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On Wednesday 3 December Abercrombie & Fitch, the US clothing retailer, is due to post its third-quarter figures. Markets are expecting the adjusted earnings per share to jump from 19 cents up to 41.1 cents. Sales for the US clothing retailer are expected to increase from $890.605 million up to $911million and pre-tax profit is called to jump from $17.473 million up to $49.061 million.
These third-quarter figures come out just after the very important Black Friday in the US. Black Friday is the day after Thanksgiving and has historically been seen as the start of the festive period sales drive.
Although the vast majority of the company’s revenue comes from within the US, the firm has been keen to expand its global reach. The company currently has over 830 stores in the US and almost 170 stores in Canada, Asia, Australia, the Middle East and Europe. Breaking with tradition, Abercrombie & Fitch is now looking at franchising in Mexico with the aim of having stores set up in four major Mexican cities by the end of 2015.
Year-on-year shares in the company are down 14%, but off by over 34% from the August highs of $45.10. It will take more than just a decent set of third-quarter figures to encourage the markets to retest these levels.