Stifel Upgrades Abercrombie & Fitch (ANF) to Buy; Merchandise Improvements, Reduced Cost Structure Bode Well for Company

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Go back to Stifel Upgrades Abercrombie & Fitch (ANF) to Buy; Merchandise Improvements, Reduced Cost Structure Bode Well for Company

ABERCROMBIE & FITCH REPORTS SECOND QUARTER RESULTS

August 26, 2015 7:31 AM EDT

New Albany, Ohio, August 26, 2015:  Abercrombie & Fitch Co. (NYSE: ANF) today reported second quarter financial results that reflected a GAAP net loss of $0.8 million and net loss per diluted share of $0.01 for the thirteen weeks ended August 1, 2015, compared to GAAP net income of $12.9 million and net income per diluted share of $0.17 for the thirteen weeks ended August 2, 2014.

Excluding certain items, the Company reported an adjusted non-GAAP net income of $8.6 million and net income per diluted share of $0.12 for the second quarter,... More