Abercrombie Q3 profit misses Street
New Albany, Ohio -- Abercrombie & Fitch earnings rose 1.7% in the third quarter, well short of analysts’ estimates, as rising costs pressures offset a big jump in sales.
For the quarter ended Oct. 30, the chain reported $50.9 million in earnings, up from $50 million in the same period last year. Total sales rose 21% to $1.08 billion, more or less in line with Wall Street estimates.
Total international sales including e-commerce rose 56% to $255.7 million. In the United States, sales rose 14% to $820.2 million.