Comment-To The Moon - Tiger Brokers Online Investing Community - To The Moon

4
2
Favorite

PeggyOng
2021-08-27

Comment

Abercrombie shares tumble as supply chain constraints, delayed back-to-school purchases hurt sales

KEY POINTS Abercrombie & Fitch shares tumbled Thursday after the apparel retailer reported disappoi

Abercrombie shares tumble as supply chain constraints, delayed back-to-school purchases hurt sales

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

4

Report

Comment（2）

Top
Latest

JayTan
·2021-08-27
reply back thks
Reply
Like
Report
Fold Replies
- MoneyCub:
  Ok
  2021-08-27
  Reply
  Report

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":810746827,"tweetId":"810746827","gmtCreate":1630019575669,"gmtModify":1676530199503,"author":{"id":3577533316536359,"authorId":3577533316536359,"authorIdStr":"3577533316536359","name":"PeggyOng","avatar":"https://static.tigerbbs.com/0ba33d8bb922b582c69d5a608b385281","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":15,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>Comment</p></body></html>","htmlText":"<html><head></head><body><p>Comment</p></body></html>","text":"Comment","highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/810746827","repostId":1139424376,"repostType":4,"repost":{"id":"1139424376","pubTimestamp":1629994886,"share":"https://www.laohu8.com/m/news/1139424376?lang=&edition=full","pubTime":"2021-08-27 00:21","market":"us","language":"en","title":"Abercrombie shares tumble as supply chain constraints, delayed back-to-school purchases hurt sales","url":"https://stock-news.laohu8.com/highlight/detail?id=1139424376","media":"CNBC","summary":"KEY POINTS\n\nAbercrombie & Fitch shares tumbled Thursday after the apparel retailer reported disappoi","content":"<div>\n<p>KEY POINTS\n\nAbercrombie & Fitch shares tumbled Thursday after the apparel retailer reported disappointing quarterly sales, as more teens are delaying back-to-school clothing purchases.\nThe company ...</p>\n\n<a href=\"https://www.cnbc.com/2021/08/26/abercrombie-shares-fall-as-sales-disappoint-supply-chain-constraints-hit-retailer.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Abercrombie shares tumble as supply chain constraints, delayed back-to-school purchases hurt sales</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAbercrombie shares tumble as supply chain constraints, delayed back-to-school purchases hurt sales\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-27 00:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/08/26/abercrombie-shares-fall-as-sales-disappoint-supply-chain-constraints-hit-retailer.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nAbercrombie & Fitch shares tumbled Thursday after the apparel retailer reported disappointing quarterly sales, as more teens are delaying back-to-school clothing purchases.\nThe company ...</p>\n\n<a href=\"https://www.cnbc.com/2021/08/26/abercrombie-shares-fall-as-sales-disappoint-supply-chain-constraints-hit-retailer.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ANF":"爱芬奇"},"source_url":"https://www.cnbc.com/2021/08/26/abercrombie-shares-fall-as-sales-disappoint-supply-chain-constraints-hit-retailer.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1139424376","content_text":"KEY POINTS\n\nAbercrombie & Fitch shares tumbled Thursday after the apparel retailer reported disappointing quarterly sales, as more teens are delaying back-to-school clothing purchases.\nThe company cautioned it continues to experience shipping woes and inventory constraints due to manufacturing facilities being temporarily shutdown overseas.\nManufacturing facilities in Southern Vietnam have been closed for extended periods due to the Covid pandemic. It hopes plants will open by next month or by early in the fourth quarter.\n\nAbercrombie & Fitch shares tumbled around 10% Thursday after the apparel retailer reported disappointing sales as more teens are delaying back-to-school clothing purchases.\nThe company, which also owns Hollister, cautioned it continues to experience shipping delays and inventory constraints due to manufacturing facilities being temporarily shut down overseas. And in the short-term, that will weigh on results.\n“Right now, it’s tough out there. All the articles you read are real,” Chief Financial Officer Scott Lipesky told analysts on an earnings conference call. “And those of us on this side of the fence are living through it every day.”\nAbercrombie is managing through shipment delays of one to three weeks, on average, by pulling forward deliveries as much as possible and leveraging air freight where necessary, Lipesky said. However, he expects these steps will lead to higher costs in the back half of the year.\nProlonged factory shutdowns\nThe retailer is hoping that manufacturing facilities in Southern Vietnam, which have been on extended closure due to the Covid pandemic, will open by next month or by early in the fourth quarter.\n“But it’s out of our control at this point,” Lipesky said.\nFor the three-month period ended July 31, net income rose to $108.5 million, or $1.69 per share, from $5.46 million, or 9 cents a share, a year earlier. Excluding one-time items, Abercrombie earned $1.70 per share, topping estimates for 77 cents, based on a survey of analysts by Refinitiv.\nNet sales grew 24% to $864.9 million from $698.3 million a year earlier. That was short of expectations for $879 million.\nThe company said sales at its Hollister, Gilly Hicks and Social Tourist brands rose 20% year over year, while they were up 30% at Abercrombie.\nCompared with 2019 and pre-pandemic levels, the company said its fiscal second-quarter revenue was up about 3%. In the United States, Abercrombie’s largest market, net sales grew 31% on a one-year and 11% on a two-year basis.\nFor its fiscal third quarter, Abercrombie is now calling for net sales to be up 2% to 4% from 2019 levels of roughly $863 million.\nNet sales in fiscal 2021 are forecast to be up low-to-mid single digits from the $3.6 billion Abercrombie achieved in 2019.\nSlow-moving back-to-school season\nChief Executive Fran Horowitz told CNBC in a phone interview that, so far, the retailer is seeing a slow-moving back-to-school season, with many consumers still holding off on major clothing hauls.\nIn past seasons, she said, the retailer has tracked a spending pattern of “peaks and valleys,” with sales surging before a falloff in the fall. But this year, more teens appear to be readjusting to socializing and spending time on vacation before heading back to the mall.\n“It’s an elongated season,” Horowitz said. “At this point in time, [consumers] are still buying shorts and tees and even swim, even though they’re not wearing that back to school.”\n“The mindset will shift in the next couple of weeks ... as we pass through Labor Day weekend and the New York area heads back to school for the first time in two years,” she said.\nDespite Thursday’s selloff, Abercrombie shares are up more than 70% year to date, bringing its market cap to $2.1 billion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":733,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":7,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":5659939,"gmtCreate":1630019610401,"gmtModify":1663232958935,"authorId":3572397521268164,"author":{"id":3572397521268164,"authorId":3572397521268164,"name":"JayTan","avatar":"https://static.tigerbbs.com/2df5c1d990871ccbfc0f26d4948532db","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":810746827,"type":1,"supId":0,"prevId":0,"content":"reply back thks","text":"reply back thks","html":"reply back thks","likeSize":0,"commentSize":1,"subComments":[{"id":5659940,"gmtCreate":1630019624994,"gmtModify":1663232958767,"authorId":3559862059870297,"author":{"id":3559862059870297,"authorId":3559862059870297,"name":"MoneyCub","avatar":"https://static.tigerbbs.com/1f4ae708d214afbc1b0b1f68ecc65c7e","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":810746827,"type":1,"supId":5659939,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}