Slide 1: Investor Presentation 2011 Second Quarter
Investor Presentation 2011 Second Quarter
Slide 2: Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 A&F cautions that any forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995) contained in this presentation or made by management or spokespeople of A&F involve risk
Slide 3: Q2 P&L Summary
Q2 P&L Summary Net Sales Cost of Goods Sold Gross Profit Operating Expense (1) Other Operating Expense (Income), Net Operating Income Interest Expense, Net Income Before Taxes Tax Expense Net Income (1) 2010 inchudes pre-tax asset impairment charges of $2.2 milion (0.3% of net sales) related to stor
Slide 4: Year-To-Date P&L Summary
Year-To-Date P&L Summary Unaudited Unaudited %ot % of 2011 Net Sales 2010 Net Sales Net Sales $1,753437 100.0% += $ 1433,602 100.0% Cost of Goods Sold 626,734 35.1% 516,838 36.1% Gross Profit, 1,128,703 64.3% 916,764 63.9% Operating Expense 1,042,076 59.4% 910,730 63.5% Other Operating Income, Net (
Slide 5: Sales Analysis Versus Prior Year Sales Mix
Sales Analysis Versus Prior Year Sales Mix Sales Mix
Slide 6: Sales Growth Contribution
Sales Growth Contribution Growth Growth Second Contribution Contribution Quarter % Year-To-Date % 2010 Net Sales $ 745,798 $ 1,433,603 Foreign Exchange Impact cy, 1,717 1.6% 17,598 12% Comparable Stores 55,498 14% 116,324 8.1% ore 21,011 2.8% 46,182 3.2% Non-Comparable Stores, Net 82,738 1.1% 139,73
Slide 7: Operating Expense
Operating Expense % of % ot 2001 Net Sales 2010 NetSales, 2 bps Second Quarter Store Occupancy «a $173,556 18.9% $ 161803 21.7% (280) Allother 21.5% 202678 27.2% 30 Stores and Distribution 46.4% 364AB2 48.9% = (250) Marketing, General & Administrative 12.0% 95206 = 12.8% = (80) TOTAL $ Year-To-Date
Slide 8: Inventory Analysis
Inventory Analysis As of Asot July30, 2071 _July 31,2010 {ventory on Hand $ 433155 $418,358 Inventory in Transit $ 92973, $61,769 Total tnventory _$ 516128 $480,128 ARF | ake | a | HCo,
Slide 9: Share Repurchases
Share Repurchases FY 2011 FY 2010 ‘Shares ‘Average ‘Shares: ‘Average Repurchased Cost ost Repurchased Cost ost ai 4288 $ 25469 $ 59.40 - - - az 950.1 $ 64,399 $ 67.78 = * = a3 * = * 669.1 $ 29207 $ 4365 4 = = = 9126 $ 46.951 $5145 TOTAL 1,378.9 _$ 89.868 _$ 65.17 1,581.7_$ 76.158_$ 48.15 Remaining s
Slide 10: Liquidity
Liquidity As of As of July 30,2011 _ July 31, 2010 Cash and Cash Equivalents $ 539613 $596,491 Credit Agreement: Borrowings $ - $53,167 Outstanding Letters of Credit _$ 124 $24,379 "Net" Cash Position $ 539.489 $518,946 ARF | af | a | HCo.
Slide 11: Q3 Operating Expense Outlook
Q3 Operating Expense Outlook Store Occupancy: Low to mid $180 millions All Other Stores and Distribution: Modest deleverage compared to last year's rate of 24.8% of sales; includes effect of pre-opening costs, DTC investments and accelerated depreciation of distribution center Marketing, General and
Slide 12: International Hollister Store Count - Cumulative
International Hollister Store Count - Cumulative
Slide 13: Confirmed Flagship Openings
Confirmed Flagship Openings
Slide 14: Appendix: EPS (Unaudited)
Appendix: EPS (Unaudited) Net Income Per Share from Continuing Operations Basic Diluted Net Income Per Share from Discontinued Operations Basic Diluted Net Income Per Share Basic Diluted Weighted-Average Shares Outstanding Basic Diluted (0) 2010 inchudes pre-tax asset impairment charges of 2.2 milio
Slide 15: Appendix: Q2 Store Count Activity Store Count - By Brand and Region
Appendix: Q2 Store Count Activity Store Count - By Brand and Region
Slide 16: Appendix: Year-To-Date Store Count Activity Store Count - By Brand and Region
Appendix: Year-To-Date Store Count Activity Store Count - By Brand and Region