logo
Share SHARE
FONT-SIZE Plus   Neg

Abercrombie & Fitch Q3 Profit Increases - Quick Facts

Abercrombie & Fitch Co. (ANF) reported third-quarter net income of $71.5 million and net income per share of $0.87 for the thirteen weeks ended October 27, 2012, compared to net income of $50.9 million and net income per share of $0.57 for the thirteen weeks ended October 29, 2011.

Net sales for the thirteen weeks ended October 27, 2012 increased 9% to $1.170 billion from $1.076 billion for the thirteen weeks ended October 29, 2011. Total comparable store sales for the quarter decreased 3%.

Analysts polled by Thomson Reuters expected the company to report profit of $0.59 per share on revenue of $1.11 billion for the quarter. Analysts' estimates typically exclude special items.

The company is now projecting full year earnings per share of approximately $2.85 to $3.00. Analysts expect the company to report 2012 profit per share of $2.48.

On November 13, 2012, the Board of Directors declared a quarterly cash dividend of $0.175 per share on the Class A Common Stock of Abercrombie & Fitch Co. payable on December 11, 2012 to shareholders of record at the close of business on November 26, 2012.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
French car maker Renault SA reported Friday higher profit in its fiscal 2015, with strong growth in automotive profit and revenues. The company announced higher dividend. Looking ahead, for fiscal 2016, Renault expects to increase group revenues at constant exchange rates and improve group operating margin. Shares of Rolls-Royce Holdings Plc were gaining around 13 percent in the morning trading in London after the engine maker reported more-than doubled profit in its fiscal year 2015, with lower one-time items. Underlying earnings were hurt by weakness in Marine markets. Further, the company halved its dividends, and still expects lower revenues next year. German steel giant ThyssenKrupp AG reported a loss in its first quarter, compared to last year's profit as sales and orders were hurt by sharp deterioration in materials businesses. The company said its overall performance in the first quarter was within its full-year forecast corridor. Looking ahead, the company continues to expect higher net income and flat sales for fiscal 2016.
comments powered by Disqus
RELATED NEWS
Trade ANF now with 
Follow RTT