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. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Weekly US and UK Store Openings and Closures Tracker 2023, Week 50: VF Corporation Boosts US OpeningsCES 2024 Preview: AI Will Be Everywhere in Las VegasRetail-Related Activities Tick Down: China Consumer TrackerEarnings Insights 4Q23, Week 5: Bath & Body Works, TJX Companies and Urban Outfitters See Sales Growth; Best Buy, Lowe’s and Others See Sales Decline
