Abercrombie & Fitch (ANF) Reports June Comp Sales Down 32%
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Price: $149.65 -0.82%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 6.9%
Revenue Growth %: +5.4%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 6.9%
Revenue Growth %: +5.4%
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Abercrombie & Fitch (NYSE: ANF) reported net sales of $230.4 million for the five-week period ended July 4, 2009, a 26% decrease from net sales of $309.7 million for the five-week period ended July 5, 2008. June comparable store sales decreased 32%.
Year-to-date, the Company reported a net sales decrease of 24% to $1.025 billion from $1.343 billion last year. Comparable store sales decreased 30% for the year-to-date period. Year-to-date, total Company direct-to-consumer net sales decreased 19% to $81.5 million.
Year-to-date, the Company reported a net sales decrease of 24% to $1.025 billion from $1.343 billion last year. Comparable store sales decreased 30% for the year-to-date period. Year-to-date, total Company direct-to-consumer net sales decreased 19% to $81.5 million.
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