Wednesday, March 12, 2014

The American recreational popular Abercrombie& Fitch raises a whole year income expectation

Abercrombie & Fitch Co. (NYSE:ANF) Christmas day off quarter's selling the range of fall is smaller than an anticipant low double of number fall, the group consequently raises income expectation in the world.The news comes from the expectation of investor and stimulates Abercrombie& amp; Fitch Co. (NYSE:ANF) January 9 the dish trade a time to soar more than 16% behind.
Abercrombie & Fitch Co. (NYSE:ANF) at up to January 4, 2014 of nine weeks ago together store sale than was 6% up to nine weeks ago falling of January 5, 2013, among them the United States together store sale and nations sold with store respectively compare 2012 same period together compare descend 4% and 10%, directly face a consumer(namely electronic commerce) to increase with store sale to record 25% growths, the section contributes 25% sales for group.
because the actual sale excels expectation and is cutting down cost last effort, group the whole yearses adjust after each income expects of the zone re- key up into USD 1.55-1.65, the group announces for three quarters, and the degree wealth told the time to once expect whole year income USD 3.15-3.25 to significantly descend to adjust into USD 1.40-1.50 and cannot compare with USD 1.96 that the analyst predicts from each income.
the crest live shareholder pressure and Abercrombie& amp; Fitch Co. (NYSE:ANF) success continuously invite of chief executive officer Mike Jeffries report in the accomplishment in mean:"Under the retail price environment that be full of to challenge and promotion, we feel joy for this quarter up to now being more than an anticipant performance."
Abercrombie& amp; Fitch Co. (NYSE:ANF) just together compare to reduce 11.7% to USD 1,033,000,000 in three quarters, and is turned Kui by the Ying up to the clean sale inside the degree on November 2, 2013, the clean deficiency attains USD 15,644,000, each one loss in business USD 0.20 after the dilution.Together the three quarters degree store sale can record to compare for two quarters, degree(10%) larger fall(14%), continuously for the seventh quarters the degree appears to atrophy.
the group declare a rightness of underneath underwears brand Gilly Hicks carry on a reorganization, the plan closes independent store in the door of 28 all Gilly Hickses in the next year four year agos.The group anticipates the reorganization's plan to produce the expenditure of USD 90,000,000-100,000,000, and result in before the tax lossing in business of USD 30,000,000 in the this wealth year.
Abercrombie & Fitch Co. (NYSE:ANF) will on February 26 opening quotations before announce the degree of the four seasons wealth report.

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