Earnings

Abercrombie & Fitch misses same-store sales estimates

Customers exit an Abercrombie & Fitch store in San Francisco, California.

David Paul Morris | Bloomberg | Getty Images

Abercrombie & Fitch fell short of quarterly same-store sales estimates on Tuesday, hit by sluggish demand for the teen apparel retailer’s surfwear-themed Hollister clothing line.

Sales at established stores were flat in the third quarter ended Nov. 2, while analysts on average had expected a 0.30% rise, according to IBES data from Refinitiv. Net income attributable to the company fell to $6.5 million, or 10 cents per share, from $23.9 million, or 35 cents per share, a year earlier.

Products You May Like

Articles You May Like

Jim Cramer picks his standout stocks in 4 bull market industries
Why The Renters Bill Of Rights Won’t Help Much
Sam Bankman-Fried tried to influence witness through Signal, DOJ alleges
Beyoncé, a $100k-a-night suite and a red carpet of influencers: Dubai basks in its booming economy
5 Ways the SECURE Act 2.0 Can Boost Your Retirement Savings

Leave a Reply

Your email address will not be published. Required fields are marked *