Insight Report 2 minutes PremiumAbercrombie & Fitch (ANF) 1Q17 Results: Environment to Remain Aggressively Promotional Coresight Research May 26, 2017 Executive Summary Abercrombie & Fitch reported 1Q17 adjusted EPS of $(0.72) compared with a loss of $0.59 in the year-ago quarter; the consensus estimate called for a loss of $0.70. Total revenues were $661.1 million versus expectations of $651.5 million. Comps were down 3.0%, roughly in line with expectations of a 3.1% decline. Comps at the Abercrombie brand were down 10%, while comps at the Hollister brand (including Gilly Hicks) were up 3%. Geographically, comps were down 3% in the US and down 2% in international markets. Management expects comparable sales to remain challenging in 2Q17 and to see improvement in trends in the back half of the year. The company expects 2Q17 to remain promotional overall. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: US Consumer Tracker: Consumers May Slowly Be Getting Out and About MoreRetailTech: Leading-Edge Loss Prevention—Tackling Theft and Fraud Through RFID, Video Surveillance and MoreInsights Video: Earth Day 2023—Sustainability in RetailAldi To Acquire Winn-Dixie and Harveys Supermarket Banners for Major Southeastern US Expansion
