Abercrombie & Fitch Co.
reported third-quarter internet revenue totaling $47.2 million, or 77 cents per share, up from $42.3 million, or 66 cents per share, final yr. Adjusted EPS of 86 cents was nicely forward of the FactSet consensus for 66 cents. Gross sales of $905.2 million have been up from $819.7 million final yr and likewise forward of the FactSet consensus for $895.0 million. Digital gross sales rose 8%. Abercrombie’s lineup contains the namesake chain and Hollister, which each reported gross sales rises through the quarter. “We proceed to actively handle by ongoing provide chain constraints, together with manufacturing and supply delays and elevated prices,” mentioned Chief Government Fran Horowitz, who expressed confidence that new and current prospects would discover what they’re searching for through the vacation procuring season. Abercrombie & Fitch inventory slumped 6.5% in Tuesday premarket buying and selling, however has skyrocketed 131% for the yr to this point whereas the S&P 500 index
has gained 24.7% for the interval.

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