Abercrombie
By brand, net sales increased 19% to $709.2 million for Hollister and increased 9% to $484.0 million for Abercrombie from last year.
Verified 25 Oct 2026 · occurred 8 Mar 2018
Detail
first quarter sales: “Fiscal 2018 Outlook For fiscal 2018, the company expects: • Comparable sales to be up low-single digits • Net sales to be up low-single digits, with benefits from changes in foreign currency exchange rates largely offset by the adverse impact from the loss of fiscal 2017's additional week • Changes in foreign currency exchange rates to benefit net sales by approximately $50 million and operating income by approximately $15 million, net of hedging • A gross profit rate up slightly from the fiscal 2017 rate of 59.7%, with some continuing pressure in the first quarter • Operating expenses, excluding other operating income, to be up approximately 1% from fiscal 2017 adjusted non-GAAP operating expense of $2 billion, resulting in expense leverage, while supporting significant incremental investments in strategic initiatives 4 • Other operating income to not be significant, including as a result of gift card breakage now being recognized within net sales due to the adoption of the new revenue recognition accounting standards • A weighted average diluted share count of approximately 71 million shares, excluding the effect of potential share buybacks The company estimates its core tax rate to be in the mid to high 20s based on the Act.”
- Type
- Earnings
- Category
- Financial
Sources
SEC filingas of · verified
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