Abercrombie & Fitch: further losses in Q1
(CercleFinance.com) - The Abercrombie & Fitch grouip reported new losses in the first quarter of 2018, reaching -42.
2 million dollars at the bottom line.
The group's loss is nevertheless less than in the same period a year earlier (-69.9 million dollars).
This represents a loss of 0.62 dollar per share, vs. 0.91 dollar in Q1 2017.
However, sales increased over the period, relative to Q1 2017, bringing the brand around 731 million dollars (+11%).
For FY 2018, Abercrombie & Fitch also expects sales to increase by between 2% and 4% at constant stores.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
2 million dollars at the bottom line.
The group's loss is nevertheless less than in the same period a year earlier (-69.9 million dollars).
This represents a loss of 0.62 dollar per share, vs. 0.91 dollar in Q1 2017.
However, sales increased over the period, relative to Q1 2017, bringing the brand around 731 million dollars (+11%).
For FY 2018, Abercrombie & Fitch also expects sales to increase by between 2% and 4% at constant stores.
Copyright (c) 2018 CercleFinance.com. All rights reserved.