What to Expect From Abercrombie & Fitch Earnings

Abercrombie & Fitch Co. (NYSE: ANF) is scheduled to report its fiscal first-quarter earnings Thursday before the markets open. The Thomson Reuters consensus estimates are a net loss of $0.34 per share on $730.91 million in revenue. In the same period last year, the company posted a net loss of $0.17 per share and revenue of $822.43 million.

The company has already announced a quarterly $0.20 dividend to be paid out on June 10, 2015, which is in line with its previous dividends. Abercrombie & Fitch operates nearly 800 stores across the United States and over 150 stores internationally. Currently the company is in search of a new chief executive.

Long-time Abercrombie CEO Mike Jeffries retired in early December after a stormy few years. The shares are down about 30% year to date, roughly from the time since this announcement. This last earnings report did not repair the damage, and it remains questionable if the fiscal first quarter will be capable either.

In its outlook for 2015 from its fiscal fourth-quarter earnings report, Abercrombie said it expects the negative impact on same-store sales as a result of lower logo sales to “modestly abate and neutralize in the second half” of 2015. Headwinds from currency exchange rates are forecast to be “significant.” Gross margins are forecast to be flat to up slightly, driven by cost savings. Abercrombie did not provide an EPS or revenue forecast, but analysts are looking for a full-year EPS of $0.91 on revenues of $3.51 billion.

Shares of Abercrombie & Fitch were down 0.5% to $20.01 Wednesday afternoon. The stock has a consensus analyst price target of $21.96 and a 52-week trading range of $19.34 to $45.50.

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