A & F retailer soaring fourth quarter earnings nearly doubled
U.S. teen retailer Abercrombie and Fitch Outlet (ANF) said fourth-quarter net profit nearly doubled, thanks to strong overseas sales, and the United States to improve performance.
As of January 29 of the quarter, the company's net profit from last year's $ 47,500,000, or 53 cents per share, to $ 92,600,000, $ 1.03 per share.
Abercrombie & fitch adjusted earnings per share to 91 cents from a year earlier to $ 1.38, higher than the accepted average, analysts polled by FactSet Research expected $ 1.31.
Revenue rose 23% to 11.5 billion U.S. dollars, consistent with the average estimate of analysts. U.S. revenue increased 13%, international sales jumped 61%.
The company's same-store sales increased 13%.
Abercrombie & Fitch is a highly influential minds of American youth fashion super brand, its total of Abercrombie & Fitch, Abercrombie Kids, Hollister, Ruehl, Ezra Fitch five sub-brands.
Abercrombie and Fitch clothes in which interesting ideas is that almost every quarter in change. A & F ad is the use of all young people like music, sports and other situations, the performance of A & F clothing connotations. In fact, A & F clothing style in the cool element, not inborn. In 1982, David Abercrombie in New York, the company created with the same name David T. Abercrombie, this is one for the wealthy class to provide hunting, fishing and other outdoor activities, clothing suppliers.
And Hollister clothing for 15 to 18 year-old student, Hollister and strive to reflect the style of a California surfing beach, but the style and material difference than a grade A & F, the corresponding lower prices.
Source from www.casualstyle4u.com
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