Home » Posts tagged with "Abercrombie & Fitch"

Abercrombie Misses On Second Quarter Earnings

Abercrombie & Fitch’s fiscal second-quarter earnings fell short of analysts’ expectations. The company posted a wider-than-expected loss of 25 cents a share during the period. Analysts projected a loss of 20 cents, on average. Abercrombie’s net loss increased to $13.1 million from $810,000 in the year-ago quarter. A same-store sales decline of 4 percent was steeper than the projected 3.8 percent expected by analysts. Comparable sales at Abercrombie fell 7 percent in the quarter, while those at Hollister dropped 2 percent. Net sales fell... 
 

Abercrombie & Fitch Reports Disappointing Numbers For 1Q

Abercrombie & Fitch (NYSE:ANF) reported a disappointing first quarter as more consumers shift their spending to online shops and fast-fashion chains. For the period ended April 30, New Albany, Ohio-based Abercrombie lost $39.6 million, or 59 cents per share. This was more than the 50 cents per share loss estimated by analysts polled by Zacks Investment Research. A year ago, Abercrombie reported a first-quarter loss of $63.2 million, or 91 cents per share. The company reported that revenue declined 3.4 percent, to $685.5 million from $709.4... 
 
© 2006-2017 Rincon Hill News.