Categories Consumer, Earnings, Retail

Abercrombie & Fitch (ANF): Q4 2019 Earnings Snapshot

— Specialty apparel retailer Abercrombie & Fitch Co. (NYSE: ANF) reported adjusted earnings of $1.31 per share for the fourth quarter of 2019, vs. $1.23 per share expected.

— Net income dropped to $83.13 million or $1.29 per share from $96.94 million or $1.42 per share in the fourth quarter of 2018

Abercrombie & Fitch Comparable Sales Trend

— Net sales moved up 3% annually to $1.18 billion, vs. $1.17 billion expected; comparable store sales were up 1%, compared to 3% growth last year

— The board declared a quarterly cash dividend of $0.20 per share, payable on March 16, 2020, to stockholders of record on March 6, 2020

— Repurchased approximately 4.0 million shares of Abercrombie’s common stock during the quarter

— Expects net sales to be flat to up 2% in fiscal 2020, reflecting the estimated adverse impact of COVID-19 and unfavorable foreign exchange rates

— Expects full-year comparable sales to be down low-single digits; estimates gross profit to be down in the range of 50 basis points to 70 basis points year-over-year

— In the first quarter of 2020, net sales are expected to be down mid-single digits, reflecting the COVID-19 and foreign currency impacts

— First-quarter comparable sales are expected to be down mid-single digits; estimates gross profit to be down in the range of 100 basis points to 150 basis points

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Also Read:  The COVID-19 pandemic gave these companies an unexpected opportunity

Most Popular

What awaits Herman Miller (MLHR) beyond the home-office rush?

Herman Miller Inc. (NASDAQ: MLHR) is one of the few Wall Street firms that managed to take advantage of the opportunities created by the pandemic, after being hit by the

Cognizant’s (CTSH) buying spree in 2020

Cognizant Technology Solutions (NASDAQ: CTSH) has been on a buying spree in 2020. The portfolio of the acquisitions that Cognizant made this year is expected to help the company in

Major earnings conferences to watch for the week of Sept. 21

After registering a slow recovery in the first half of the week, the markets pared these gains on Thursday and Friday. The weakness witnessed in the latter half of the

One thought on “Abercrombie & Fitch (ANF): Q4 2019 Earnings Snapshot

Comments are closed.

Top