Why Abercrombie & Fitch’s Shares Fell 15% After Earnings Release?

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Market
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Trefis
ANF: Abercrombie & Fitch logo
ANF
Abercrombie & Fitch

  • Abercrombie & Fitch’s shares fell by more than 15% after the release of first quarter earnings as it missed analyst estimates on both revenues and EPS
  • Portfolio transition for the company’s mainline brand is still not working as indicated by 8% decline in its comparable sales
  • We don’t expect any significant improvement in the upcoming quarters as buyers aren’t spending freely on specialty brands

ANF corrected earnings article

ANF earnings reveiw part two

Relevant Articles
  1. Abercrombie Reports Strong Q2 Beat, Yet Its Stock Tanks 17%: What’s Going On?
  2. Can A Strong Q2 Performance Help Abercrombie Stock Extend Its 80% Gains This Year?
  3. What’s Next For ANF Stock After 47% Gains In A Month?
  4. Is F5 Stock A Better Pick Over Abercrombie After Its Recent 20% Rise?
  5. Up 70% Since Beginning of This Year, Will Abercrombie’s Strong Run Continue Following Q1 Results?
  6. Up 5x Over The Last Twelve Months, Where Is Abercrombie & Fitch Stock Headed?

Have more questions about Abercrombie & Fitch? See the links below:

Notes:

1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for Abercrombie & Fitch
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