earnings
confidence medium
sentiment negative
materiality 0.75
ANF Q2 net loss $16.8M vs $108.5M profit YoY; Abercrombie brand strong, Hollister drags
ABERCROMBIE & FITCH CO /DE/
2022-Q2 EPS reported
-$0.65
revenue$1,617,853,000
- Net sales $805.1M, down 6.9% from $864.8M; Abercrombie brand sales highest Q2 since 2015, offset by Hollister weakness.
- Operating loss of $2.2M vs operating income of $114.8M in prior year; gross margin fell to 57.9% from 66.6%.
- Net loss attributable to ANF of $16.8M ($0.33 diluted loss per share) vs net income of $108.5M ($1.69 diluted EPS).
- Company did not provide comparable sales due to COVID-related store closures.