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Stock Market & Financial Investment News

News Breaks
February 26, 2014
07:36 EDTANFAbercrombie & Fitch sees FY14 EPS $2.15-$2.35, consensus $2.32
Sees high-single digit decline in comparable store sales and an approximate 20% increase in comparable direct-to-consumer sales, which does not include any benefit the company may realize during the year from its strategic long-range plan initiatives, but also does not reflect further potential deterioration in underlying trends. Guidance assumes gross margin rate for the full year that is flat to down slightly compared to FY13, with continuing average unit retail pressure and lower shipping and handling revenues relative to sales offsetting average unit cost improvement and a benefit from the company's profit improvement initiative.
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