Abercrombie’s Better-Than-Expected Growth And Long Term Potential Overshadow Weak Guidance
Abercrombie & Fitch missed the consensus estimates with its 2016 comparable sales guidance, but its Q4 comparable sales growth was much better than expected and the company is progressing very well with its portfolio transition across the board. The lackluster guidance can be regarded as a one off case owing to the temporary closures of Hollister stores to be remodeled. Thus, the earnings appear good, which is why Abercrombie’s shares were up more than 5% after the report. From a long term perspective, the company appears in good shape with the revamp of its selling and merchandising strategies.
Have more questions about Abercrombie & Fitch? See the links below:
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