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Shauna O'Brien Mar 04, 2015
The retailer reported net income of $44.4 million, or 63 cents per share, down 32% from $66.1 million, or 85 cents per share, last year. Excluding special items, earnings fell 22% to $80.8 million, or $1.15 per share. On average, analysts expected to see EPS of $1.15.
Revenue declined 14% to $1.12 from $1.30 billion last year. Analysts expected to see revenue of $1.17 billion.
Comparable store sales dropped 10% in the fourth quarter.
Many consumers are now moving away from ANF’s brands, and shopping at cheaper alternatives. However, even the cheaper alternatives have seen sluggish sales – causing several recent bankruptcies including Wet Seal and Delia’s.
|FLPSX||Fidelity® Low-Priced Stock||10.29%|
|VSCAX||Vanguard Small Cap Index||2.54%|
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