Revenue for the quarter was $890.6 million, missing the consensus estimate of $909.6 million, and lower than the $945.7 million in sales from the same period of 2013.
Net income for the quarter was $12.88 million, or 17 cents per diluted share, up from last year's second quarter figures of $11.37 million, or 14 cents per share. On an adjusted basis, Abercrombie & Fitch reported earnings of 19 cents per share, beating the 11 cents per share analysts expected.
Must Read: 50 Stocks Hedge Funds LoveSTOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. TheStreet Ratings team rates ABERCROMBIE & FITCH as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation: "We rate ABERCROMBIE & FITCH (ANF) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity."
- You can view the full analysis from the report here: ANF Ratings Report