Abercrombie & Fitch Co. appointed Craig Brommers as Senior Vice President of Marketing.

Abercrombie & Fitch Co. reported unaudited earnings results for the first quarter Ended May 4, 2013. The company reported a net loss of $7.20 million or $0.09 per share for the first quarter, narrower than $21.31 million or $0.25 per share in the prior-year quarter. Total net sales for the quarter declined 9% to $838.77 million from $921.22 million in the same quarter last year. Comparable store sales decreased 15%. Results for the first quarter reflect a 16 cent improvement in earnings per share versus last year, including better than expected gross margin rate improvement and tight expense management. The gross profit rate for the first quarter was 65.9%, 720 basis points higher than last year's first quarter gross profit rate. The increase in the gross profit rate was primarily driven by a benefit from a higher mix of spring merchandise selling and a decrease in product costs. With regard to the quarter of fiscal 2013, the company expects diluted earnings per share in the range of $0.28 to $0.33. Guidance for all periods does not include the impact of potential impairment and store closure charges. For fiscal 2013, the company slashed its earnings guidance to a range of about $3.15 to $3.25 per share from the prior forecast in the range of $3.35 to $3.45 per share. This projection assumes comparable sales, including direct-to-consumer to be slightly down for the balance of the year. The company now expects its full year tax rate in the range of 33% to 34%. Based on current new store plans and other planned expenditures, the company continues to expect total capital expenditures for fiscal 2013 to be approximately $200 million, predominately related to new stores and investments in IT initiatives. The company continues to anticipate opening international locations in Seoul and Shanghai, as well as approximately 20 international Hollister chain stores throughout the year. In addition, the company now anticipates opening a small number of international multi-brand outlet stores during the year. The company continues to expect to close approximately 40-50 stores in the U.S. during 2013, through natural lease expirations. On May 21, 2013, the Board of Directors declared a quarterly cash dividend of $0.20 per share on the class A common stock of the company, payable on June 18, 2013 to shareholders of record at the close of business on June 3, 2013.

The company announced consolidated earnings results for the year 2012. For the year, the company reported net sales of $4,510,805,000 compared to $4,158,058,000 a year ago. Operating income was $374,233,000 compared to $221,384,000 a year ago. Income from continuing operations before taxes was $366,945,000 compared to $217,807,000 a year ago. Net income from continuing operations was $237,011,000 or $2.85 diluted per share compared to $143,138,000 or $1.60 diluted per share a year ago. Net income was $237,011,000 or $2.85 diluted per share compared to $143,934,000 or $1.61 diluted per share a year ago. Net cash provided by operating activities was $684,171,000 compared to $365,219,000 a year ago. Capital Expenditures were $339,862,000 compared to $318,598,000 a year ago. For Fiscal 2013, the company expects to open Abercrombie & Fitch flagship locations in Seoul and Shanghai and approximately 20 international Hollister stores. The Hollister openings will include the company's first stores in Australia, the company's first store in the Middle East in Dubai through a joint venture and entry into the Japanese market for Hollister. Additionally, The company is contemplating opening international mall-based Abercrombie & Fitch stores within the next 12 months.