Abercrombie & Fitch (ANF) Tops Q2 EPS by $1.06

Abercrombie & Fitch (NYSE: ANF) reported Q2 EPS of $0.23, $1.06 better than the analyst estimate of ($0.83). Revenue for the quarter came in at $698 million versus the consensus estimate of $658.44 million.

Outlook:

The company has seen, and expects to continue to see, material adverse impacts as a result of COVID-19. As a result, for the third quarter of fiscal 2020, the company expects net sales to be down in the range of 15% to 20% as compared to last year.

As the current circumstances and the impacts of COVID-19 on the company’s operations, including the duration and impact on overall customer demand, are dynamic, the company is not providing additional details for the third quarter or full year of fiscal 2020.

For earnings history and earnings-related data on Abercrombie & Fitch (ANF) click here.

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