Abercrombie&Fitch First Quarter Results Meet Expectations

< p > US youth apparel retailer Abercrombie&Fitch Co. (NYSE:ANF) issued a quarterly earnings report, ending the first quarter of May 3, 2014 as a net loss of $23 million 671 thousand, or a loss of $0.32 per share, excluding Gilly Hicks brand restructuring and other expenses, adjusted net loss of $12 million 979 thousand, plus a loss of $0.17 per share, better than analysts' average expected loss of $0.19 per share, Abercrombie Fitch Fitch Co. (NYSE:ANF) share price rose to 7.5%.

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In the first quarter of P, the overall sales of Abercrombie & Fitch Co. fell 2% to 822 million 400 thousand US dollars, compared with 838 million 800 thousand US dollars in the same period last year, and the same store sales fell 4%.

According to brand Abercrombie & Fitch, the income of US $317 million 800 thousand was 2.2% lower than that of US $325 million in the same period last year, while sales in the same store decreased by 1%; Abercrombie kids income was 68 million 500 thousand US dollars, down 6.2% from the 73 million US dollars in the same period last year, while sales in the same store decreased by 6%; Hollister Co. earned 421 million 600 thousand US dollars, which was basically flat compared with 421 million 200 thousand dollars in the same period last year, while sales in the same store dropped by 7%.

By region, the US market revenue fell 6% to 504 million dollars, and international market revenue rose 5% to 318 million dollars.

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< p > > a href= "//www.sjfzxm.com/news/index_c.asp" > Abercrombie & Fitch < /a > Co. chief executive officer Mike Jeffries said that although the teenager "a" and "clothing market" were difficult, the group achieved satisfactory results in the first quarter. "Women's clothing business has been improved," she said.

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< p > Abercrombie & Fitch Co. direct investment channel grew by 27% in the first quarter, of which 22% in the US market and 37% in the international market.

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< p > the first quarter Abercrombie & Fitch Co. gross profit margin was 62.2%, a larger decrease of 370 basis points compared with the same period last year, mainly affected by processing stocks and promotions.

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< p > Abercrombie & Fitch Co. expects that in fiscal year 2015, a href= "//www.sjfzxm.com/news/index_c.asp" > earnings per share < /a > $2.15 to $2.35, which is basically consistent with analysts' average forecast of $2.34, and the gross profit margin is expected to be slightly below the level of 2013 fiscal year.

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< p > group also said that 15 full price stores will be added in the current fiscal year, all in the international market, including a small number of Abercrombie & Fitch brands located in the store outlets of department stores, and 8-10 new discount stores will be added.

Abercrombie & Fitch Co. will continue to implement the customs clearance strategy, which is expected to close 60-70 stores in the US market.

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