New Albany, Ohio, November 19, 2014:
Abercrombie & Fitch Co. (NYSE: ANF) will be holding its quarterly earnings conference call for all interested parties on December 3, 2014, at 8:00 a.m. EST. The earnings press release is scheduled to cross the wire shortly after 7:00
a.m. EST.
What: | Abercrombie & Fitch Third Quarter Fiscal 2014 Earnings Call |
When: | 8:00 a.m. EST Wednesday, December 3, 2014 |
Where: | http://www.abercrombie.com |
How: | Live over the internet: Log on to the web at the above address, select the Investors page and click on Calendar of Events; or call: |
Domestic Dial-In Number: 1-877-874-1567, ask for the Abercrombie & Fitch Quarterly Call. | |
Domestic Replay Number: 1-888-203-1112, conference ID number 3359329 | |
International Dial-In Number: 1-719-325-4886, ask for the Abercrombie & Fitch Quarterly Call. | |
International Replay Number: 1-719-457-0820, conference ID number 3359329 |
The
call will be archived and can be accessed for two weeks following the
reporting date by calling either of the replay numbers listed above; or
for 12 months by visiting the Company's website www.abercrombie.com.
An
investor presentation of third quarter results will be available in the
"Investors" section of the Company's website at www.abercrombie.com at
approximately 7:30 AM, Eastern Standard Time on Wednesday, December 3.
For further information, call:
Brian Logan / (614) 283-6877 / Investor_relations@abercrombie.com
Brian Logan / (614) 283-6877 / Investor_relations@abercrombie.com
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 Press Release or made by management or spokespeople of A&F
involve risks and uncertainties and are subject to change based on
various important factors, many of which may be beyond the Company's
control. Words such as "estimate," "project," "plan," "believe,"
"expect," "anticipate," "intend," and similar expressions may identify
forward-looking statements. Except as may be required by applicable
law, we assume no obligation to publicly update or revise our
forward-looking statements. The following factors, in addition to those
included in the disclosure under the heading "FORWARD-LOOKING
STATEMENTS AND RISK FACTORS" in "ITEM 1A. RISK FACTORS" of A&F's
Annual Report on Form 10-K for the fiscal year ended February 1, 2014,
in some cases have affected and in the future could affect the Company's
financial performance and could cause actual results for Fiscal 2014
and beyond to differ materially from those expressed or implied in any
of the forward-looking statements included in this Press Release or
otherwise made by management: changes in economic and financial
conditions, and the resulting impact on consumer confidence and consumer
spending, could have a material adverse effect on our business, results
of operations and liquidity; changing fashion trends and consumer
preferences, and the ability to manage our inventory commensurate with
customer demand, could adversely impact our sales levels and
profitability; fluctuations in the cost, availability and quality of raw
materials, labor and transportation, could cause manufacturing delays
and increase our costs; a significant component of our growth strategy
is international expansion, which requires significant capital
investment, adds complexity to our operations and may strain our
resources and adversely impact current store performance; our
international expansion plan is dependent on a number of factors, any of
which could delay or prevent successful penetration into new markets or
could adversely affect the profitability of our international
operations; we have increased the focus of our growth strategy on
direct-to-consumer sales channels and the failure to successfully
develop our position in these channels could have an adverse impact on
our results of operations; our direct-to-consumer operations are subject
to numerous risks that could adversely impact sales, failure to
successfully implement certain growth initiatives may have a material
adverse effect on our financial condition or results of operations;
fluctuations in foreign currency exchange rates could adversely impact
our financial condition and results of operations; our business could
suffer if our information technology systems are disrupted or cease to
operate effectively; comparable sales, including direct-to-consumer, may
continue to fluctuate on a regular basis and impact the volatility of
the price of our Common Stock; extreme weather conditions may negatively
impact our results of operations; our market share may be negatively
impacted by increasing competition and pricing pressures from companies
with brands or merchandise competitive with ours; our ability to attract
customers to our stores depends, in part, on the success of the
shopping malls or area attractions in which most of our stores are
located; our net sales fluctuate on a seasonal basis, causing our
results of operations to be susceptible to changes in Back-to-School and
Holiday shopping patterns; our failure to protect our reputation could
have a material adverse effect on our brands; we rely on the experience
and skills of our senior executive officers, the loss of whom could have
a material adverse effect on our business; interruption in the flow of
merchandise from our key vendors and international manufacturers could
disrupt our supply chain, which could result in lost sales and increased
costs; in a number of our European stores, associates are represented
by workers' councils and unions, whose demands could adversely affect
our profitability or operating standards for our brands; we depend upon
independent third parties for the manufacture and delivery of all our
merchandise; our reliance on two distribution centers domestically and
four third-party distribution centers internationally makes us
susceptible to disruptions or adverse conditions affecting our
distribution centers; we rely on third-party vendors as well as other
third-party arrangements for many aspects of our business and the
failure to successfully manage these relationships could negatively
impact our results of operations or expose us to liability for the
actions of third-party vendors acting on our behalf; we may be exposed
to risks and costs associated with credit card fraud and identity theft
that would cause us to incur unexpected expenses and loss of revenues;
our facilities, systems and stores, as well as the facilities and
systems of our vendors and manufacturers, are vulnerable to natural
disasters, pandemic disease and other unexpected events, any of which
could result in an interruption to our business and adversely affect our
operating results; our litigation exposure could have a material
adverse effect on our financial condition and results of operations; our
inability or failure to adequately protect our trademarks could have a
negative impact on our brand image and limit our ability to penetrate
new markets; actions of activist stockholders could have a negative
effect on our business; fluctuations in our tax obligations and
effective tax rate may result in volatility in our operating results;
the effects of war or acts of terrorism could have a material adverse
effect on our operating results and financial condition; our inability
to obtain commercial insurance at acceptable prices or our failure to
adequately reserve for self-insured exposures might increase our
expenses and adversely impact our financial results; operating results
and cash flows at the store level may cause us to incur impairment
charges; we are subject to customs, advertising, consumer protection,
privacy, zoning and occupancy and labor and employment laws that could
require us to modify our current business practices, incur increased
costs or harm our reputation if we do not comply; changes in the
regulatory or compliance landscape could adversely affect our business
and results of operations; our asset-based revolving credit facility and
our Term Loan Facility include financial and other covenants that
impose restrictions on our financial and business operations; compliance
with changing regulations and standards for accounting, corporate
governance and public disclosure could adversely affect our business,
results of operations and reported financial results; our inability to
successfully implement our long-range strategic plan could have a
negative impact on our growth and profitability and our estimates of the
expenses that we may incur in connection with the closures of the Gilly
Hicks stores could prove to be inaccurate.
Source Abercrombie and Fitch ©
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