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Annual Report Abercrombie and Fitch

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Part C. Income Statement<br />

•Multi-Step<br />

Year Gross Profit<br />

(In Millions)<br />

Income From<br />

Operations<br />

Net Income<br />

2006 2,209.01 658.09 422.19<br />

2005 1,851.42 542.74 333.00<br />

While not dramatic, the data shows that the<br />

companies profits are increasing. This is in part<br />

due to a decrease in theft, efficient management of<br />

inventory <strong>and</strong> an increase in sales.

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