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. 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: US Consumer Tracker Extra: Which Consumers Are Trading Down To Combat Inflation?The Last-Mile Race Intensifies: Target and Walmart Pave the Way in Delivery InnovationOctober 2023 UK Retail Sales: Growth Slides Again Amid High Borrowing Costs and Unfavorable WeatherWeinswig’s Weekly: Understanding Amazon Fashion—Key Insights from Our Annual US Consumer Survey