Apparel Retailers’ Past EPS Performance and Future Expectations
In the first quarter of fiscal 2018, Abercrombie & Fitch (ANF) had EPS of -$0.56, much narrower than the -$0.77 analysts had expected. Its reported EPS narrowed YoY (year-over-year) to -$0.62 from -$0.91. Higher sales, operating loss improvement, and lower tax cushioned its bottom line amid rising expenses. Foreign exchange added $0.03 per share to its bottom line.