Earnings

Abercrombie & Fitch ANF Q1 earnings report 2023

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Pedestrians pass in front of an Abercrombie & Fitch Co. store in San Francisco.

David Paul Morris | Bloomberg | Getty Images

Shares of Abercrombie & Fitch soared more than 20% on Wednesday after the mall retailer beat estimates, raised its guidance and reported a surprise profit. 

Here’s how Abercrombie did in its fiscal first quarter compared with what Wall Street was anticipating, based on a survey of analysts by Refinitiv:

  • Earnings per share: 39 cents, adjusted, vs. a loss of 5 cents expected
  • Revenue: $836 million vs. $815 million expected

The company’s reported net income for the three-month period that ended April 29 was $16.57 million, or 32 cents a share, compared with a loss of $16.46…



Source cnbc.com

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