Abercrombie & Fitch Co. Reports Earnings Results for the Fourth Quarter and Full Year Ended January 28, 2023
March 02, 2023 at 04:56 pm EST
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Abercrombie & Fitch Co. reported earnings results for the fourth quarter and full year ended January 28, 2023. For the fourth quarter, the company reported sales was USD 1,199.81 million compared to USD 1,161.35 million a year ago. Net income was USD 38.33 million compared to USD 65.51 million a year ago. Basic earnings per share from continuing operations was USD 0.78 compared to USD 1.18 a year ago. Diluted earnings per share from continuing operations was USD 0.75 compared to USD 1.12 a year ago.
For the full year, sales was USD 3,697.75 million compared to USD 3,712.77 million a year ago. Net income was USD 2.82 million compared to USD 263.01 million a year ago. Basic earnings per share from continuing operations was USD 0.06 compared to USD 4.41 a year ago. Diluted earnings per share from continuing operations was USD 0.05 compared to USD 4.2 a year ago.
Abercrombie & Fitch Co., through its subsidiaries, is a global, digitally led omnichannel retailer. The Company offers a range of assortment of apparel, personal care products and accessories for men, women, and kids, which are sold primarily through its Company-owned stores and digital channels, as well as through various third-party arrangements. The Companyâs brands include Abercrombie brands, which includes Abercrombie & Fitch and abercrombie kids, and Hollister brands, which includes Hollister and Gilly Hicks. Its geographic segments include Americas, EMEA, and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa. The APAC segment includes operations in the Asia-Pacific region, including Asia and Oceania. The Company operates 40 international franchise stores across the Companyâs brands primarily located within the Americas and EMEA region.
ABERCROMBIE & FITCH CO. 
