Abercrombie & Fitch Co. (NYSE:ANF) Q1 2018 Earnings Conference Call - Final Transcript

Jun 01, 2018 • 08:30 am ET

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Abercrombie & Fitch Co. (NYSE:ANF) Q1 2018 Earnings Conference Call - Final Transcript

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Presentation
Executive
Scott Lipesky

As of quarter end, we had approximately 6 million shares remaining available for purchase, under our publicly announced stock repurchase authorization. In addition, we recently announced that our Board of Directors approved $0.20 quarterly dividends.

With that, I'll turn the call back over to Fran.

Executive
Fran Horowitz

Thank you, Scott. We had a strong first quarter of execution, and we are on track to deliver another year of progress, including top and bottom line growth in 2018, while investing in our ongoing transformation. Our efforts are focused on transforming our operating model to deliver an improved customer experience in a rapidly changing retail environment. Through our transformation efforts, we are testing and learning across multiple fronts and have the balance sheet to accelerate investments, where we see promise in omni-channel experience, marketing and tools and technology to strengthen our execution and customer engagement.

Thank you. And with that, I'll hand it back to Brian.

Executive
Brian Logan

Thanks, Fran. That concludes our prepared comments. We will now be happy to take your questions. As a remainder, please limit yourself to one question, so we can speak to as many of you as possible. Thank you.