News for Abercrombie & Fitch
Dec 3 · 12:29:00 PM · Source: PR Newswire
Abercrombie & Fitch today reported net sales of $245.7 million for the four-week period ended November 28, 2009, an 8% decrease from net sales of $267.3 million for the four-week period ended November 29, 2008. November comparable store sales decreased 17%. Total Company direct-to-consumer net merchandise sales increased 3% to $24.5 million.
Fellow teen retailer Aeropostale also reported disappointing November sales, which does not bode well for the holiday shopping season.
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by Rich Pike
Nov 13 · 11:29:00 AM · Source: Company News Release
Abercrombie & Fitch Friday today reported third quarter net income of $38.8 million, or $0.44, compared to net income of $63.9 million, or $0.72 for the comparable period last year. Excluding $6.2 million of after-tax charges associated with the closure of the Ruehl business and an $18.6 million benefit associated with a true up of the year-to-date tax rate, the Company reported non-GAAP net income of $26.3 million, or $0.30, for Q3. Sales decreased 15% to $765.4 million; comparable store sales decreased 22%.
Profits were higher than expected.
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by Larry Etter
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