Abercrombie & Fitch FY19 sales increase to $3.6 billion

Fashion

06 Mar `20

2 min read

Abercrombie & Fitch, US based lifestyle retailer, reported 3 per cent increased in net sales to $1.18 billion in fourth quarter (Q4) FY19 that ended on February 1, 2020. Net sales for complete fiscal 2019 rose 1 per cent to $3.62 billion. Operating income in the quarter was of $122.3 million compared to $129.7 million in same period prior year.

Abercrombie & Fitch, a US-based lifestyle retailer, reported 3 per cent increased in net sales to $1.18 billion in fourth quarter (Q4) FY19 that ended on February 1, 2020. Net sales for complete fiscal 2019 rose 1 per cent to $3.62 billion. Operating income in the quarter was of $122.3 million compared to $129.7 million in same period prior year.#

"We finished the year on a strong note, with record Black Friday week results contributing to net sales growth and positive comparable sales for the fourth quarter, and for the third consecutive year. Consistent with recent trends, Abercrombie outperformed Hollister and the US outperformed international, which although still lagging registered significant sequential improvement," Fran Horowitz, chief executive officer, said in a press release.

Abercrombie & Fitch, a US-based lifestyle retailer, reported 3 per cent increased in net sales to $1.18 billion in fourth quarter (Q4) FY19 that ended on February 1, 2020. Net sales for complete fiscal 2019 rose 1 per cent to $3.62 billion. Operating income in the quarter was of $122.3 million compared to $129.7 million in same period prior year.#

Operating expense in Q4 FY19 excluding other operating income was $567.9 million. Operating expense for full FY19 excluding other operating income was reported to $2.08 billion included $47 million of flagship store exit charges. Operating income for full FY19 stood at $70.1 million.

Abercrombie & Fitch, a US-based lifestyle retailer, reported 3 per cent increased in net sales to $1.18 billion in fourth quarter (Q4) FY19 that ended on February 1, 2020. Net sales for complete fiscal 2019 rose 1 per cent to $3.62 billion. Operating income in the quarter was of $122.3 million compared to $129.7 million in same period prior year.#

Hollister's sales remained flat in both Q4 at $711 million and FY19 at $2.1 billion. While Abercrombie's sales grew 7 per cent in Q4 to $474 million compared to $442 million in same period prior year. FY19 sales of Abercrombie rose 2 per cent to $1.5 billion.

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