ABERCROMBIE & FITCH CO /DE/ - FORM 8-K - EX-99.2 - EXHIBIT 99.2 - May 30, 2017

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Abercrombie & Fitch Co.
Financial Information
(Unaudited)
(in thousands, except per share data and store data)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fiscal 2016
 
 
 
Fiscal 2017
 
2013
 
2014
 
2015
 
Q1
 
Q2
 
Q3
 
Q4
 
2016
 
Q1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net sales
$
4,116,897

 
$
3,744,030

 
$
3,518,680

 
$
685,483

 
$
783,160

 
$
821,734

 
$
1,036,363

 
$
3,326,740

 
$
661,099

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost of sales, exclusive of depreciation and amortization
1,541,462

 
1,430,460

 
1,361,137

 
259,762

 
306,053

 
310,995

 
421,362

 
1,298,172

 
262,174

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross profit
2,575,435

 
2,313,570

 
2,157,543

 
425,721

 
477,107

 
510,739

 
615,001

 
2,028,568

 
398,925

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Stores and distribution expense
1,907,687

 
1,703,051

 
1,604,214

 
369,118

 
382,917

 
389,609

 
439,816

 
1,578,460

 
359,929

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Marketing, general and administrative expense
481,784

 
458,820

 
470,321

 
114,447

 
111,719

 
105,307

 
121,729

 
453,202

 
109,893

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Restructuring charge (benefit)
81,500

 
8,431

 
(1,598
)
 
—

 
—

 
—

 
—

 
—

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Asset impairment
46,715

 
44,988

 
18,209

 
—

 
6,356

 
—

 
1,574

 
7,930

 
730

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other operating income, net
(23,074
)
 
(15,239
)
 
(6,441
)
 
(2,933
)
 
(13,080
)
 
(822
)
 
(9,377
)
 
(26,212
)
 
(1,686
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating income (loss)
80,823

 
113,519

 
72,838

 
(54,911
)
 
(10,805
)
 
19,645

 
61,259

 
15,188

 
(69,941
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense, net
7,546

 
14,365

 
18,248

 
4,506

 
4,741

 
4,609

 
4,810

 
18,666

 
4,120

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) before taxes
73,277

 
99,154

 
54,590

 
(59,417
)
 
(15,546
)
 
15,036

 
56,449

 
(3,478
)
 
(74,061
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Tax expense (benefit)
18,649

 
47,333

 
16,031

 
(20,787
)
 
(3,515
)
 
6,762

 
6,344

 
(11,196
)
 
(13,052
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss)
54,628

 
51,821

 
38,559

 
(38,630
)
 
(12,031
)
 
8,274

 
50,105

 
7,718

 
(61,009
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Less: Net income attributable to noncontrolling interests
—

 
—

 
2,983

 
957

 
1,098

 
393

 
1,314

 
3,762

 
691

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) attributable to Abercrombie & Fitch Co.
$
54,628

 
$
51,821

 
$
35,576

 
$
(39,587
)
 
$
(13,129
)
 
$
7,881

 
$
48,791

 
$
3,956

 
$
(61,700
)



1


 
 
 
 
 
 
 
Fiscal 2016
 
 
 
Fiscal 2017
 
2013
 
2014
 
2015
 
Q1
 
Q2
 
Q3
 
Q4
 
2016
 
Q1
Net income (loss) per share attributable to Abercrombie & Fitch Co.:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Basic
$
0.71

 
$
0.72

 
$
0.52

 
$
(0.59
)
 
$
(0.19
)
 
$
0.12

 
$
0.72

 
$
0.06

 
$
(0.91
)
 Diluted
$
0.69

 
$
0.71

 
$
0.51

 
$
(0.59
)
 
$
(0.19
)
 
$
0.12

 
$
0.71

 
$
0.06

 
$
(0.91
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted-average shares outstanding:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Basic
77,157

 
71,785

 
68,880

 
67,625

 
67,944

 
67,975

 
67,970

 
67,878

 
68,073

 Diluted
78,666

 
72,937

 
69,417

 
67,625

 
67,944

 
68,277

 
68,299

 
68,284

 
68,073

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Abercrombie comparable sales (1)
 
 
(5
)%
 
(6
)%
 
(8
)%
 
(7
)%
 
(14
)%
 
(13
)%
 
(11
)%
 
(10
)%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Hollister comparable sales (1)
(14
)%
 
(10
)%
 
—
 %
 
—
 %
 
(2
)%
 
—
 %
 
1
 %
 
—
 %
 
3
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Comparable sales (2)
(11
)%
 
(8
)%
 
(3
)%
 
(4
)%
 
(4
)%
 
(6
)%
 
(5
)%
 
(5
)%
 
(3
)%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Shares outstanding
76,402

 
69,352

 
67,348

 
67,605

 
67,666

 
67,683

 
67,758

 
67,758

 
68,012

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Number of stores - end of period (3)
1,006

 
969

 
932

 
925

 
926

 
930

 
898

 
898

 
893

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Gross square feet - end of period
7,736

 
7,517

 
7,292

 
7,209

 
7,209

 
7,219

 
7,007

 
7,007

 
6,939

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Abercrombie includes the Company's Abercrombie & Fitch and abercrombie kids brands. Hollister includes the Company's Hollister and Gilly Hicks brands.
(2) Comparable sales are calculated on a constant currency basis.
(3) Prior period store counts have been restated to count multi-brand outlet stores as a single store.

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