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Abercrombie & Fitch revenue slips 33.9 percent for Q1

Business

Abercrombie & Fitch revenue slips 33.9 percent for Q1

By FashionUnited

28 May 2020

The company reported a Q1 net loss on Thursday. Revenues slipped by 33.9 percent from the same period last year.

The company's net loss for Q1 was -244 million dollars, surged from -19 million dollars a year earlier. Furthermore, revenues slipped to 485 million dollars.

Abercrombie & Fitch (NYSE: ANF) is an American retailer that focuses on casual wear for young consumers and is headquartered in New Albany, Ohio, a suburb of Columbus. The Company operates more than 865 stores across its brands in North America, Europe, Asia and the Middle East, as well as e-commerce sites - Abercrombie.com and Hollisterco.com. Apart from Abercrombie & Fitch, the company operates three offshoot brands: Abercrombie Kids, Hollister Co. and Gilly Hicks.

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