Edition:
United States

Abercrombie & Fitch Co (ANF.N)

ANF.N on New York Stock Exchange

11.57USD
4:02pm EDT
Change (% chg)

$0.26 (+2.30%)
Prev Close
$11.31
Open
$11.20
Day's High
$11.73
Day's Low
$11.17
Volume
768,764
Avg. Vol
970,834
52-wk High
$32.37
52-wk Low
$10.84

Latest Key Developments (Source: Significant Developments)

Arrowstreet Capital, Limited Partnership reports 3.7 pct passive stake in Abercrombie & Fitch
Monday, 20 Mar 2017 05:16pm EDT 

Abercrombie & Fitch Co :Arrowstreet Capital, Limited Partnership reports 3.7 percent passive stake in Abercrombie & Fitch as of March 17 versus 5.3 percent stake as of Dec 31 - SEC filing.  Full Article

Abercrombie & Fitch on conf call- Q1 will remain challenging as we sort through assortment issue
Thursday, 2 Mar 2017 10:39am EST 

Abercrombie & Fitch Co : On conf call- in Hollister guys, had strong performance in denim, knit tops and outerwear in Q4 . On conf call- in Hollister girls side, cozy fabrics and trend details in tops, fashion and innovation in denim performed well in Q4 . On conf call- intimates category, highlighted by the reintroduction of the Gilly Hicks brand, did well in Q4 . Ended the season too lean in certain wear now categories, this was a function of some staffing and process issues . Expect impact of staffing and process issues to continue into the first quarter of 2017, "however, this will not happen again" . Added to our payment capabilities with WeChat pay and Apple pay . Flagship and tourist stores remain profitable in the aggregate . Expanding emerging categories such as swim and Gilly Hicks . Q1 will remain challenging as we sort through assortment issue . In 2017 plan to complete seven new a&f prototype stores and approximately 40 hollister remodels . Towards the back half of the year we will be rolling out an international loyalty program Further company coverage: [ANF.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Abercrombie & Fitch Q4 GAAP earnings per share $0.71
Thursday, 2 Mar 2017 07:18am EST 

Abercrombie & Fitch Co : Abercrombie & Fitch Co reports fourth quarter results . Q4 GAAP earnings per share $0.71 . Q4 sales $1.036 billion versus I/B/E/S view $1.05 billion . Q4 earnings per share view $0.75 -- Thomson Reuters I/B/E/S . Abercrombie & Fitch Co says qtrly comparable sales for Q4 down 5% . Abercrombie & Fitch Co says "results for quarter reflect a still challenging and competitive retail environment" . Abercrombie & Fitch Co says "environment is likely to remain challenging in 2017" . Abercrombie & Fitch Co says company is targeting capital expenditures to be approximately $100 million for fiscal 2017 . Abercrombie & Fitch Co says "comparable sales to improve for full year, but to remain challenging for first half" in 2017 . Abercrombie & Fitch Co says anticipates closing approximately 60 stores in U.S. during fiscal year through natural lease expirations . Abercrombie & Fitch Co says competitive environment resulted in more promotional activity and a lower gross margin rate than planned in quarter . Abercrombie & Fitch Co says actions already taken to reduce expense by approximately $100 million in 2017 . Abercrombie & Fitch Co says Q4 Abercrombie comparable sales down 13% . Abercrombie & Fitch Co says retail environment is likely to remain "challenging" in 2017 . Abercrombie & Fitch says expects to incur non-cash income tax charge of about $9 million in Q1 due to change in share-based compensation accounting standards.  Full Article

Abercrombie & Fitch says qtrly dividend of $0.20/shr on class A stock
Thursday, 16 Feb 2017 08:00am EST 

Abercrombie & Fitch Co - :Abercrombie & Fitch Co- board of directors declared a quarterly cash dividend of $0.20 per share on class A common stock.  Full Article

Abercrombie & Fitch names Fran Horowitz chief executive
Wednesday, 1 Feb 2017 04:30pm EST 

Abercrombie & Fitch Co : Abercrombie & Fitch Co. names Fran Horowitz chief executive officer and Joanne C. Crevoiserat chief operating officer . Abercrombie & Fitch Co - Joanne Crevoiserat, executive vice president and chief financial officer, has been promoted to chief operating officer . Abercrombie & Fitch Co - Horowitz will also join company's board of directors. . Abercrombie & Fitch Co - Arthur Martinez will continue in role of executive chairman .Abercrombie & Fitch Co - with Horowitz's appointment, office of chairman, which has been leading company since december 2014, has been dissolved.  Full Article

Reg-Abercrombie & fitch co. Reports third quarter results
Friday, 18 Nov 2016 07:30am EST 

Abercrombie & Fitch Co : Abercrombie & fitch co - comparable sales for q3 down 6% . Continued adverse impact from foreign currency on sales and operating income in Q4 . Abercrombie & fitch co- for Q4 of fiscal 2016 sees comparable sales to be challenging . Qtrly abercrombie comparable sales down 14 percent . Will be closing its a&f flagship store in seoul in january 2017 . Qtrly hollister comparable sales flat . Now expects capital expenditures to be approximately $140 million for full year . Abercrombie & fitch - sees for q4, gross margin rate down slightly to last year's adjusted non-gaap rate of 60.7% . Abercrombie & fitch co - anticipates closing about 35 stores in u.s. In q4 through natural lease expirations, in addition to 15 stores closed ytd . Abercrombie & fitch co - company expects to open seven new stores in q4, including five in china and two in u.s. . Abercrombie & fitch-exercised lease kick-out option for a&f flagship store in hong kong, expects to incur lease termination charge of about $16 million in q4 . Reg-Abercrombie & Fitch co. Reports third quarter results . Q3 gaap earnings per share $0.12 . Q3 earnings per share view $0.21 -- Thomson Reuters I/B/E/S . Q3 adjusted non-gaap earnings per share $0.02 excluding items .Q3 sales $821.7 million versus I/B/E/S view $830.6 million.  Full Article

Abercrombie & Fitch saw minor sales disruptions around Brexit vote
Tuesday, 30 Aug 2016 10:55am EDT 

Abercrombie & Fitch Co : Have seen FX headwinds increase post-Brexit, particularly the pound and to lesser degree the euro - Conf Call . Saw a minor disruption in traffic and sales trends around the Brexit vote (in UK) - Conf call Further company coverage: [ANF.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Abercrombie & Fitch Q2 adjusted loss per share $0.25
Tuesday, 30 Aug 2016 07:30am EDT 

Abercrombie & Fitch: Abercrombie & Fitch reports second quarter results . Q2 sales $783.2 million versus I/B/E/S view $782.7 million . Q2 adjusted non-gaap loss per share $0.25 excluding items . Q2 gaap loss per share $0.19 . Q2 earnings per share view $-0.20 -- Thomson Reuters I/B/E/S . Abercrombie & Fitch co says comparable sales for q2 down 4% . "as we look to rest of year, we now expect flagship and tourist locations will continue to weigh on business" . Sees comparable sales to remain challenging through second half of year . Sees adverse effects from foreign currency on sales of approximately $25 million in fiscal 2016 . Sees fiscal 2016 net income attributable to noncontrolling interests of approximately $5 million . Qtrly Abercrombie comparable sales down 7 percent . Abercrombie & fitch co says expects capital expenditures to be at low end of range of $150 million to $175 million for full year . Gaap rate, but down in q3 due to effects from foreign currency . Qtrly Hollister comparable sales down 2 percent .Abercrombie & Fitch co says anticipates closing up to 60 stores in U.S. During fiscal year through natural lease expirations.  Full Article

Abercrombie & Fitch says announces partnership with Zalando
Wednesday, 24 Aug 2016 08:30am EDT 

Abercrombie & Fitch Co : Abercrombie & Fitch Co. announces partnership with Zalando .Entered into a wholesale agreement with Europe fashion platform Zalando.  Full Article

Abercrombie & Fitch says Q1 same store sales fell 4 percent
Thursday, 26 May 2016 07:30am EDT 

Abercrombie & Fitch Co : Abercrombie & Fitch reports first quarter results . Net sales for Q1 of $685.5 million were down 3% over last year, with comparable sales for Q1 down 4% . Gaap net loss per diluted share of $0.59 for Q1 ended april 30, 2016 . Q1 same store sales fell 4 percent . GAAP loss per diluted share for quarter adversely impacted by about $0.05 related to changes in foreign currency exchange rates . Qtrly comparable sales for Abercrombie down 8 percent . Qtrly comparable sales for Hollister flat . "We expect Q2 to remain challenging, but to see better results in back half of year" . Net sales for Q1 of $685.5 million were down 3% . Company continues to expect capital expenditures in range of $150 million to $175 million for full year . Results for quarter reflect significant traffic headwinds, particularly in international markets, in U.S. Flagship and tourist stores . Anticipates closing up to 60 stores in U.S. during fiscal year through natural lease expirations . Gross profit rate for Q1 was 62.1%, 410 basis points higher than last year . Abercrombie & Fitch co sees 2016 gross margin rate up slightly to last year's rate of 61.9% . Abercrombie & Fitch co sees gross margin rate down modestly in Q2 .Q1 earnings per share view $-0.51, revenue view $710.3 million -- Thomson Reuters I/B/E/S.  Full Article

More From Around the Web

BRIEF-Arrowstreet Capital, Limited Partnership reports 3.7 pct passive stake in Abercrombie & Fitch

* Arrowstreet Capital, Limited Partnership reports 3.7 percent passive stake in Abercrombie & Fitch as of March 17 versus 5.3 percent stake as of Dec 31 - SEC filing Source text for Eikon: Further company coverage: