Abercrombie
(2) Comparable sales are calculated on a constant currency basis.
Verified 25 Oct 2026 · occurred 31 Aug 2018
Detail
third quarter sales: “2 Outlook For fiscal 2018, the company expects: • Comparable sales to be up in the range of 2% to 4% • Net sales to be up in the range of 2% to 4%, with net sales in the third quarter to be approximately flat to last year, including the adverse effects from the calendar shift and changes in foreign currency exchange rates – Changes in foreign currency exchange rates to now benefit net sales and operating income by approximately $20 million and $5 million, respectively, with an adverse impact to net sales of approximately $15 million in the second half of the year – The calendar shift and the loss of fiscal 2017's 53 rd week to adversely impact net sales by approximately $40 million, with benefits to net sales in the first half of the year of approximately $40 million, to be more than offset by adverse impacts to net sales in the third quarter and fourth quarter of approximately $20 million and $60 million, respectively • A gross profit rate up slightly from the fiscal 2017 rate of 59.7% • GAAP operating expense to now be up approximately 2.5% from fiscal 2017 adjusted operating expense of $2 billion, including approximately $14 million of charges related to asset impairment and certain legal matters that will be excluded from adjusted non-GAAP operating expense .”
- Type
- Earnings
- Category
- Financial
Sources
SEC filingas of · verified
Limits. We publish a change only when the source supports it. Continuum cleanup and uncited observations stay off this page.
Alert me when Abercrombie's ownership changes
Get a note when we verify a parent-company change for this brand. No spam — alerts only.