Abercrombie & Fitch Co. Reports First Quarter Results
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Abercrombie & Fitch (ANF) Tops Q1 EPS by 15c, Slight Beat on Revenues, Comp. Sales Up 1%; Provides Q2 & FY19 Fiscal Outlook
May 29, 2019 7:36 AM EDTAbercrombie & Fitch (NYSE: ANF) reported Q1 EPS of ($0.29), $0.15 better than the analyst estimate of ($0.44). Revenue for the quarter came in at $733.97 million versus the consensus estimate of $733.16 million.
Net sales increased to $734.0 million, including the adverse impact from changes in foreign currency exchange rates of approximately $16 million or 2%.Positive comparable sales of 1%, on top of 5% last year.Gross profit rate of 60.5%, flat to last year.Operating expense, excluding other operating income, of $472.0 million leveraged 230 basis points on a GAAP basis and 160 basis points on an adjusted non-GAAP... More