Abercrombie & Fitch misses same-store sales estimates
Reuters
Published Aug 30, 2018 07:48AM ET
Abercrombie & Fitch misses same-store sales estimates
(Reuters) - Apparel retailer Abercrombie & Fitch Co (N:ANF) missed quarterly same-store sales estimates on Thursday, hurt by lower-than-expected sales at its namesake line of teenage apparel and Hollister brand of surfwear.
The company said sales at established stores rose 3 percent in the quarter. Analysts on average had expected 3.7 percent increase, according to Thomson Reuters I/B/E/S.
Net loss attributable to Abercrombie narrowed to $3.9 million, or 6 cents per share, in the second quarter ended Aug. 4, from $15.5 million, or 23 cents per share, a year earlier.
The company's net sales rose to $842.4 million from $779.3 million.
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Written By: Reuters
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