The apparel retailer reported on Wednesday that its third-quarter earnings jumped 15.3% as increased sales offset higher markdown rates. For the period ending Nov. 3, abercrombie (nyse: ANF - news - people ) earned $117.6 million, or $1.29 per share, up from $102.0 million, or $1.11 per share in the third quarter of 2006.
Total sales for the period climbed to $973.9 million, up 12.8% from $863.4 million in the similar period a year prior. Same-store sales for the quarter rose 1%, which includes sales at Hollister and RUEHL brands. Same-store sales at hollister clothing stores grew 3%.
The New Albany, Ohio-based company beat the profit predictions of analyst polled by Thomson Financial, who forecast $1.28 per share. However, abercrombie outlet fell short of the Street's sales estimate of $985.3 million.
2009年10月18日星期日
2009年10月14日星期三
Abercrombie & Fitch to Close Ruehl
In a move that surprises no one, abercrombie and fitch announced that it will be closing Ruehl by the end of the year. Ruehl, which had pretax losses of $58 million last year, wasn’t exactly helping A&F’s bottom line, which itself wasn’t looking all that rosy. Last month the company finally decided to cut prices after refusing to do so for months, even though competitors had already slashed away. And its stock prices had plunged. But the powers that be felt that marking down merch would make the brand seem cheap.Adding to the company’s woes are lawsuits filed by employees who claimed they were discriminated against, including a British woman with a prosthetic arm who was, she says, forced to work in the stockroom for not fitting in abercrombie with the store’s image. Well, at least there’s that new children’s store to keep thecompany afloat.
2009年10月13日星期二
Abercrombie & Fitch downgraded by Susquehanna
An analyst cut his rating on shares of preppy retailer Abercrombie & Fitch Co. on Wednesday, saying that
shoppers are cutting back on purchasing luxury items.
Susquehanna analyst Thomas A. Filandro downgraded the stock to "Neutral" from "Positive" and said abercrombie and fitch
high prices are hurting business since consumers are reluctant to spend money.
"Although select fashion items are resonating with hollister core shoppers, the brand's higher priced
positioning continues to create pressure on average store transactions," Filandro wrote in a client note.
Looking ahead, Filandro said that international expansion is the primary focus for growth, and abercrombie is
on track to open 13 international locations this year.
"Year-to-date, international stores posted revenue of $90 million, accounting for 7 percent of total revenue,
with productivity in excess of the domestic store average," Filandro wrote.
Abercrombie posted quarterly results last week and recorded a second-quarter loss of 30 cents per share, mostly
because of charges and a 23 percent decline in sales.
Shares of Abercrombie declined 13 cents to $31.34.
Copyright 2007 Associated Press. All rights reserved. This material may not be published broadcast, rewritten,
or redistributed
shoppers are cutting back on purchasing luxury items.
Susquehanna analyst Thomas A. Filandro downgraded the stock to "Neutral" from "Positive" and said abercrombie and fitch
high prices are hurting business since consumers are reluctant to spend money.
"Although select fashion items are resonating with hollister core shoppers, the brand's higher priced
positioning continues to create pressure on average store transactions," Filandro wrote in a client note.
Looking ahead, Filandro said that international expansion is the primary focus for growth, and abercrombie is
on track to open 13 international locations this year.
"Year-to-date, international stores posted revenue of $90 million, accounting for 7 percent of total revenue,
with productivity in excess of the domestic store average," Filandro wrote.
Abercrombie posted quarterly results last week and recorded a second-quarter loss of 30 cents per share, mostly
because of charges and a 23 percent decline in sales.
Shares of Abercrombie declined 13 cents to $31.34.
Copyright 2007 Associated Press. All rights reserved. This material may not be published broadcast, rewritten,
or redistributed
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