Abercrombie & Fitch expects to take a hit from coronavirus
March 4, 2020
Abercrombie & Fitch reported earnings of $1.31 a share, ahead of the $1.23 expected by analysts. The specialty clothing store retailer estimated, however, that supply chain interruptions and other consequences of the coronavirus outbreak in China and elsewhere will reduce its net sales between $40 million and $50 million.
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