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Abercrombie & Fitch -2% after double-digit comp fall

Mar. 04, 2015 7:54 AM ETAbercrombie & Fitch Co. (ANF)ANFBy: Clark Schultz, SA News Editor
  • Abercrombie & Fitch (NYSE:ANF) reports comparable-store sales fell 10% in FQ4.
  • Comparable sales by brand: Abercrombie & Fitch -9%, abercrombie kids -6%, Hollister -11%.
  • The company says direct-to-consumer sales decelerated in the quarter due to problems in Europe
  • Gross profit rate +190 bps to 60.9% on lower unit costs.

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