Abercrombie & Fitch Beats Expectations; Foot Locker Posts Mixed Results, Outlook Falls Short
- August 23rd, 2023
- 367 views
Abercrombie & Fitch Co. (NYSE: ANF), a well-known apparel retailer, reported second-quarter fiscal 2023 adjusted earnings of $1.10 per share, surpassing the consensus EPS estimate of $0.17. The company's quarterly sales reached $935.30 million, exceeding analysts' projected revenue of $842.38 million.
Looking ahead, Abercrombie expects net sales growth for the full-year fiscal 2023 to be around 10%, a notable increase from the 2% to 4% growth previously projected.
$ANF was trading at $47.50 in pre-market, reflecting an increase of $6.33 (+15.38%).
Foot Locker, Inc. (NYSE: FL), a major player in the retail and athletic footwear sector, reported second quarter 2023 earnings of $0.04 per share, meeting the consensus EPS estimate of $0.04. The company's quarterly revenues amounted to $1.86 billion, slightly below analysts' projected revenue of $1.88 billion.
Foot Locker is revising its full-year 2023 EPS outlook, lowering it to a range of $1.30 to $1.50 from the previous range of $2.00 to $2.25. This adjustment contrasts with the consensus estimate of $2.01 for the period.
In pre-market, $FL was trading at $15.61, down $7.59 (-32.72%).
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
Post Your Comments
Want To Find Some News?
Recent Posts
-
Key Earnings Ahead for Netflix, Fastenal, and U.S. Bancorp
January 18th, 2026Louisville Thunder Appoints Veteran Coach Mike Reed to Lead Program
January 15th, 2026FDA Approves First Treatment for Children With Menkes Disease
January 13th, 2026January 13th, 2026Wall Street Eyes Bank of America, Wells Fargo, Citi Ahead of Earnings
January 11th, 2026




Member Login