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  • Today

      Show headlines and story abstract
    • 41 minutes ago by Dow Jones
      Companies Mentioned: ANF

      By Sabrina Escobar

      Abercrombie & Fitch topped third-quarter earnings estimates, raised guidance for the full year, and appointed a new chief financial officer. But the stock was falling in premarket trading as sales growth showed signs of gradually decelerating.
    • 47 minutes ago by Dow Jones
      Companies Mentioned: ANF

      By Ben Glickman

      Abercrombie & Fitch lifted its full-year sales guidance after double-digit sales growth in both of its major brands propped up results in the third quarter.
    • 56 minutes ago by Dow Jones
      Companies Mentioned: ANF

      By Ben Glickman

      Abercrombie & Fitch on Tuesday named Robert Ball as its next chief financial officer.

      The New Albany, Ohio, retailer said that Ball would continue to report to Chief Operating Officer Scott Lipesky. Lipesky was appointed CFO of the company in 2017 and last year added the additional responsibility as COO.
    • 1 hour ago by Dow Jones
      Companies Mentioned: ANF

      Abercrombie & Fitch Co.'s stock (ANF) fell 4.2% in premarket trading on Tuesday despite its better-than-expected third-quarter revenue and profit. The company cited strength in its brands and double-digit sales growth for the sixth consecutive quarter. Abercrombie & Fitch said its third-quarter net income rose 10.9% to $131.98 million, or $2.50 a share, from $96.2 million, or $1.83 a share, in the year-ago quarter. Adjusted profit of $2.50 a share beat the FactSet consensus estimate of $2.39 a share. Revenue increased 14% to a record of $1.21 billion, ahead of the analyst estimate of $1.19 billion. Looking ahead, the company now expects 2024 sales to increase by 14% to 15%, up from its earlier estimate for an increase of 12% to 13%. Separately, Abercrombie & Fitch promoted 22-year company veteran Robert Ball to be its financial chief. He previously as senior vice president of corporate finance, investor relations and treasury.
    • 1 hour ago by Dow Jones
      Companies Mentioned: ANF

      Abercrombie & Fitch Co.'s stock (ANF) fell 4.2% in premarket trading on Tuesday despite its better-than-expected third-quarter revenue and profit. The company cited strength in its brands and double-digit sales growth for its sixth quarter in a row. Abercrombie & Fitch said its third-quarter net income rose 10.9% to $131.98 million, or $2.50 a share, from $96.2 million, or $1.83 a share, in the year-ago quarter. Adjusted profit of $2.50 a share beat the FactSet consensus estimate of $2.39 a share. Revenue increased 14% to a record of $1.21 billion, ahead of the analyst estimate of $1.19 billion. Looking ahead, the company now expects 2024 sales to increase by 14% to 15%, up from its earlier estimate for an increase of 12% to 13%. Separately, Abercrombie & Fitch promoted 22-year company veteran Robert Ball to be its financial chief. He previously as senior vice president of corporate finance, investor relations and treasury.

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