Abercrombie & Fitch shares rise as the teen retailer posts 4Q sales and earnings beats
The Ohio-based group was also upbeat on the year to come
Company
NYSE:ANF
Abercrombie & Fitch is an American fashion retailer focusing on casualwear with over 300 locations in the United States, the brand has embarked on international expansion throughout various world markets.
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The Ohio-based group was also upbeat on the year to come
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The health food chain is broadening its specialty alcoholic beverage section
Abercrombie & Fitch is now guiding fiscal 2018 same-store sales and sales growth in the low-single digits
Executive chairman Arthur Martinez announced he will step down at the end of this fiscal year, February 3
Abercrombie is now guiding fourth quarter same store sales in the low-single digits and sales up in the mid-to-high-single digits
A look at the companies moving the needle ahead of the bell in New York
Analyst Matthew Boss cited operating profit pressures as the company continued its efforts to rebrand away from its sexy reputation
Biotech stocks were in play before the bell in New York ..
The main benchmarks traded in a narrow range throughout the day
A strong performance from its Hollister stores helped A&F’s overall loss come in narrower than expected
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Top brand Hollister was the star performer, with sales rising by 3% on a like-for-like basis
Abercrombie & Fitch has become vulnerable as a takeover target as fierce competition weighs on its profits
US stocks ended on a dull note on Thursday, with the Dow making a symbolic record high at the start of the session and then tickers edging further into the red as the day wore on
The New Albany, Ohio-headquartered group said comparable sales fell by 5% in the fourth-quarter, slightly worse than the 4.9% consensus decline forecast by analysts.
The shares were the worst performers in early trading in New York
All three top US equity tickers fell on Friday in the wake of markets fully pricing in a December rate hike, but they still managed to gain on the week in an extension of the “Trump trade”, albeit far less than a week ago
US stocks cruised to a soft close on Tuesday as the vigil for the non-farm payrolls data and what it could spell for the timing of the next Fed rate hike proved all too consuming for investors
US stocks were lower at midsession on Tuesday as investors began a vigil for the non-farm payrolls data at the end of the week