Categories Earnings, Retail

Infographic: Key highlights of Abercrombie & Fitch (ANF) Q1 2020 earnings results

Abercrombie & Fitch Co. (NYSE: ANF) reported its financial results for the quarter ended May 2, 2020, on Thursday before the market opens. The results missed analysts’ expectations.

The company posted a wider loss in the first quarter of 2020 due to the adverse tax impacts related to valuation allowances on deferred tax assets and other tax charges as well as material adverse impacts as a result of the COVID-19 pandemic. The top-line plunged by 34% year-over-year.

Abercrombie & Fitch Q1 2020 sales

With stores reopening in the US and the EMEA regions, the company has experienced sales productivity for reopened stores of about 80% and 60%, respectively, as compared to last year’s levels. The company has seen and may continue to see, material adverse impacts as a result of the COVID-19. The company is providing a detailed outlook for Q2 of FY20 due to the impacts of the pandemic on its operations and on the overall customer demand.

Past Performance

Most Popular

Netflix (NFLX): Four reasons why this leader will not be easy to overthrow

Netflix (NASDAQ: NFLX) has for long been the undisputed king of the streaming space. The streaming industry is seeing massive growth with several new players entering the field. It also

Fastenal (FAST) sees strong post-COVID prospects: Is the stock a buy?

The demand for services that involve minimal human interaction is on the rise as people continue to practice social distancing. Fastenal Co. (NASDAQ: FAST), a market-leading supplier of vending machines,

HEXO Corp. (HEXO) Earnings: 3Q21 Key Numbers

HEXO Corp. (NYSE: HEXO) reported its third-quarter 2021 earnings results today. Net revenue rose 2% year-over-year to CAD22.6 million. Net loss narrowed to CAD20.7 million from a loss of CAD19.5

Add Comment
Viewing Highlight