Total Company net sales decreased 24% to $612.1 million; comparable store sales decreased 30% — Total direct-to-consumer net sales decreased 21% to $49.1 million — Abercrombie And Fitch net sales of $264.7 million; Abercrombie Sale & Fitch comparable store sales decreased 26% — abercrombie net sales of $69.1 million; abercrombie comparable store sales decreased 33% — Hollister Co. net sales of $262.4 million; Hollister Co. comparable store sales decreased 32% — RUEHL net sales of $10.4 million; RUEHL comparable store sales decreased 34% Mike Jeffries, Chief Executive Officer and Chairman of the Board of Abercrombie And Fitch Co., said: “The first quarter was clearly a difficult one for us. With a challenging economic environment, the consumer continues to show a reluctance to spend on premium brands; a price consciousness dictating shopping habits unlike anything I have ever seen. We believe this is a temporary phenomenon but will approach the current conditions with a conservative mindset until we see a clear improvement. This year will be a transitional year for us as we continue to focus our efforts on laying the groundwork for our long term success and prosperity by protecting our brands, preserving cash and pursuing our international growth opportunities.”Fashion
Posts Tagged ‘jeans’
Chief Executive Officer and Chairman of the Board of Abercrombie And Fitch Co
Saturday, January 16th, 2010Abercrombie and ficth Stock
Saturday, December 12th, 2009The detect is releasing a new abercrombie and fitch . This laced will be her perfume. Daddy Knowles is open to get A&F close down, we can just feel it.While I passion several perfumes, I port’t found a scent that she is yet to errand my internal sway.”Beyonce lately filed paper use Sasha Fierce has the smell after her adjust-ego Sasha Fierce, because They have filed a grievance stopping Beyonce from baptism the name of her own, not having it. Beyonce announced yesterday that actually personifies me as a woman. A&F.com
with their own line of variety.
abercrombie and fitch (NYSE: ANF) closed yesterday at $35.64. So far the stock has hit a 52-week low of $16.95 and 52-week high of $42.31. Abercrombie and Fitch stock has been showing support around 34.77 and resistance in the 36.75 range. Technical indicators for the stock are and S&P gives ANF a neutral 3 STAR (out of 5) hold rating. ANF appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Feb ‘10 34 covered call (ANF BL) for a net debit in the $31.74 area. That is also the break even stock price for this trade. This covered call has a 74 day duration, provides 10.94% downside protection and a 7.12% assigned return rate for a 35.12% annualized return rate (comparison purposes only). A lower cost hedged play for this stock would use a longer term call option in place of the covered call stock purchase. To use this strategy look at going long the ANF Jan ‘11 15 Call (VNF AC) and selling the Feb ‘10 34 call (ANF BL) for a $17.20 debit. The trade has a 74 day life and would provide 9.65% downside protection and a 10.47% assigned return rate for a 52.00% annualized return rate (for comparison purposes only). abercrombie and fitch has a current annual dividend yield of 1.93%. [ATU-Seven Summits Research]
