer, Mike Kramer, Chief Financial Officer, and Brian Logan, the Company's Controller.
Today's earnings call will be limited to one hour. After our prepared comments, we will be available to take your questions for as long as time permits. Please limit yourself to one question so that we can speak with as many callers as possible.
Before we begin, I remind you that any forward-looking statements we may make today are subject to the Safe Harbor Statement found in our SEC filings. Now to Mike Kramer
Mike Kramer, Chief Financial Officer
Good afternoon. Net sales for the fourth quarter were $961.4 million, increasing 40% over last year's fourth quarter sales of $687.3 million. With comparable store sales up 28%. For the quarter cost by brand were as follows in the adult business, Abercrombie & Fitch, comparable store sales increased 18%, men's comps increased by mid-teens, women's increased by high-teens. In the kids business, Abercrombie comps increased 59% with boys comps increasing by mid 30s and girls increasing by high 60s. Hollister, same-store sales increased 34% compared to last year with Dudes comp increasing by low 30 and (indiscernible) is increasing by mid 30s.
- To read the full transcript on Seeking Alpha, click here »
