ANF - Abercrombie & Fitch Co. Non-GAAP EPS of $1.14 misses by $0.13 revenue of $1.16B misses by $20M
Abercrombie & Fitch Co. press release (NYSE:ANF): Q4 Non-GAAP EPS of $1.14 misses by $0.13. Revenue of $1.16B (+3.6% Y/Y) misses by $20M. Shares -3.46% PM. For fiscal 2022, the company expects: Net sales to be up 2 to 4% from $3.7 billion in 2021 vs consensus of $3.73B with the U.S. continuing to outperform EMEA and APAC. We expect the increase to be driven by growth in both comparable sales and store count. Gross profit rate to be down around 200 basis points as compared to the fiscal 2021 rate of 62.3%, with 300-400 basis points of cost inflation partially offset by higher average unit retail. Operating expense, excluding other operating income, to be up in a range similar to sales of up 2 to 4% to fiscal 2021 adjusted non-GAAP operating expenses of $1.97 billion, which excluded $12 million in impairment charges. Capital expenditures of approximately $150 million. For the first quarter
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Abercrombie & Fitch Co. Non-GAAP EPS of $1.14 misses by $0.13, revenue of $1.16B misses by $20M