Market Overview

Recap: Abercrombie & Fitch Q2 Earnings

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Shares of Abercrombie & Fitch (NYSE:ANF) rose 9% in pre-market trading after the company reported Q2 results.

Quarterly Results

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

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.

 

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Posted-In: Earnings News