Abercrombie & Fitch Co. - Ordinary Shares - Class A

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Other Pre-Announcement

Abercrombie & Fitch Reports Q3 Results

Published: 11/22/2022 12:38 GMT
Abercrombie & Fitch Co. - Ordinary Shares - Class A (ANF) - .
Reports Third Quarter Results.
Qtrly Net Sales of $880 Million, Down 3%.
Sees FY 2022 Net Sales to Be Down in Range of 2 to 3% From $3.7 Billion in 2021.
Abercrombie & Fitch - Qtrly Net Loss per Diluted Share of $0.04 on a Reported Basis and Net Income per Diluted Share $0.01 on Adjusted Non-GAAP Basis.
Sees Q4 Net Sales to Be Down in Range of 2 to 4% to Fiscal Q4 2021 Level of $1.2 Billion.
Cautiously Optimistic As Holiday Season Kicks Into High Gear.
Sees FY 2022 Operating Margin in Range of 2 to 3%.
Strategically Adjusted Our Inventory Receipts for Holiday and Early-2023.
Have Inventory on Hand to Fulfill Holiday Demand in Peak Black Friday to Christmas Period.
Have Reduced Controllable Spend Where Appropriate.
Abercrombie & Fitch - Leveraging Strong Financial Position to Advance Long-term, Strategic Investments Necessary to Achieve 2025 Always Forward Plan.
FY Net Sales Outlook Includes an Estimated Adverse Impact of Approximately 250 Basis Points From Foreign Currency.
Q3 Earnings per Share View $-0.16, Revenue View $831.1 Million -- Refinitiv Ibes Data (analyst estimates).
FY2023 Revenue View $3.54 Billion -- Refinitiv Ibes Data (analyst estimates).