Insight Report 2 minutes PremiumAbercrombie & Fitch (ANF) 4Q16 Results: Disappointing Quarter; Comps Still Challenging Coresight Research March 3, 2017 Executive Summary Abercrombie & Fitch reported 4Q16 EPS of $0.71, missing the consensus estimate of $0.75 and down from $0.85 in the year-ago quarter. Total comps were down 5%, beating the consensus estimate of a 5.4% decline. Total revenue was $1.04 billion, down 6.9% from the year-ago period and missing the consensus estimate of $1.05 billion. Total net sales for the Abercrombie brand were $442.4 million, down 13%. Total comps for the Abercrombie brand were also down 13%, missing the consensus estimate of an 11.3% decline. Sales at Hollister were down 2%, to $594.0 million. Comps at Hollister were up 1%, beating the consensus estimate of a 0.5% decline. The company expects comp trends to improve in FY17. Gross margin is expected to be flat compared with FY16 due to continued promotion pressures that will be offset by lower average unit cost. 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: Earnings Insights 4Q24, Week 4: Birkenstock, Hermès, Sprouts and More Post Double-Digit GrowthWalmart Investment Community Meeting 2025: From Low-Margin Retailer to Diversified, Digital Profit Engine, But Tariffs Create UncertaintyRetail Shrink and ORC: Cargo Theft Hits Record Levels in the US, Retail Crime Costs Soar in the UKBeauty Shopping in Focus; Economic Sentiment Turns Negative: US Consumer Survey Insights
