Abercrombie & Fitch: A Contrarian Investor's Dream, A Retail Turnaround Story
Troy Green • 11 Comments
Troy Green • 11 Comments
Yesterday, 12:53 PM
- A warning from Abercrombie & Fitch (ANF -20.6%) on second-half comparable sales is resonating across the jittery apparel store sector, along with weak reports from DSW (DSW -10.3%) and Christopher & Banks (CBK -19.7%).
- Ascena Retail Group (ASNA -6.6%), Stage Stores (SSI -5.1%), Guess (GES -3.8%), Chico's FAS (CHS -3%), and Francesca's (FRAN -2.8%) are all notably lower after the gloomy sector updates.
- Previously: Abercrombie & Fitch falls hard after weak outlook (Aug. 30)
- Previously: Sales fall short at Christopher & Banks (Aug. 30)
- Previously: DSW sets in-line profit guidance (Aug. 30)
Yesterday, 12:47 PM
Yesterday, 9:15 AM
Yesterday, 7:52 AM
- Shares of Abercrombie & Fitch (NYSE:ANF) slump after the company posted soft Q2 results and cautioned on the back half.
- Same-store sales fell 4.0% during the quarter as traffic headwinds in the domestic mall business persisted and a lower level of tourism impacted results.
- SSS by brand: Abercrombie -7%, Hollister -1%.
- FY16 outlook from A&F: "Comparable sales to remain challenging through the second half of the year, with a disproportionate effect from flagship and tourist locations."
- Previously: Abercrombie & Fitch misses by $0.05, beats on revenue (Aug. 30)
- ANF -11.29% premarket to $20.36.
Fri, Aug. 26, 5:35 PM
Thu, Aug. 11, 9:59 AM
- The retail sector is racking up sizable gains after Macy's set the table with a major store closing announcement (15% of full-line stores).
- Earnings beats at Macy's and Kohl's, along with a surprise upgrade on American Eagle Outfitters (AEO +4.6%) are also helping to boost sentiment.
- Notable gainers include Guess (GES +4.3%), Dillard's (DDS +5.8%), Ascena Retail Group (ASNA +4.6%), Stage Stores (SSI +7.7%), Sears Holdings (SHLD +4.6%), Gap (GPS +3.5%), Abercombie & Fitch (ANF +3.2%), Barnes & Noble (BKS +3.2%), Urban Outfitters (URBN +1.3%), Francesca's (FRAN +2.5%), DSW (DSW +3.5%), Pier 1 Imports (PIR +4%), and Finish Line (FINL +2.4%).
- The S&P 500 Retail ETF (NYSEARCA:XRT) is up 2.1% on the day off the chain store buzz.
- Retail ETFs: XLY, XRT, VCR, RTH, RETL, FXD, IYC, FDIS, SCC, RCD, UCC, PMR, JHMC, CNDF
Wed, Jun. 15, 9:04 AM
- Abercrombie & Fitch (NYSE:ANF) is on watch after Deutsche Bank lifts its rating to Hold from Sell.
- The investment firm thinks that the 31% decline in A&F this year factors in many of the risks associated with soft mall traffic and promotional pressure.
- Deutsche lowers it FY17 EPS estimate to $1.02 vs. $1.14 consensus.
- ANF +2.42% premarket to $19.07.
Thu, May 26, 12:45 PM
Thu, May 26, 11:38 AM
- Weak Q1 numbers from Abercrombie & Fitch (NYSE:ANF) send shares into a tailspin.
- Comparable-store sales were flat at Hollister, but fell 8% at Abercombie brand stores. Management called out "significant" traffic headwinds in the U.S. and abroad.
- Guidance from A&F is for a back-half improvement in comparable-store sales (nothing specific) and for a slight improvement in full-year gross margin rate.
- Shares of ANF are down 17.4% to a six-month low of $20.70.
- Previously: Abercrombie & Fitch misses by $0.08, misses on revenue (May 26)
Thu, May 26, 9:18 AM| Thu, May 26, 9:18 AM | 1 Comment
Thu, May 5, 10:59 AM
- Apparel store stocks trade lower after one of its stalwarts takes it on the chin. L Brands (NYSE:LB) is down 10.5% with even the resilient Victoria's Secret business showing signs of weakness.
- Notable decliners include Urban Outfitters (URBN -3.4%), Guess (GES -3.7%), Francesca's (FRAN -1.8%), Gap (GPS -2.6%), Genesco (GCO -2.8%), Ascena Retail Group (ASNA -3%), Express (EXPR -2%), and Chico's FAS (CHS -2.4%).
- Buckle (BKE -5.8%) and Abercombie & Fitch (ANF -4.5%) are also down, with the former reporting weak April sale and the latter losing an exec on top of the L Brands development.
Fri, Apr. 8, 10:17 AM
- Apparel stocks are getting hammered after Gap's latest monthly sales dud creates a new ripple of worry.
- There's a little bit of a failed feedback loop going on in the sector as teenagers/young adults skip mall visits to spend on other categories while sellers try to innovate their way out of the box. That innovation is leading to excess inventory which in turn leads to more painful discounting
- Decliners include Lululemon (LULU -1.7%), Kate Spade (KATE -1.4%), Deckers Outdoor (DECK -2.5%), Coach (COH -1.6%), Michael Kors (KORS -2.1%), Columbia Sportswear (COLM -1.8%), Carter's (CRI -1.8%), Hanesbrands (HBI -1.3%), Ascena Retail (ASNA -3.9%), Nordstrom (JWN -3.4%), Chico's FAS (CHS -4.2%), Abercrombie & Fitch (ANF -4%), Urban Outfitters (URBN -2.6%), L Brands (LB -3%), Express (EXPR -2.4%), Guess (GES -2.9%), Tailored Brands (TLRD -1.9%) and Zumiez (ZUMZ -2.8%).
- Now read Sell Your Apparel Stocks
Thu, Apr. 7, 12:55 PM
- Mall retailers are trading off today after the news on traffic trends from the small batch of monthly reporters didn't impress.
- Another potential factor was the overall gloomy tone from Pacific Sunwear's (PSUN -45.3%) bankruptcy filing on younger consumers. The retailer noted that discretionary spending from the key demographic is going to dining and technology over apparel.
- Notable decliners include J.C. Penney (JCP -5.1%), Nordstrom (JWN -4.5%), Dillard's (DDS -5.1%), Sears Holdings (SHLD -3.6%), Gap (GPS -3.8%), American Eagle Outfitters (AEO -3.9%), Urban Outfitters (URBN -3.9%), Abercrombie & Fitch (ANF -3%), Express (EXPR -2.2%), Guess (GES -2%), Bucke (BKE -10.2%), Zumiez (ZUMZ -4.4%), and Aeropostale (ARO -9.6%).
- Now read A Few Thoughts Inspired By Saturday Shopping
Tue, Mar. 22, 9:42 AM
Wed, Mar. 2, 9:15 AM
Wed, Mar. 2, 7:38 AM
- Abercrombie & Fitch (NYSE:ANF): Q4 EPS of $1.08 beats by $0.09.
- Revenue of $1.11B (-0.9% Y/Y) beats by $10M.
- Shares +5.66% PM.
Abercrombie & Fitch Co. is engaged in retailing apparel, personal care products and accessories. It operates stores and direct-to-consumer operations. It sells casual sportswear apparel, including knit and woven shirts, graphic t-shirts, fleece, jeans and woven pants, shorts, sweaters,... More
Industry: Apparel Stores
Country: United States