Thursday, March 7, 2019

Abercrombie shares up on strong earnings, outlook

The Columbus Dispatch
Shares of Abercrombie & Fitch jumped more than 14 percent in early morning trading after the New Albany-based retailer reported strong sales and profits for the fourth quarter.

Abercrombie reported net income of $1.42 per share for the quarter, well above Wall Street predictions of $1.15 per share. Comparable-store sales, a key indicator of a retailer’s health, increased by 3 percent, also well above Wall Street expectations of a 1.4 percent rise. . . . more