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Abercrombie & Fitch Co (ANF)

ANF on New York Consolidated

15.55USD
17 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Abercrombie & Fitch reports ‍comparable sales for Q3 up 4 pct
Friday, 17 Nov 2017 07:30am EST 

Nov 17 (Reuters) - Abercrombie & Fitch Co :Reg-Abercrombie & Fitch Co. reports third quarter results.Q3 adjusted non-GAAP earnings per share $0.30 excluding items.Q3 GAAP earnings per share $0.15.Q3 sales $859.1 million versus I/B/E/S view $818.9 million.Q3 earnings per share view $0.22 -- Thomson Reuters I/B/E/S.Abercrombie & Fitch Co - ‍Comparable sales for Q3 up 4%​.Abercrombie & Fitch Co sees ‍ Q4 comparable sales to be up low-single digits, and net sales to be up mid- to high-single digits​.Abercrombie & Fitch Co - ‍Now expects capital expenditures to be approximately $110 million for full year​.Abercrombie & Fitch Co - Qtrly hollister comparable sales rose 8 percent.Abercrombie & Fitch Co sees ‍changes in foreign currency exchange rates to benefit net sales in Q4 by approximately $20 million.Abercrombie & Fitch Co sees ‍changes in foreign currency exchange rates to benefit operating income by approximately $5 million, net of hedging in Q4​.Abercrombie & Fitch Co - ‍Ended Q3 with $570.5 million in inventory, an increase of 11% over last year​.Abercrombie & Fitch Co - Qtrly Abercrombie comparable sales fell 2 percent.Abercrombie & Fitch Co - ‍Anticipates closing up to 60 stores in U.S. by year-end through natural lease expirations, including 14 stores closed to date​.Abercrombie & Fitch Co - "‍Abercrombie is beginning to show signs of stabilization"​.  Full Article

Abercrombie & Fitch Co enters second amendment to credit agreement
Thursday, 19 Oct 2017 04:46pm EDT 

Oct 19 (Reuters) - Abercrombie & Fitch Co ::Abercrombie & Fitch Co - ‍as of Oct. 19, unit of co entered second amendment to credit agreement .Abercrombie & Fitch Co - ABL ‍second amendment amends credit agreement, dated as of Aug. 7, 2014​.Abercrombie & Fitch - ‍second amendment amends credit agreement extending maturity date of abl credit agreement from Aug. 7, 2019 to Oct. 19, 2022​.Abercrombie & Fitch - ‍second amendment amends credit agreement modifying ABL credit agreement by reducing letter of credit sub-limit to $50 million​.  Full Article

Abercrombie & Fitch Co appoints Scott D. Lipesky as CFO
Wednesday, 6 Sep 2017 08:30am EDT 

Sept 6 (Reuters) - Abercrombie & Fitch Co ::Abercrombie & Fitch Co appoints chief financial officer.Announced appointment of Scott D. Lipesky as senior vice president and chief financial officer.Lipesky joins co from American Signature Inc.  Full Article

Abercrombie & Fitch Q2 GAAP loss per share $0.23
Thursday, 24 Aug 2017 07:30am EDT 

Aug 24 (Reuters) - Abercrombie & Fitch Co :Abercrombie & Fitch Co reports second quarter results.Q2 adjusted non-GAAP loss per share $0.16 excluding items.Q2 GAAP loss per share $0.23.Q2 sales $779.3 million versus I/B/E/S view $758.6 million.Q2 earnings per share view $-0.33 -- Thomson Reuters I/B/E/S.Says "we expect environment to remain challenging and promotional in second half".Says ‍comparable sales for Q2 were down 1%​.Sees FY 2017 comparable sales to be approximately flat, and flat to up slightly in second half of year.Company anticipates closing approximately 60 stores in U.S. during fiscal year through natural lease expirations.Qtrly Abercrombie comparable sales fell 7‍​ percent.Expects capital expenditures to be approximately $100 million for full year.Sees ‍foreign currency to be a slight benefit to FY 2017 sales and operating income​.Qtrly Hollister comparable sales rose 5‍​ percent.Sees FY 2017 gross profit rate down compared to last year's rate of 61.0%, and approximately flat in second half of year.  Full Article

Abercrombie & Fitch declares quarterly cash dividend of $0.20 per share
Friday, 18 Aug 2017 08:00am EDT 

Aug 18 (Reuters) - Abercrombie & Fitch Co :Reg-Abercrombie & Fitch Co. reports declaration of quarterly cash dividend of $0.20 per share.  Full Article

Abercrombie & Fitch to roll out its new A&F store concept
Friday, 4 Aug 2017 09:20am EDT 

Aug 4 (Reuters) - Abercrombie & Fitch Co :Abercrombie & Fitch continues roll out of its new store concept.Abercrombie & Fitch Co - ‍will open its new A&F store concept at Tysons Corner Center on Saturday, August 5th​.  Full Article

Abercrombie & Fitch says ‍terminated discussions regarding potential transaction​
Monday, 10 Jul 2017 08:15am EDT 

July 10 (Reuters) - Abercrombie & Fitch Co ::Abercrombie & Fitch Co - ‍terminated discussions regarding a potential transaction​.Says company said it does not intend to comment any further on above noted discussions.Abercrombie & Fitch Co - ‍"We believe in prospects for our business and opportunities for our brands​".  Full Article

Abercrombie to bring new A&F store concept to Hong Kong by end of 2017
Thursday, 29 Jun 2017 08:30am EDT 

June 29 (Reuters) - Abercrombie & Fitch Co ::Abercrombie & Fitch Co - announced that it will bring its new A&F store concept to Hong Kong by end of 2017.Abercrombie & Fitch Co - signed agreement with Wharf Holdings, plans to bring brand to Wharf's property, Harbour City.  Full Article

Abercrombie & Fitch Co declares cash dividend of $0.20/shr
Friday, 19 May 2017 04:05pm EDT 

May 19 (Reuters) - Abercrombie & Fitch Co :Abercrombie & Fitch Co reports declaration of quarterly cash dividend of $0.20 per share.  Full Article

Abercrombie & Fitch in preliminary discussions for potential transaction
Wednesday, 10 May 2017 04:40pm EDT 

May 10 (Reuters) - Abercrombie & Fitch Co ::Abercrombie & Fitch Co in preliminary discussions for potential transaction.Abercrombie & Fitch-reported that, after getting expressions of interest, it is in preliminary talks with several parties regarding potential deal.  Full Article

Photo

Abercrombie, Gap rebound spark positive trends in apparel

Abercrombie & Fitch Co's solid showing in the latest quarter and robust holiday season sales forecast on Friday reinforced a raft of earnings reports that suggest a turnaround in the apparel retailing sector. | Video