Abercrombie (ANF) Posts Q2 Earnings Beat, Sales Fall Y/Y

Abercrombie (ANF) Posts Q2 Earnings Beat, Sales Fall Y/Y

  • August 29, 2020
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Q2 Highlights

Abercrombie Fitch Company Price, Consensus and EPS Surprise

Abercrombie Fitch Company Price, Consensus and EPS Surprise

Abercrombie Fitch Company price-consensus-eps-surprise-chart | Abercrombie Fitch Company Quote

Margins

Other Financials

Store Update

As of Aug 24, 548 stores (out of 639 stores) stayed open in the United States. Internationally, the company has 210 stores, all of which were open.

Outlook

Management expects adverse impacts of the pandemic to persist in the near term. As a result, net sales for third-quarter fiscal 2020 are expected to decline in the range of 15-20% year on year.  It has refrained from providing additional expectations for the third quarter or for fiscal 2020, owing to the ongoing pandemic induced uncertainties. 

Price Performance & Zacks Rank

In the past three months, the Zacks Rank #4 (Sell) company’s shares have lost 14.7% compared with the industry’s surge of 23.2%.

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