Abercrombie & Fitch (ANF) Tops Q3 EPS by 13c, Revenues Beat, Comp. Sales Up 3%
Get Alerts ANF Hot Sheet
Join SI Premium – FREE
Abercrombie & Fitch (NYSE: ANF) reported Q3 EPS of $0.33, $0.13 better than the analyst estimate of $0.20. Revenue for the quarter came in at $861 million versus the consensus estimate of $852.97 million.
Fran Horowitz, Chief Executive Officer, said,
"We are pleased with our third quarter performance, our fifth consecutive quarter of positive comparable sales, with growth across both of our brands. We delivered 3% comparable sales growth on top of 4% last year, with continued gross profit rate stabilization. Our strong U.S omnichannel business, and 16% global digital sales growth, confirm that our playbooks are working.
As expected, we had a solid start to the holiday season, demonstrating the effectiveness of our continued focus on the customer. We are well-positioned to deliver top-line growth, gross profit rate expansion and operating expense leverage for the full year."
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
- American Express (AXP) down despite beating Q1 estimates on top and bottom lines
- Fifth Third Bancorp (FITB) Tops Q1 EPS by 2c
- American Express (AXP) Tops Q1 EPS by 38c
Create E-mail Alert Related Categories
Earnings, Management CommentsRelated Entities
EarningsSign 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!