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
British integrated oil and gas major BP Plc. (BP.L, BP_UN.TO, BP) Tuesday announced a narrower replacement cost loss for the second quarter from the prior year. Revenues were hit by lower oil prices. The company said the results draws a line under Deepwater Horizon liabilities, despite strong operations... Telecommunications giant Verizon Communications, Inc. on Tuesday an 83 percent plunge in profit for the second quarter from last year on lower revenues and higher expenses. However, adjusted earnings per share for the quarter topped analysts' expectations, while revenues missed their estimates. Telecommunications giant Verizon Communications, Inc. on Tuesday an 83 percent plunge in profit for the second quarter from last year on lower revenues and higher expenses. However, adjusted earnings per share for the quarter topped analysts' expectations, while revenues missed their estimates.
comments powered by Disqus
Follow RTT