
Young adult apparel retailer Abercrombie & Fitch (NYSE: ANF) will be announcing earnings results tomorrow before market hours. Hereโs what you need to know.
Abercrombie and Fitch beat analystsโ revenue expectations by 1.2% last quarter, reporting revenues of $1.58 billion, up 9.1% year on year. It was a slower quarter for the company, with EPS guidance for next quarter missing analystsโ expectations significantly and a miss of analystsโ gross margin estimates.
Is Abercrombie and Fitch a buy or sell going into earnings? Read our full analysis here, itโs free.
This quarter, analysts are expecting Abercrombie and Fitchโs revenue to grow 4.1% year on year to $1.06 billion, slowing from the 22.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.37 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Abercrombie and Fitch has missed Wall Streetโs revenue estimates twice over the last two years.
Looking at Abercrombie and Fitchโs peers in the apparel and footwear retail segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Urban Outfitters delivered year-on-year revenue growth of 10.7%, beating analystsโ expectations by 2.5%, and Boot Barn reported revenues up 16.8%, falling short of estimates by 0.9%. Urban Outfitters traded up 23% following the results while Boot Barn was also up 16.5%.
Read our full analysis of Urban Outfittersโs results here and Boot Barnโs results here.
There has been positive sentiment among investors in the apparel and footwear retail segment, with share prices up 8.8% on average over the last month. Abercrombie and Fitch is up 4.5% during the same time and is heading into earnings with an average analyst price target of $117.80 (compared to the current share price of $73.88).
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