Seeking Alpha

Watch for a vanishing act at Abercrombie & Fitch

  • Abercrombie & Fitch (ANF +5%) can pull a vanishing act rather quickly with 67% of its store leases expiring before 2017.
  • The company revealed today it would close 60 to 70 stores by the end of the year.
  • Previous: FQ1 earnings
Comments (1)
  • stuck
    , contributor
    Comments (39) | Send Message
     
    So let me guess.....This is now a growth stock? Abercrombie has had declining numbers for NINE consecutive quarters. They promise growth and fail, they promise margins and miss. The stock goes up only because the analysts in the pockets of the hedge fund constantly reduce forecasts and projections only so the declining numbers meet or beat lowered expectations. I suppose this company will grow because it stores are empty. Since when is declining rent expense a positive when the reason rent is declining is because they have to always close empty stores ?
    2 Jun, 08:11 PM Reply Like
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