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Abercrombie & Fitch Co (ANF)

ANF on New York Consolidated

13.22USD
26 May 2017
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Latest Key Developments (Source: Significant Developments)

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

Abercrombie & Fitch declares qtrly cash dividend of $0.20/shr
Monday, 23 May 2016 09:00am EDT 

Abercrombie & Fitch Co :Abercrombie & Fitch Co Reports declaration of quarterly cash dividend of $0.20 per share.  Full Article

Abercrombie & Fitch appoints new brand presidents
Monday, 23 May 2016 08:16am EDT 

Abercrombie & Fitch Co : Abercrombie & Fitch Co. Appoints new brand presidents . Kristin Scott has been appointed as brand president of Hollister Co . Stacia Andersen to lead Abercrombie & Fitch/Abercrombie Kids . Andersen was most recently senior vice president of merchandising of Target Corporation .Scott was most recently executive vice president, general merchandise manager at Victoria's Secret.  Full Article

Abercrombie & Fitch Co declares quarterly cash dividend of $0.20 per share on the Class A Common Stock
Monday, 22 Feb 2016 08:45am EST 

Abercrombie & Fitch Co:declared a quarterly cash dividend of $0.20 per share on the Class A Common Stock of Abercrombie & Fitch Co.payable on March 14, 2016 to stockholders of record at the close of business on March 4, 2016.  Full Article

Abercrombie & Fitch Co gives Q4 2015 comparable sales guidance
Friday, 20 Nov 2015 07:31am EST 

Abercrombie & Fitch Co:Says for Q4 2015, company expects Comparable sales to be about flat.  Full Article

Abercrombie & Fitch Co declares quarterly cash dividend
Friday, 20 Nov 2015 07:31am EST 

Abercrombie & Fitch Co:Says On November 18, 2015, Board of Directors declared a quarterly cash dividend of $0.20 per share on the Class A Common Stock of Abercrombie & Fitch Co.payable on December 9, 2015 to stockholders of record at the close of business on December 1, 2015.  Full Article

Abercrombie & Fitch Co reports declaration of quarterly cash dividend
Friday, 21 Aug 2015 06:15pm EDT 

Abercrombie & Fitch Co:Declares a quarterly cash dividend of $0.20 per share on the Class A Common Stock of Abercrombie & Fitch Co., payable on Sep. 9, to stockholders of record at the close of business on Sep. 1.  Full Article

Abercrombie & Fitch Co settles religious discrimination case following supreme court ruling in favor of EEOC - EEOC
Sunday, 19 Jul 2015 08:00pm EDT 

Abercrombie & Fitch Co:A federal appeals court today dismissed Abercrombie & Fitch's appeal of EEOC's religious discrimination case against the company - Equal Employment Opportunity Commission.The case involved Abercrombie's refusal to hire Samantha Elauf, a Muslim, because of her religious practice of wearing a hijab.The U.S. Tenth Circuit Court of Appeals dismissed Abercrombie's appeal of EEOC's case against the company due to Abercrombie's decision to settle EEOC's claims following the U.S. Supreme Court ruling in favor of EEOC.Says has paid $25,670 in damages to Elauf and $18,983 in court costs.The Supreme Court held that an employer may not refuse to hire an applicant if the employer was motivated by avoiding the need to accommodate a religious practice.The case arose when Elauf, then a teenager who wore a headscarf or hijab as part of her Muslim faith, applied for a job at an Abercrombie & Fitch store in her hometown of Tulsa, Okla.Elauf was denied hire for failing to conform to the company's "look policy," which Abercrombie claimed banned head coverings.Elauf then filed a charge with the EEOC, alleging religious discrimination, charging that the company refused to hire Elauf due to her religion, and that it failed to accommodate her religious beliefs by making an exception to its "look policy" prohibiting head coverings.  Full Article

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Abercrombie's same-store sales beat on demand for Hollister brand

Abercrombie & Fitch Co , which has put itself up for sale, posted a smaller-than-expected drop in same-store sales, helped by strong demand for surfwear brand Hollister.