By Emily Dattilo
Shares of Abercrombie & Fitch were falling after the retailer narrowly beat quarterly estimates for earnings and sales but issued disappointing guidance.
Abercrombie stock fell 7.5% to $88.87 in premarket trading Wednesday.
For its fourth quarter ended Feb. 1, the company reported adjusted earnings of $3.57 per share, beating Wall Street's call for $3.54, according to FactSet. Revenue of $1.58 billion was above the consensus estimate of $1.57 billion.
"Our expectation in 2025 is to build on the past two years of outstanding results and again deliver profitable growth while strengthening our brands and operating model," CEO Fran Horowitz said in the earnings release.
For its first quarter, Abercrombie anticipates diluted net earnings per share between $1.25 and $1.45, while analysts had forecast $1.96.
For the full year, the company expects earnings of $10.40 to $11.40, while analysts had penciled in $11.28.
The company's board of directors authorized a new $1.3 billion stock repurchase program.
Write to Emily Dattilo at emily.dattilo@dowjones.com
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(END) Dow Jones Newswires
March 05, 2025 08:25 ET (13:25 GMT)
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