ADVFN - Advanced Financial Network.
HOME» NYSE » A » ANF Stock Price » ANF Stock News

Abercrombie & Fitch Share News

 Abercrombie & Fitch Co. Stock Price
ANF Stock Price
 Abercrombie & Fitch Co. Stock Chart
ANF Stock Chart
 Abercrombie & Fitch Co. Stock News
ANF Stock News
 Abercrombie & Fitch Co. Company Information
ANF Company Information
 Abercrombie & Fitch Co. Stock Trades
ANF Stock Trades

Aeropostale 1Q Profit Down 64% On Weak Sales; 2Q View Downbeat

DOW JONES NEWSWIRES Aeropostale Inc.'s (ARO) fiscal first-quarter profit dropped 64% on weak growth in sales and margins as the teen apparel retailer issued a much lower-than-expected forecast for the current quarter. Looking ahead to the second quarter, the company projected a per-share profit of 11 cents to 16 cents share, well below the estimate of 27 cents a share from analysts polled by Thomson Reuters. "Based on current business trends and uncertainty surrounding the retail environment in the back-half of the year," Aeropostale said it "is not reiterating or providing an update to its previously issued full year guidance." Shares fell 8.6% after-hours to $19.50 Thursday. The stock had been down 20% over the past three months through the close after the company's outlook revision earlier this month sent shares falling. Unlike other mall-based retail chains, Aeropostale posted strong results throughout the recession by gaining market share as a lower-price alternative to rivals such as Abercrombie & Fitch Co. (ANF) and American Eagle Outfitters Inc. (AEO). It has faced stiffer competition in recent months as more retailers discount their goods to court shoppers. Abercrombie on Wednesday said it swung to a fiscal first-quarter profit as margins improved on more expensive sales abroad. "Our outlook for the second quarter reflects our plans to aggressively clear through spring inventories to position ourselves appropriately for the important back to school selling season," Aeropostale Chief Executive Thomas P. Johnson said. "Our goals for the remainder of the year remain very clear--regain balance and clarity in our merchandise assortments, mitigate industry wide cost increases, and manage our cost structure conservatively and carefully." For the quarter ended April 30, Aeropostale posted a profit of $16.4 million, or 20 cents a share, down from $45.4 million, or 48 cents a share, a year earlier. The company two weeks ago slashed its already-downbeat earnings guidance to about 20 cents a share, citing the lower-than-expected sales. Gross margin dropped to 29.1% from 39.4%. Aeropostale also previously reported that net sales increased 1% to $469.2 million, below the $478 million estimate at the time from analysts polled by Thomson Reuters. Same-store sales dropped 7% after rising 8% last year. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909;

Stock News for Abercrombie & Fitch (ANF)
05/22/201516:15:58Current Report Filing (8-k)
05/20/201509:20:19American Eagle Outfitters' Profit Soars
05/20/201508:30:00Abercrombie & Fitch and The National Society of High School Scholars...
05/14/201509:22:16Proxy Statement (definitive) (def 14a)
05/13/201502:45:00Crédit Agricole Group Joins Forces with ANF Immobilier and DCB...
05/13/201502:45:00Le groupe Crédit Agricole rejoint ANF Immobilier et DCB International...
05/07/201502:30:00ANF Immobilier : Nouvelle Gouvernance
05/07/201502:30:00ANF Immobilier: New Governance
05/06/201512:52:00ANF Immobilier : Nombre d’actions et de droits de vote au 30 a...
05/06/201502:42:00ANF Immobilier : Revenue Growth of 18% in the 1st Quarter of...
05/06/201502:42:00ANF Immobilier : Croissance des revenus de +18 % au 1er trimestre...
05/04/201503:13:52Abercrombie & Fitch Co. Coverage Initiated at RBC Capital (ANF)
04/30/201512:44:025 Things Coach Inc Management Wants You to Know
04/22/201516:51:13Current Report Filing (8-k)
04/22/201516:34:48Proxy Statement - Notice of Shareholders Meeting (preliminary...
04/18/201511:41:02Would You Have Guessed This Is the Apparel Retailer Consumers...
04/15/201512:30:00ANF Immobilier : Nombre d’actions et de droits de vote au 31 m...
04/13/201500:42:18If You Absolutely Must Own Retail, Look For Debt-Free Dividend...

Abercrombie & Fitch and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations