earnings
confidence high
sentiment negative
materiality 0.75
Abercrombie & Fitch Q1 net sales $812.8M but posts operating loss on higher freight costs
ABERCROMBIE & FITCH CO /DE/
2022-Q1 EPS reported
-$0.32
revenue$812,762,000
- Net sales $812.8M (highest Q1 since 2014); diluted EPS loss of $0.32.
- Operating loss of $9.7M vs. operating income of $57.4M in Q1 last year.
- Repurchased 3.3M shares, reducing outstanding share count by 6% from FY-end 2021.
- Results below expectations due to higher-than-expected freight and product costs.