Monday, November 20, 2017

Hollister powers Abercrombie to better-than-expected Q3

Abercrombie & Fitch reported Q3 sales and earnings that beat Wall Street estimates amid signs that its turnaround is gaining traction.

Net sales for the third quarter rose 5% to $859.1 million. Direct-to-consumer sales, which include online, grew to approximately 24% of total company net sales, compared to approximately 23% last year.

Total same-store sales rose 4%. By brand, same-store sales rose 8% at Hollister and fell 2% at Abercrombie.. . . more

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