
Clothes retailer Abercrombie & Fitch Co warned of weaker margins in 2022 after missing holiday-quarter sales and profit estimates due to product shortages and COVID-19 curbs.
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Clothes retailer Abercrombie & Fitch Co warned of weaker margins in 2022 after missing holiday-quarter sales and profit estimates due to product shortages and COVID-19 curbs.
Abercrombie & Fitch Co on Monday forecast holiday-quarter net sales to decline between 5% and 7%, as strong online demand was not enough to cushion the blow from temporary store closures and Covid-19 restrictions.
Abercrombie & Fitch Co beat quarterly sales and profit estimates on Wednesday as its new, smaller stores attracted more shoppers looking for jeans and women’s dresses in the holiday season.
Teen apparel retailer Abercrombie & Fitch trimmed its annual sales growth forecast on Tuesday, blaming political issues from Brexit to the Hong Kong protests for keeping customers away from its stores outside the US.
Abercrombie & Fitch Co cut its full-year sales forecast on Thursday after missing Wall Street estimates in the second quarter, and also announced the appointment of two new global vice presidents.
Abercrombie & Fitch Co missed Wall Street estimates for quarterly same-store sales due to slowing demand for its surf-themed Hollister apparel and forecast second-quarter sales below estimates on Wednesday.
The Ohio-based lifestyle retailer has beaten out analysts’ estimates to report $96.9 million in Q4 earnings, or $1.42 per diluted share, shooting the company’s shares up approximately 22% in morning trading on Wednesday.
Abercrombie & Fitch Co forecast same-store sales for the holiday quarter above analysts’ estimates on Thursday, driven by strong sales at its Hollister and flagship stores.
New York-based fragrance manufacturer Inter Parfums said on Monday that sales in the third quarter gained 4.5% on the back of strong revenues across its Coach and Jimmy Choo lines globally.
Abercrombie & Fitch Co failed to take full advantage of an unusually long summer in Europe as its stock of Hollister brand of summerwear could not keep up with increased demand in the second quarter.