Abercrombie & Fitch (ANF) -15.8% AH after warning FQ2 (ended July 28) sales totaled $951.4M...

|About: Abercrombie & Fitch (ANF)|By:, SA News Editor

Abercrombie & Fitch (ANF) -15.8% AH after warning FQ2 (ended July 28) sales totaled $951.4M (+4% Y/Y), well below a $1.01B consensus. EPS is expected to come in at $0.15-$0.18, below a $0.33 consensus. Same-store sells fell 10% - 5% in the U.S., and a whopping 26% internationally. June was the weakest month. Gross margin is expected to be down 100 bps Y/Y, and inventory up 20%. Abercrombie now expects FY12 EPS of $2.50-$2.75, below a $3.39 consensus.

Subscribe for full text news in your inbox