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.

Most Popular

Aurora Cannabis (ACB) Earnings: 3Q21 Key Numbers

Aurora Cannabis Inc. (NYSE: ACB) reported third quarter 2021 earnings results today. Total revenues fell 25% year-over-year to CAD55.1 million. Adjusted EBITDA loss amounted to CAD24 million. Cash balance as

Walt Disney (DIS) Q2 revenue down 13%; earnings beat estimates

Media behemoth The Walt Disney Company (NYSE: DIS) reported second-quarter revenues that declined from last year as customers stayed away from theatres and parks due to pandemic-related safety issues and

Three key factors that bode well for Tattooed Chef (TTCF) going forward

Shares of Tattooed Chef Inc. (NASDAQ: TTCF) have gained 57% over the past 12 months but has dropped 25% since the start of this year. The sentiment on the stock

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top