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Clumsy Rick

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  • Why Abercrombie & Fitch's High PE Should Be History [View article]
    I agree with Geordy- its accounting. If you take the fixed portion of store expenses (rent, D&A, etc) out of sga and add it gm, ANF's gross margins were about 45% and sga about 37% last year. This is not a perfect equalizer by any means as retailers place expenses in different buckets on the P&L but it shows ANF is not that far off its peers.
    Aug 20 10:23 AM | 1 Like Like |Link to Comment
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