Abercrombie & Fitch (NYSE: ANF) reported Q3 EPS of $0.01, $0.14 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $880 million versus the consensus estimate of $829.59 million.

The following outlook replaces all previous full year guidance. For fiscal 2022, the company now expects:

• Net sales to be down in the range of 2 to 3% from $3.7 billion in 2021. This compares to the previous outlook of down mid-single-digits. The outlook includes an estimated adverse impact of approximately 250 basis points from foreign currency up from an estimated 200 basis points last quarter.
• Operating margin in the range of 2 to 3%, compared to the previous outlook of 1 to 3%.
• Capital expenditures of approximately $170 million.

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

• Net sales to be down in the range of 2 to 4% to fiscal fourth quarter 2021 level of $1.2 billion. The level assumes an estimated adverse impact of approximately 300 basis points from foreign currency.
• Operating margin to be in the range of 5 to 7%.
• Effective tax rate in the mid-to-high 40s with the rate sensitive to earnings levels by geography.

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