Abercrombie & Fitch (NYSE: ANF) reported Q4 EPS of $1.14, $0.13 worse than the analyst estimate of $1.27. Revenue for the quarter came in at $1.16 billion versus the consensus estimate of $1.18 billion.

For the first quarter of fiscal 2022, the company expects:

• Net sales to be up low-single-digits to fiscal first quarter 2021 level of $781 million.
• Gross profit rate to be down around 400 basis points to fiscal 2021 rate of 63.4% reflecting $65 million of incremental freight costs compared to fiscal first quarter 2021, partially offset by improved average unit retail.
• Operating expense, excluding other operating income, to be up around 6% to fiscal 2021 adjusted non-GAAP operating expenses of $436 million, which excluded $3 million in impairment charges, with approximately half of the increase due to lapping COVID-related rent abatements and government assistance recognized in fiscal first quarter 2021.

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