Abercrombie & Fitch Posts Record Sales in Q4

Abercrombie & Fitch has released preliminary results for its fiscal Q4 and 2012. For the quarter, the company brought in a record $1.47 billion in sales, and netted $157 million ($1.95 per diluted share). Both figures were improvements over Q4 2011's numbers, which were $1.3 billion and $46 million ($0.52), respectively.

On average, analysts were expecting this past quarter's revenue to come in at $1.49 billion, and EPS to amount to $1.96.

For the full year, top line was $4.51 billion, and the firm netted $237 million ($2.85 diluted EPS), against 2011's sales of $4.16 billion, and net of $144 million ($1.60).

On the back of the higher figures, Abercrombie raised its dividend payout. The company is to disburse $0.20 per share on March 19 to stockholders of record of as March 4. The previous distribution was $0.175.

Going forward, the firm provided guidance for the entirety of fiscal 2013. It expects to post EPS of $3.35-$3.45, somewhat lower than the average $3.63 projected by analysts. Additionally, during the year, Abercrombie plans to open new flagship stores in Shanghai and Seoul, while closing around 40-50 stores in the U.S.

The article Abercrombie & Fitch Posts Record Sales in Q4 originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in Abercrombie & Fitch. The Motley Fool has no position in Abercrombie & Fitch. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.