UPDATE: Abercrombie & Fitch (ANF) Reports Q1 Loss Per Share of 3.29

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Go back to UPDATE: Abercrombie & Fitch (ANF) Reports Q1 Loss Per Share of 3.29

Abercrombie & Fitch Co. Reports First Quarter Results

May 28, 2020 7:31 AM EDT

Company continues to reopen stores globally on a rolling basis with roughly half of the fleet currently openQ1 results reflect strong cash flow management and month-over-month acceleration in digital sales growth, partially offsetting sales decline from temporary store closuresNet loss per diluted share of $3.90 reflects adverse tax impacts of $1.45 related to valuation allowances on deferred tax assets and other tax charges and $0.62 related to asset impairment charges

NEW ALBANY, Ohio, May 28, 2020 (GLOBE NEWSWIRE) -- Abercrombie & Fitch Co. (NYSE:... More