Abercrombie and Dick’s report

Abercrombie & Fitch ANF 15.90 +0.15 +0.95% reported a 1st Quarter April 2019 loss of $0.29 per share on revenue of $734.0 million. The consensus estimate was a loss of $0.43 per share on revenue of $733.1 million.

ANF expects second quarter revenue of $842.4 million to $859.3 million and continues to expect fiscal year revenue of $3.66 billion to $3.73 billion. The current consensus earnings estimate is revenue of $866.7 million for the quarter ending July 31, 2019 and revenue of $3.68 billion for the year ending January 31, 2020. The street apparently doesn’t like the lowered guidance.

Dick’s Sporting Goods

Dick’s DKS 33.60 -0.26 -0.77% reported 1st Quarter April 2019 earnings of $0.62 per share on revenue of $1.9 billion. The consensus earnings estimate was $0.59 per share on revenue of $1.9 billion.

DKS expects fiscal year earnings of $3.20 to $3.40 per share. The company’s previous guidance was earnings of $3.15 to $3.35 per share and the current consensus earnings estimate is $3.26 per share for the year ending January 31, 2020.

Retailers Designer Brands, Gap, and Costco all report tomorrow.

Don’t forget this post from 5/15…

“If you want to check the numbers yourself, here’s the PDF from census.gov. Here’s the pertinent info… retail sales dropped 0.2% last month, declining in most major segments. This is the second drop in three months. Economists expected a slight climb, so we’re missing on all fronts today. Minus autos and gas, it’s still a 0.2% drop. Electronics, car dealers and home and garden centers were all weaker. The home and garden centers ticking down from March to April is a little scary. Heading further into the planting and spring cleanup season and there are actually less people shopping? Whew, I suppose care on Home Depot and Lowe’s until next months numbers come out to see if this was an anomaly.”

More Retail

Walmart, Target, Home Depot, Kohl’s, and Macy’s all said that the tariffs have forced them to either alter their financial outlooks, remodel carefully crafted supply chains or consider raising price tags for customers.

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