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Abercrombie & Fitch Co. (NYSE: ANF) recently reported unaudited second quarter results which reflected a net loss of $26.7 million and a net loss per basic and diluted share of $0.30 for the thirteen weeks ended August 1, 2009, compared to net income of $77.8 million and net income per diluted share of $0.87 for the thirteen weeks ended August 2, 2008. The unaudited results also reflect a loss before income taxes of $19.8 million for the thirteen weeks ended August 1, 2009, which includes pre-tax charges of $24.4 million associated with the closure of RUEHL operations
The Board of Directors declared a quarterly cash dividend of $0.175 per share on the Class A Common Stock of Abercrombie & Fitch Co. payable on September 15, 2009 to shareholders of record at the close of business on August 28, 2009.
Mike Jeffries, Chief Executive Officer and Chairman of the Board of Abercrombie & Fitch Co., said: "We continued to be confronted with very challenging conditions during the second quarter. We believe we are doing the right things to address those challenges and improve our domestic business. In the meantime, we remain very encouraged by our prospects for international growth."
During the quarter, the Company opened the first Epic Hollister flagship store, in
The Company remains on track to open three international flagship stores in Fiscal 2009 including Abercrombie & Fitch and Abercrombie in
Internationally, the Company remains on track to open ten mall-based stores in Fiscal 2009, including one Abercrombie store in
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