Abercrombie & Fitch Co. (NYSE:ANF) shares slipped despite a profit beat, as margin pressure and a softer outlook weighed on investor sentiment.
Quarterly Snapshot
The company reported fourth-quarter adjusted earnings per share of $3.68, compared with the analyst consensus estimate of $3.57.
Quarterly sales came in at $1.669 billion, matching analyst estimates. Fourth quarter net sales grew 5% to 2024, with balanced growth across regions, brands, and channels, with comparable sales of 1%.
Fran Horowitz, Chief Executive Officer, said, “Our record fourth quarter net sales marked our thirteenth consecutive quarter of growth, with both operating margin and earnings per share at the high end of expectations we shared …