ABERCROMBIE & FITCH CO. REPORTS FIRST QUARTER RESULTS
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Abercrombie & Fitch (ANF) Tops Q1 EPS by 21c, Comps Increase 5%, Offers Outlook
June 1, 2018 7:31 AM EDTAbercrombie & Fitch (NYSE: ANF) reported Q1 EPS of ($0.56), $0.21 better than the analyst estimate of ($0.77). Revenue for the quarter came in at $730.9 million versus the consensus estimate of $696.65 million.
Comparable sales increased 5%, with Hollister up 6% and Abercrombie up 3%
Outlook
For fiscal 2018, the company now expects:
Comparable sales to be up in the range of 2% to 4%
Net sales to be up in the range of 2% to 4%, with net sales in the second quarter to be up high-single digits, including benefits from changes in foreign currency exchange rates and the calendar shift
Changes... More
