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Stock Market & Financial Investment News

News Breaks
February 26, 2014
10:27 EDTAPP, ARO, GPS, ANF, AEOAbercrombie rises after beating high-end of Q4 earnings expectations
Shares of apparel retailer Abercrombie & Fitch (ANF) are rising after the company reported higher than expected fourth quarter earnings. WHAT'S NEW: The company reported fourth quarter earnings per share excluding items of $1.34 on revenue of $1.3B. Analysts were looking for fourth quarter earnings per share of $1.03 on revenue of $1.36B, according to First Call. The consensus range for earnings per share was 92c-$1.17 on revenue of $1.25B-$1.67B. Abercrombie & Fitch also reported fourth quarter same-store sales were down 8%. WHAT'S NOTABLE: Abercrombie & Fitch announced that its board approved a $150M accelerated share repurchase to be executed during the first quarter of FY14. The company forecast a high-single digit decline in comparable store sales and an approximate 20% increase in comparable direct-to-consumer sales in FY14. The company also said it sees a significant increase in planned marketing spend in FY14 and anticipates opening 16 full-priced international stores throughout the year. OTHERS TO WATCH: Retail rivals to Abercrombie & Fitch include American Eagle Outfitters (AEO), Aeropostale (ARO), American Apparel (APP), and Gap (GPS). PRICE ACTION: During mid-morning trading, shares of Abercrombie & Fitch rose about 8% to $38.84, while Aeropostale was up almost 5%, American Eagle gained 3%, and American Apparel and Gap both advanced about 1%.
News For ANF;AEO;ARO;APP;GPS From The Last 14 Days
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February 8, 2016
19:07 EDTGPSOn The Fly: After Hours Movers
HIGHER: Silver Spring (SSNI), up 22.2% after giving fourth quarter and fiscal 2016 guidance... Gap (GPS), up 2.8% after reporting January Same-Store Sales and giving guidance for Q4 as well as FY15. DOWN AFTER EARNINGS: Qualys (QLYS), down 6.7%... Twenty-First Century Fox (FOXA, FOX), down 4.4% and 2.3%, respectively... Compass Minerals (CMP), down 3.5%... Bristow Group (BRS), down 2.5%.
17:00 EDTGPSGap narrows FY15 EPS view to $2.41-$2.42 from prior $2.38-$2.42, consensus $2.36
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16:22 EDTGPSGap reports Q4 SSS down 7%
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16:21 EDTGPSGap reports Q4 revenue $4.39B, consensus $4.46B
16:20 EDTGPSGap sees Q4 EPS 56c-57c, consensus 53c
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16:19 EDTGPSGap narrows FY15 EPS view to $2.41-$2.42, consensus $2.36
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16:17 EDTGPSGap reports January SSS down 8%
Gap Inc.'s comparable sales for January 2016 were down 8 percent versus negative 3 percent last year. Comparable sales by global brand for January 2016 were as follows: Gap Global: negative 6 percent versus negative 9 percent last year; Banana Republic Global: negative 17 percent versus positive 2 percent last year Old Navy Global: negative 6 percent versus positive 3 percent last year.
January 29, 2016
14:39 EDTAROAeropostale by-law change suggests potential for 'go-private' deal, says Stifel
Stifel analyst Richard Jaffe noted that Aeropostale amended and restated its by-laws earlier this week so that any director, or the entire board, may be removed, with or without cause, by the holders of a majority of the shares, which he believes makes the possibility of the company getting bought out, perhaps in a "go-private" deal led by Sycamore, both easier and more likely. However, Jaffe keeps a Hold rating on shares as he believes the stock is fully valued based on its fundamentals.

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