Company Earnings Update 3 minutesRegister for Free AccessAbercrombie & Fitch (ANF) 2Q16 RESULTS: 2H OUTLOOK SUGGESTS LITTLE TO NO IMPROVEMENT OVER 1H Coresight Research August 31, 2016 Executive Summary Abercrombie & Fitch (A&F) reported 2Q EPS of $(0.25) versus consensus of ($0.20). Total revenue was $783.2 million versus expectations of $782.6 million. Comps were down 4%, in-line with consensus. Abercrombie comps were (7)% versus consensus of (7.2)% and Hollister comps were (2)% versus consensus of (2.3)%. Traffic remained a significant headwind in the quarter. Sales recovered in the Hollister European business. Looking toward 2H16, comps are expected to remain challenging with a disproportionate effect from flagship and tourist locations. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Weekly US and UK Store Openings and Closures Tracker 2023, Week 47: US Store Closures Jump by Three-QuartersAugust 2023 US Retail Traffic and In-Store Metrics: Apparel Sector Registers Strongest Growth Amid Store-Based Traffic DeclineEarnings Insights 3Q23, Week 4: Alibaba, Walmart and More Report Positive Sales Growth; Gap, Macy’s and Others See Sales DeclineUS CPG Sales Tracker: Food and Beverages Category Drives Online Growth Slowdown
