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Abercrombie & Fitch (ANF) 4Q15 Results: Mixed Quarter as Same-Store Sales Turn Positive

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Coresight Research

Key Points

  • Abercrombie & Fitch reported 4Q15 revenues of $1.1 billion, down 0.6% but slightly above the consensus estimate. On a constant-currency basis, revenues increased by 2.0%. Comparable sales increased by 1% on a constant-currency basis, the first increase in more than three years, beating the consensus estimate of flat sales.
  • The company reported adjusted EPS of $1.08 for the quarter, down 6.3% from the year-ago quarter but above the consensus estimate of $0.99. The upside was driven by strong holiday online sales, demand for the Hollister brand and the company’s shift to softer styles from logo-splashed apparel.
  • For 2016, the company expects flat to slightly positive comp sales, compared with the consensus estimate of a 0.8% increase.
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