Abercrombie & Fitch (ANF) Misses Q2 EPS by 53c, Revenues Miss; Lowers Outlook

Abercrombie & Fitch (NYSE: ANF) reported Q2 EPS of ($0.30), $0.53 worse than the analyst estimate of $0.23. Revenue for the quarter came in at $805 million versus the consensus estimate of $844.72 million.

GUIDANCE:

Operating margin in the range of 1 to 3%, down from previous outlook of 5 to 6% primarily reflecting lower sales due to an assumption of lower AURs needed to keep inventory current. Mitigating these factors will be actions to reduce certain expenses, and adjust inventory receipt levels and cadence by region in response to current market forces.

Capital expenditures of approximately $150 million.

For earnings history and earnings-related data on Abercrombie & Fitch (ANF) click here.

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