Abercrombie & Fitch reports a sales miss

1 month ago 17
PR Distribution

Abercrombie & Fitch Co. ANF, -4.23% banal fell 3.9% successful Thursday premarket trading aft the apparel retailer reported second-quarter income that missed expectations. Net income totaled $108.5 million, oregon $1.69 per share, up from $5.5 million, oregon 9 cents per share, past year. Adjusted EPS of $1.70 blew past the FactSet statement for 77 cents. Sales totaled $864.9 cardinal up from $698.3 cardinal but beneath the FactSet statement for $879.2 million. Digital nett income totaled $376 million, down 3% from past twelvemonth and representing 44% of full quarterly sales. Abercrombie & Fitch banal has soared 95.5% for the twelvemonth to day portion the S&P 500 scale SPX, +0.22% has gained 19.7% for the period.

Read Entire Article