Abercrombie & Fitch (ANF) Tops Q1 EPS by 21c, Comps Increase 5%, Offers Outlook

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Go back to Abercrombie & Fitch (ANF) Tops Q1 EPS by 21c, Comps Increase 5%, Offers Outlook

ABERCROMBIE & FITCH CO. REPORTS FIRST QUARTER RESULTS

June 1, 2018 7:30 AM EDT

Net sales increased 11%, driven by comparable sales and foreign currency benefitsComparable sales increased 5%, with Hollister up 6% and Abercrombie up 3%Gross margin expanded to 60.5%, up 20 basis points from last yearContinued operating expense discipline, with 460 basis points of leverage

NEW ALBANY, Ohio, June 01, 2018 (GLOBE NEWSWIRE) -- Abercrombie & Fitch Co. (NYSE: ANF) today reported GAAP net loss per diluted share of $0.62 for the first quarter ended May 5, 2018, compared to GAAP net loss per diluted share of $0.91 for the first quarter ended April 29, 2017. Excluding certain items... More