Abercrombie & Fitch Company Stock News

(Bloomberg) -- Abercrombie & Fitch Co. fell as much as 11% in early trading Wednesday after supply-chain woes in the crucial holiday quarter drove it to report disappointing earnings.

U.S. retailers Abercrombie & Fitch Co. (ANF) and Dollar Tree Inc. (DLTR) on Wednesday reported results for the fourth quarter, with results at Abercrombie & Fitch missing analysts'' estimates, while profit at Dollar Tree surpassed analysts'' expectations, but quarterly revenues missed them.

Abercrombie (ANF) delivered earnings and revenue surprises of -10.94% and 1.61%, respectively, for the quarter ended January 2022. Do the numbers hold clues to what lies ahead for the stock?

Abercrombie & Fitch Co. shares sank 8% in Wednesday premarket trading after the clothing and accessories retailer reported fourth-quarter earnings and sales that missed expectations. The company posted net income of $65.5 million, or $1.12 per share, down from $82.4 million, or $1.27 per share, last year. Adjusted EPS of $1.14 missed the FactSet consensus of $1.27. Sales of $1.161 billion edged up from $1.122 billion last year and missed the FactSet consensus for $1.183 billion. "Following inventory receipt delays that impacted the peak holiday selling period, sales trends initially improved as product began to arrive," said Chief Executive Fran Horowitz in a statement. "While mid-January was impacted by the Omicron surge, sales rebounded in late January as cases fell and new assortments set." The company says it doesn''t anticipate significant inventory issues for the remainder of the quarter. Abercrombie brands include the namesake and Hollister. For the first quarter, Abercrombie is guiding for a sales increase in the low-single digits.

Abercrombie & Fitch Co (ANF) CEO Fran Horowitz on Q4 2022 Results - Earnings Call Transcript

Clothes retailer Abercrombie & Fitch missed quarterly sales estimates on Wednesday with product shortages and omicron-driven Covid-19 curbs taking the shine off holiday-season business, sending shares down 7%.

Abercrombie & Fitch Co. press release (ANF): Q4 Non-GAAP EPS of $1.14 misses by $0.13.Revenue of $1.16B (+3.6% Y/Y) misses by $20M.Shares -3.46% PM.For fiscal 2022, the…

(Reuters) – Clothes retailer Abercrombie & Fitch Co missed quarterly sales estimates on Wednesday with Omicron-driven COVID-19 curbs in some places taking the shine off holiday season business. The Ohio-based company’s net sales rose to $1.16 billion in the fourth quarter from $1.12 billion a year earlier, compared with analysts’ estimates of $1.18 billion, according … Read More

NEW ALBANY, Ohio, March 02, 2022 (GLOBE NEWSWIRE) -- Abercrombie & Fitch Co. (NYSE: ANF) today announced results for the fourth quarter and fiscal year ended January 29, 2022. These compare to resu

The teen basics retailer reported earnings, which appear to have contained more bad news than good news.

Abercrombie & Fitch has made a successful transition to an omnichannel retailer, largely out of necessity because of the pandemic and its effect on the retail industry for the past couple of years. Th

Abercrombie & Fitch Co (NYSE: ANF) shares are down nearly 20% on Wednesday after the lifestyle retailer reported its fiscal fourth-quarter results that came in shy of Wall Street estimates. Highlights

Abercrombie & Fitch Co (NYSE: ANF) reported fourth-quarter FY21 sales growth of 3.5% year-on-year, to $1.16 billion, missing the consensus of $1.18 billion. Net sales declined 2% compared to pre-COV

Pre-open movers U.S. stock futures traded higher in early pre-market trade after the Dow Jones tumbled around 600 points in the previous session. Investors are awaiting earnings results from Dollar T

Pre-open movers U.S. stock futures traded higher in early pre-market trade after the Dow Jones tumbled around 600 points in the previous session. Investors are awaiting earnings results from Dollar Tree, Inc. (NASDAQ: DLTR ). American Eagle Outfitters, Inc. (NYSE: AEO ) and Abercrombie & Fitch Co. (NYSE: ANF ). The ADP national employment report for February will be released at 8:15 a.m. ET. Chicago Fed President Charles Evans is set to speak at 9:00 a.m. ET, while Federal Reserve Bank of St. Louis President James Bullard will speak at 9:30 a.m. ET. Fed Chair Jerome Powell is set to testify to Congress on monetary policy at 10:00 a.m. ET. The Federal Open Market Committee will release its Beige Book report at 2:00 p.m. ET. Futures for the Dow Jones Industrial Average jumped 245 points to 33,512.00 while the Standard & Poor’s 500 index futures rose 34.50 points to 4,338.25. Futures for the Nasdaq index climbed 121 points to 14,126.50. Oil prices traded higher as Brent crude futures rose 5.7% to trade at $110.90 per barrel, while …