Abercrombie & Fitch (ANF) Reaffirms Q4 Outlook
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Abercrombie & Fitch Co. Reaffirms Fourth Quarter Outlook Ahead of ICR Conference
January 14, 2019 7:00 AM ESTNEW ALBANY, Ohio, Jan. 14, 2019 (GLOBE NEWSWIRE) -- Abercrombie & Fitch Co. (NYSE: ANF) today announced that it is reaffirming its previously issued outlook for the fourth quarter of fiscal 2018 as follows:
Driven by the loss of fiscal 2017's 53rd week and adverse impacts from both the calendar shift and changes in foreign currency exchange rates, net sales to decrease mid-single digitsComparable sales to be up low-single digits on top of 9% last yearA gross profit rate flat to up slightly from last year's rate of 58.4%GAAP... More