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Shares of Abercrombie & Fitch (NYSE:ANF) rose 9% in pre-market trading after the company reported Q2 results.
Quarterly Results
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Earnings per share rose 147.92% year over year to $0.23, which beat the estimate of ($0.83).
Revenue of $698,328,000 decreased by 16.97% from the same period last year, which beat the estimate of $658,440,000.
Guidance
Q3 revenue expected to be between $690,778,000 and $733,951,000.
Conference Call Details
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Date: Aug 27, 2020
Time: 08:30 AM
ET Webcast URL: https://edge.media-server.com/mmc/p/5f8hq5fa
Price Action
52-week high: $18.83
52-week low: $7.42
Price action over last quarter: Up 3.01%
Company Overview
Abercrombie & Fitch Co is a specialty retailer that sells casual clothing, personal-care products, and accessories for men, women, and children. It sells direct to consumer through its stores and websites, which include the Abercrombie & Fitch, Abercrombie kids, and Hollister brands. Most stores are in the United States, but the company does have many stores in Canada, Europe, and Asia. All stores are leased. Abercrombie ships to well over 100 countries via its websites. The company sources its merchandise from dozens of vendors that are primarily located in Asia and Central America. Abercrombie has two distribution centers in Ohio to support its North American operations. It uses third-party distributors for sales in Europe and Asia.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.