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.


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