Abercrombie: Fiscal 1Q Earnings Snapshot
Posted May 28, 2020 07:45:23 AM.
Last Updated May 28, 2020 07:46:06 AM.
NEW ALBANY, Ohio (AP) _ Abercrombie & Fitch Co. (ANF) on Thursday reported a loss of $244.1 million in its fiscal first quarter.
On a per-share basis, the New Albany, Ohio-based company said it had a loss of $3.90. Losses, adjusted for non-recurring costs, were $3.29 per share.
The results did not meet Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of $1.31 per share.
The teen clothing retailer posted revenue of $485.4 million in the period, which also did not meet Street forecasts. Eight analysts surveyed by Zacks expected $498.1 million.
Abercrombie shares have declined 25% since the beginning of the year. The stock has decreased 48% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ANF at https://www.zacks.com/ap/ANF
The Associated Press
