Abercrombie & Fitch Co. (ANF) Tops Q4 EPS by 25c, Changes Inventory Accounting Method

February 22, 2013 6:37 AM EST
Abercrombie & Fitch Co. (NYSE: ANF) reported Q4 EPS of $2.21, $0.25 better than the analyst estimate of $1.96. Revenue for the quarter came in at $1.47 billion versus the consensus estimate of $1.49 billion.

The Company also announced that it has changed its method of accounting for inventory from the retail method to the cost method effective in the fourth quarter.

Comparable sales for the fourth quarter were flat for the U.S., with comparable store sales decreasing by 1% and comparable direct to consumer sales up 5%. Comparable sales for the fourth quarter decreased 3% for international, with comparable store sales decreasing by 14% and comparable direct to consumer sales up 52%.

Abercrombie & Fitch Co. sees FY2013 EPS of $3.35-3.45, which may note compare to the consensus of $3.63.

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


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