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Abercrombie & Fitch Co (ANF.N)

ANF.N on New York Stock Exchange

15.55USD
17 Nov 2017
Change (% chg)

$3.00 (+23.90%)
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$12.55
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Volume
3,763,293
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Latest Key Developments (Source: Significant Developments)

Abercrombie & Fitch reports ‍comparable sales for Q3 up 4 pct
Friday, 17 Nov 2017 

Nov 17 (Reuters) - Abercrombie & Fitch Co :Reg-Abercrombie & Fitch Co. reports third quarter results.Q3 adjusted non-GAAP earnings per share $0.30 excluding items.Q3 GAAP earnings per share $0.15.Q3 sales $859.1 million versus I/B/E/S view $818.9 million.Q3 earnings per share view $0.22 -- Thomson Reuters I/B/E/S.Abercrombie & Fitch Co - ‍Comparable sales for Q3 up 4%​.Abercrombie & Fitch Co sees ‍ Q4 comparable sales to be up low-single digits, and net sales to be up mid- to high-single digits​.Abercrombie & Fitch Co - ‍Now expects capital expenditures to be approximately $110 million for full year​.Abercrombie & Fitch Co - Qtrly hollister comparable sales rose 8 percent.Abercrombie & Fitch Co sees ‍changes in foreign currency exchange rates to benefit net sales in Q4 by approximately $20 million.Abercrombie & Fitch Co sees ‍changes in foreign currency exchange rates to benefit operating income by approximately $5 million, net of hedging in Q4​.Abercrombie & Fitch Co - ‍Ended Q3 with $570.5 million in inventory, an increase of 11% over last year​.Abercrombie & Fitch Co - Qtrly Abercrombie comparable sales fell 2 percent.Abercrombie & Fitch Co - ‍Anticipates closing up to 60 stores in U.S. by year-end through natural lease expirations, including 14 stores closed to date​.Abercrombie & Fitch Co - "‍Abercrombie is beginning to show signs of stabilization"​.  Full Article

Abercrombie & Fitch Co enters second amendment to credit agreement
Friday, 20 Oct 2017 

Oct 19 (Reuters) - Abercrombie & Fitch Co ::Abercrombie & Fitch Co - ‍as of Oct. 19, unit of co entered second amendment to credit agreement .Abercrombie & Fitch Co - ABL ‍second amendment amends credit agreement, dated as of Aug. 7, 2014​.Abercrombie & Fitch - ‍second amendment amends credit agreement extending maturity date of abl credit agreement from Aug. 7, 2019 to Oct. 19, 2022​.Abercrombie & Fitch - ‍second amendment amends credit agreement modifying ABL credit agreement by reducing letter of credit sub-limit to $50 million​.  Full Article

Abercrombie & Fitch Q1 loss per share $0.91
Thursday, 25 May 2017 

May 25 (Reuters) - Abercrombie & Fitch Co ::Abercrombie & Fitch Co reports first quarter results.Q1 loss per share $0.91.Q1 sales $661.1 million versus I/B/E/S view $651.3 million.Q1 earnings per share view $-0.70 -- Thomson Reuters I/B/E/S.Abercrombie & Fitch Co -comparable sales to remain challenging in Q2, with trend improvement in second half of year.Qtrly Abercrombie comparable sales down 10 percent.Abercrombie & Fitch Co sees continued adverse impact from foreign currency on sales and operating income for 2017.Qtrly Hollister comparable sales up 3 percent.Abercrombie & Fitch Co sees net income attributable to noncontrolling interests of approximately $4 million for 2017.Abercrombie & Fitch Co says expect results to improve further in second half of the year.Abercrombie & Fitch Co qtrly comparable sales for Q1 down 3 percent.Abercrombie & Fitch - company plans to open seven full-price stores in fiscal 2017, primarily in U.S. Company also plans to open two new outlet stores.Sees company expects capital expenditures to be approximately $100 million for full year 2017.Abercrombie & Fitch -company anticipates closing approximately 60 stores in U.S. during fiscal year through natural lease expirations.Abercrombie & Fitch Co sees for fiscal 2017, gross margin rate down slightly to last year's adjusted non-gaap rate of 61.0%,with continued pressure in Q2.Says "we continue to tightly manage costs and inventory".  Full Article

Cerberus, American Eagle work on joint bid for Abercrombie & Fitch- WSJ,citing sources
Wednesday, 24 May 2017 

May 24 (Reuters) - :Cerberus, American Eagle work on joint bid for Abercrombie & Fitch- WSJ,citing sources.  Full Article

Cerburus, American Eagle work on joint bid for Abercrombie & Fitch- WSJ
Wednesday, 24 May 2017 

May 24 (Reuters) - :Cerburus, American Eagle work on joint bid for Abercrombie & Fitch- WSJ, citing sources.  Full Article

Arrowstreet Capital reports 5.3 pct passive stake in Abercrombie & Fitch - SEC filing
Monday, 13 Feb 2017 

Arrowstreet Capital Limited Partnership:Arrowstreet Capital Limited Partnership reports 5.3 percent passive stake in Abercrombie & Fitch Co as of Dec. 31, 2016 - SEC filing.  Full Article

Abercrombie & Fitch saw minor sales disruptions around Brexit vote
Tuesday, 30 Aug 2016 

Abercrombie & Fitch Co : Have seen FX headwinds increase post-Brexit, particularly the pound and to lesser degree the euro - Conf Call . Saw a minor disruption in traffic and sales trends around the Brexit vote (in UK) - Conf call Further company coverage: [ANF.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Abercrombie & Fitch Q2 adjusted loss per share $0.25
Tuesday, 30 Aug 2016 

Abercrombie & Fitch: Abercrombie & Fitch reports second quarter results . Q2 sales $783.2 million versus I/B/E/S view $782.7 million . Q2 adjusted non-gaap loss per share $0.25 excluding items . Q2 gaap loss per share $0.19 . Q2 earnings per share view $-0.20 -- Thomson Reuters I/B/E/S . Abercrombie & Fitch co says comparable sales for q2 down 4% . "as we look to rest of year, we now expect flagship and tourist locations will continue to weigh on business" . Sees comparable sales to remain challenging through second half of year . Sees adverse effects from foreign currency on sales of approximately $25 million in fiscal 2016 . Sees fiscal 2016 net income attributable to noncontrolling interests of approximately $5 million . Qtrly Abercrombie comparable sales down 7 percent . Abercrombie & fitch co says expects capital expenditures to be at low end of range of $150 million to $175 million for full year . Gaap rate, but down in q3 due to effects from foreign currency . Qtrly Hollister comparable sales down 2 percent .Abercrombie & Fitch co says anticipates closing up to 60 stores in U.S. During fiscal year through natural lease expirations.  Full Article

Abercrombie & Fitch says announces partnership with Zalando
Wednesday, 24 Aug 2016 

Abercrombie & Fitch Co : Abercrombie & Fitch Co. announces partnership with Zalando .Entered into a wholesale agreement with Europe fashion platform Zalando.  Full Article

Abercrombie & Fitch says Q1 same store sales fell 4 percent
Thursday, 26 May 2016 

Abercrombie & Fitch Co : Abercrombie & Fitch reports first quarter results . Net sales for Q1 of $685.5 million were down 3% over last year, with comparable sales for Q1 down 4% . Gaap net loss per diluted share of $0.59 for Q1 ended april 30, 2016 . Q1 same store sales fell 4 percent . GAAP loss per diluted share for quarter adversely impacted by about $0.05 related to changes in foreign currency exchange rates . Qtrly comparable sales for Abercrombie down 8 percent . Qtrly comparable sales for Hollister flat . "We expect Q2 to remain challenging, but to see better results in back half of year" . Net sales for Q1 of $685.5 million were down 3% . Company continues to expect capital expenditures in range of $150 million to $175 million for full year . Results for quarter reflect significant traffic headwinds, particularly in international markets, in U.S. Flagship and tourist stores . Anticipates closing up to 60 stores in U.S. during fiscal year through natural lease expirations . Gross profit rate for Q1 was 62.1%, 410 basis points higher than last year . Abercrombie & Fitch co sees 2016 gross margin rate up slightly to last year's rate of 61.9% . Abercrombie & Fitch co sees gross margin rate down modestly in Q2 .Q1 earnings per share view $-0.51, revenue view $710.3 million -- Thomson Reuters I/B/E/S.  Full Article