Abercrombie & Fitch (ANF) Tumbles After Earnings Miss, Guidance Cut
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Abercrombie & Fitch Co. Reports Second Quarter Results
August 25, 2022 7:30 AM EDTNEW ALBANY, Ohio, Aug. 25, 2022 (GLOBE NEWSWIRE) -- Abercrombie & Fitch Co. (NYSE: ANF) today announced results for the second quarter ended July 30, 2022. These compare to results for the second quarter ended July 31, 2021. Descriptions of the use of non-GAAP financial measures and reconciliations of GAAP and non-GAAP financial measures accompany this release.
Fran Horowitz, Chief Executive Officer, said As the global macro environment deteriorated in the second quarter, we experienced a divergence in brand performance. Abercrombie delivered its highest Q2 sales since 2015 and its ninth consecutive quarter of average unit retail ("AUR")... More
