Abercrombie & Fitch Q3 2013 Net Income and Sales Report

Abercrombie & Fitch Earnings Highlights

• Report Date:November 21, 2013
• Ticker Symbol: ANF – NYSE
• Company Name: Abercrombie & Fitch Co.
• Reporting Period: Q3-2013

Other Highlights

During Q3 the company opened 9 All Brands, 2 A&F, 1 Abercrombie Kids and 6 Hollister Co. stores, while closing 3 stores each of the All Brands and Hollister Co. brand.

The company also released forward guidance – mostly dismal – for Q4 and fiscal year 2013. Management expects low double-digit decline in comparable store sales for Q4, with significant Gross Margin erosion to follow.

Gross Margin is expected to remain almost flat for the full year. Adjusted EPS (Non-GAP) is expected to come in the range of between $1.40 and $1.50 per diluted share from earlier estimates of of $3.15 to $3.25 per share

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