Abercrombie reports 1Q loss
NEW ALBANY, Ohio (AP) — Abercrombie & Fitch Co. (ANF) on Thursday reported a loss of $63.2 million in its fiscal first quarter.
On a per-share basis, the New Albany, Ohio-based company said it had a loss of 91 cents. Losses, adjusted for non-recurring costs, were 53 cents per share.
The results did not meet Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for a loss of 34 cents per share.
The teen clothing retailer posted revenue of $709.4 million in the period, which also fell short of Street forecasts. Fourteen analysts surveyed by Zacks expected $733.7 million.
Abercrombie shares have fallen 31 percent since the beginning of the year. The stock has decreased 46 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ANF at http://www.zacks.com/ap/ANF
Keywords: Abercrombie & Fitch, Earnings Report