Abercrombie & Fitch (ANF) Misses Q4 EPS by 4c, Comps Fall 5%
- Wall Street ends sharply higher, led by surging Dow
- Sanderson Farms (SAFM) Explores Sale - Report
- Amazon (AMZN) in Talks to Acquire Stake in Self-Driving Truck Startup Plus: Report
- Dollar dips after Fed rally, Bitcoin slumps
- 5 Companies Set to Hike Their Dividend Over the Next Few Weeks, 3 Dividend Aristocrats
News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.
Abercrombie & Fitch (NYSE: ANF) reported Q4 EPS of $0.71, $0.04 worse than the analyst estimate of $0.75. Revenue for the quarter came in at $1.04 billion versus the consensus estimate of $1.05 billion.
- comparable sales for the fourth quarter down 5%.
For fiscal 2017, the company expects:
The company expects to incur a discrete non-cash income tax charge of approximately $9 million in the first quarter of fiscal 2017 as a result of a change in share-based compensation accounting standards. Excluding discrete items, the core tax rate for full year is expected to be in the mid 30s and remains highly sensitive to jurisdictional mix and at lower levels of pre-tax earnings.
The company is targeting capital expenditures to be approximately $100 million for fiscal 2017. Capital expenditures are expected to include approximately $70 million for store updates and new stores and approximately $20 million for direct-to-consumer and omnichannel and information technology investments to support growth.
For earnings history and earnings-related data on Abercrombie & Fitch (ANF) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Nutrien (NTR) Raises 1st-Half Guidance
- Stifel Resumes Ryder Systems (R) at Hold
- Kroger (KR) Tops Q1 EPS by 18c, FY EPS Guidance Beats
Create E-mail Alert Related CategoriesEarnings, Guidance, Hot Earnings, Retail Sales
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!