Filed under: Good news, Competitive strategy, Marketing and advertising, Abercrombie & Fitch Co'A' (ANF)On February 21, Abercrombie & Fitch Co. (NYSE:ANF) reported (unaudited) financial results for fiscal fourth quarter 2006 which ended February 3, 2007. Fourth quarter net income was $198.2 million, which represents a 20% increase over the previous year. Fiscal year net income for 2006 is shown to be $422.2 million against full year net sales of $3.318 billion. 2006 net sales equal an impressive 19% increase over the previous year. The Abercrombie & Fitch board of directors declared a dividend of 0.175 per Class-A common stock share to be payable March 27, 2007, to share holders of record at end of business on March 6, 2007.The company attributes its strong performance to several major factors. ...
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