Abercrombie & Fitch Co. Reports First Quarter Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall St tumbles on tech selloff as concerns about hawkish Fed, AI spending mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil drops $1 as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
Abercrombie & Fitch (ANF) Tops Q1 EPS by $1.05, Revenues Beat
May 26, 2021 7:32 AM EDTAbercrombie & Fitch (NYSE: ANF) reported Q1 EPS of $0.67, $1.05 better than the analyst estimate of ($0.38). Revenue for the quarter came in at $781.41 million versus the consensus estimate of $675.62 million.
Net sales of $781 million, up 61% as compared to last year and up 6% as compared to pre-COVID 2019 first quarter net sales.Digital net sales increased 45% to $403 million reflecting robust growth in every month of the quarter.Gross profit rate improved 900 basis points to 63.4% driven by higher average unit retail on lower promotions.Operating expense, excluding other operating... More