Abercrombie & Fitch (ANF) Misses Q1 EPS by 35c, Revenue Beats, Offers Guidance

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Go back to Abercrombie & Fitch (ANF) Misses Q1 EPS by 35c, Revenue Beats, Offers Guidance

Abercrombie & Fitch Co. Reports First Quarter Results

May 24, 2022 7:30 AM EDT

Delivers highest first quarter net sales since 2014Operating margin below company expectations on higher-than-expected freight and product costsRepurchased 3.3 million shares, reducing outstanding share count by 6% from fiscal year-end 2021

NEW ALBANY, Ohio, May 24, 2022 (GLOBE NEWSWIRE) -- Abercrombie & Fitch Co. (NYSE: ANF) today announced results for the first quarter ended April 30, 2022. These compare to results for the first quarter ended May 1, 2021. Descriptions of the use of non-GAAP financial measures and reconciliations of GAAP and non-GAAP financial measures accompany this release.

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