Abercrombie & Fitch (NYSE: ANF) reported Q4 EPS of $1.38, $0.28 better than the analyst estimate of $1.10. Revenue for the quarter came in at $1.19 billion versus the consensus estimate of $1.16 billion.

Comparable sales increased 9% for the quarter and 3% for the year, with Hollister up 11% and Abercrombie up 5% for the quarter

Fiscal 2018 Outlook

For fiscal 2018, the company expects:

Comparable sales to be up low-single digits

Net sales to be up low-single digits, with benefits from changes in foreign currency exchange rates largely offset by the adverse impact from the loss of fiscal 2017's additional week

Changes in foreign currency exchange rates to benefit net sales by approximately $50 million and operating income by approximately $15 million, net of hedging

A gross profit rate up slightly from the fiscal 2017 rate of 59.7%, with some continuing pressure in the first quarter

Operating expenses, excluding other operating income, to be up approximately 1% from fiscal 2017 adjusted non-GAAP operating expense of $2 billion, resulting in expense leverage, while supporting significant incremental investments in strategic initiatives

Other operating income to not be significant, including as a result of gift card breakage now being recognized within net sales due to the adoption of the new revenue recognition accounting standards

A weighted average diluted share count of approximately 71 million shares, excluding the effect of potential share buybacks

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