Abercrombie & Fitch's Profit Falls on Fewer Jeans Purchases
By Heather Burke
Aug. 15 (Bloomberg) -- Abercrombie & Fitch Co., the Ohio- based teen-apparel retailer, said second-quarter profit fell on lower sales of jeans and T-shirts at its Hollister Co. and abercrombie children's chains.
The retailer forecast full-year earnings per share that trailed some analysts' estimates.
Net income declined to $77.8 million, or 87 cents a share, from $81.3 million, or 88 cents, a year earlier, the company said today in a statement on PR Newswire. Sales in the three months through Aug. 2 rose to $845.8 million from $804.5 million.
To contact the reporter on this story: Heather Burke in New York at hburke2@bloomberg.net.
Last Updated: August 15, 2008 07:09 EDT
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