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

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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. Up 5x Over The Last Twelve Months, Where Is Abercrombie & Fitch Stock Headed?
  2. Abercrombie Stock Up 40% In Last Month. What’s Next?
  3. Will Abercrombie’s Stock Trade Higher Following Q1 Results?
  4. Abercrombie & Fitch Stock Down 34% LTM, What’s Next?
  5. Does Abercrombie Stock Have More Room To Run?
  6. What to Watch For In Abercrombie & Fitch’s Stock Post Q2?

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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