Abercrombie & Fitch (ANF) Sentiment Hits Retail Sector Amid Eased Expectations (ARO) (GPS) (PSUN)
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Good fortune at Abercrombie & Fitch Co. (NYSE: ANF) is spreading throughout the retail segment Wednesday, following better than expected Q2 results issued earlier.
A&F reported EPS of 19 cents and sales of $951.4 million, compared with consensus views calling for EPS of 17 cents and sales of $994. Comps fell 10 percent. Abercrombie also added 10 million to its common repurchase authorization.
Abercrombie cut FY12 expectations earlier in August.
Moving on the news Wednesday include: American Eagle Outfitters (NYSE: AEO), Aeropostale (NYSE: ARO), The Buckle (NYSE: BKE), Urban Outfitters (Nasdaq: URBN), PacSun (Nasdaq: PSUN), The Gap (NYSE: GPS), and others.
A&F reported EPS of 19 cents and sales of $951.4 million, compared with consensus views calling for EPS of 17 cents and sales of $994. Comps fell 10 percent. Abercrombie also added 10 million to its common repurchase authorization.
Abercrombie cut FY12 expectations earlier in August.
Moving on the news Wednesday include: American Eagle Outfitters (NYSE: AEO), Aeropostale (NYSE: ARO), The Buckle (NYSE: BKE), Urban Outfitters (Nasdaq: URBN), PacSun (Nasdaq: PSUN), The Gap (NYSE: GPS), and others.
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