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Today - Friday, May 24
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7:23 AM More on Abercrombie & Fitch (ANF): The company was selling, but not as many people were buying in Q1. Comparable store sales fell 15% including direct-to-consumer sales with Hollister off 18% and the Abercrombie & Fitch brand falling 13%. Sales weakened at the end of the quarter even with improving weather patterns. The retailer says "external pressures" led to significant inventory issues during the period. Full-year EPS guidance is taken down to $3.15-$3.25 and Q2 is adjusted to $0.28-$0.33. ANF -7.5% premarket. (PR) Comment!
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