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BRIEF-Abercrombie & Fitch Q2 GAAP loss per share $0.23
August 24, 2017 / 11:40 AM / a month ago

BRIEF-Abercrombie & Fitch Q2 GAAP loss per share $0.23

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 Source text for Eikon: Further company coverage:

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