Categories AlphaGraphs, Earnings, Retail

Abercrombie & Fitch stock jumps 10% on upbeat Q4 results and stronger outlook

Apparel retailer Abercrombie & Fitch (ANF) reported better-than-expected earnings and sales results for the fourth quarter of 2018. The company reported adjusted EPS of $1.35 versus the Street’s estimation of $1.15. Sales stood at $1.16 billion for the quarter ended February 2, 2019 compared to the analysts’ prediction of $1.13 billion. ANF stock soared 10% in the pre-market trading hours on Wednesday.

On a GAAP basis, earnings for the quarter increased to $1.42 per share from $1.05 per share in the same period last year. Comparable sales grew 3% on top of 9% growth in the previous year.

Abercrombie & Fitch (ANF) Q4 2018 earnings - comparable sales

For fiscal 2019, the company expects sales to be up in the range of 2% to 4% and comp sales to be up low-single digits. Abercrombie & Fitch plans to deliver approximately 85 new store experiences through new store prototypes, remodeled stores and right-sizes. The company also predicts to shut down up to 40 stores, primarily in the US.

For the first quarter of 2019, ANF estimates sales to be flat compared to last year and comp sales to be in the range of flat to up 2%. For both the quarter and the year, changes in foreign currency exchange rates are expected to adversely impact sales by approximately $15 million.

“We ended 2018 on a strong note, recording our sixth consecutive quarter and second consecutive full year of positive comparable sales while exceeding $1 billion in annual digital sales,” said CEO Fran Horowitz.

Apparel retailers Ross Stores (ROST) and Urban Outfitters (URBN) posted their recently ended quarterly results yesterday after market close. Ross Stores stock traded in the negative territory today morning as the company’s outlook was below expectations. Shares of Urban Outfitters also traded in the red during pre-market hours, hurt by the weaker outlook for Q1.

ANF shares, which closed down 1.11% at $21.35 on Tuesday, had gained 6% since the beginning of the year and 13% in the past three months period.

 

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

Key highlights from Deere & Co.’s (DE) Q4 2024 earnings results

Deere & Company (NYSE: DE) reported its fourth quarter 2024 earnings results today. Worldwide net sales and revenues decreased 28% year-over-year to $11.14 billion. Net income was $1.24 billion, or

NVDA Earnings: Nvidia Q3 profit jumps, beats estimates

NVIDIA Corporation (NASDAQ: NVDA) on Wednesday reported a sharp increase in adjusted profit and revenue for the third quarter of 2025. Earnings also topped analysts' estimates. The tech firm’s revenues

Lowe’s Companies (LOW): A few points to note about the Q3 2024 performance

Shares of Lowe’s Companies, Inc. (NYSE: LOW) rose over 1% on Wednesday. The stock has gained 8% over the past three months. The company delivered better-than-expected earnings results for the

Comments

  1. Pingback: Lincoln Georgis
  2. Pingback: Academic programs
  3. Pingback: Ovens
  4. Pingback: Human Resources
  5. Pingback: light shows
  6. Pingback: grandpashabet
  7. Pingback: meritking giriş
  8. Pingback: madridbet giriş
  9. Pingback: Economics
  10. Pingback: meritking
  11. Pingback: Hot Plates
  12. Pingback: meritking
  13. Pingback: meritking
  14. Pingback: Student Grievances
  15. Pingback: meritking
  16. Pingback: grandpashabet
  17. Pingback: fuck google
  18. Pingback: fuck google
  19. Pingback: Fiverr Earn
  20. Pingback: Fiverr Earn
  21. Pingback: Fiverr Earn
  22. Pingback: fiverrearn.com
  23. Pingback: fiverrearn.com
  24. Pingback: fiverrearn.com
  25. Pingback: fiverrearn.com
  26. Pingback: 3pl Broker
  27. Pingback: blogging
  28. Pingback: porn
  29. Pingback: FiverrEarn
  30. Pingback: fue
  31. Pingback: FUE
  32. Pingback: Safe moving
  33. Pingback: Local movers
  34. Pingback: Classic Books 500
  35. Pingback: FiverrEarn
  36. Pingback: Fiverr
  37. Pingback: FiverrEarn
  38. Pingback: FiverrEarn
  39. Pingback: FiverrEarn
  40. Pingback: FiverrEarn
  41. Pingback: Sefton Strip Club
  42. Pingback: pupuk
  43. Pingback: partners
  44. Pingback: Sport analysis
  45. Pingback: FiverrEarn
  46. Pingback: FiverrEarn
  47. Pingback: live sex cams
  48. Pingback: FiverrEarn
  49. Pingback: FiverrEarn
  50. Pingback: FiverrEarn
  51. Pingback: FiverrEarn
  52. Pingback: FiverrEarn
  53. Pingback: sns
  54. Pingback: FiverrEarn
  55. Pingback: sikiş
  56. Pingback: cheap sex cams
  57. Pingback: canine probiotics
  58. Pingback: grandpashabet
  59. Pingback: live sex cams
  60. Pingback: rare breed-trigger
  61. Pingback: grandpashabet
  62. Pingback: grandpashabet
  63. Pingback: Litigio fiscal
  64. Pingback: 늑대닷컴
  65. Pingback: Megaways slot
  66. Pingback: nangs near me
  67. Pingback: superslot
  68. Pingback: allgame
  69. Pingback: 918kiss
  70. Pingback: หวย24
  71. Pingback: pg slot
  72. Pingback: child porn
  73. Pingback: Raahe Guide
  74. Pingback: slot online
  75. Pingback: resort lake placid
  76. Pingback: megagame
  77. Pingback: 44 mag ammo
  78. Pingback: masumintl.com
  79. Pingback: ItMe.Xyz
  80. Pingback: itme.xyz
  81. Pingback: Bokeo Thailand
  82. Pingback: itme.xyz
Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top