Pedestrians are reflected in the window of an Abercrombie & Fitch store in New York. Craig Warga | Bloomberg | Getty Images Abercrombie & Fitch shares are soaring after the apparel retailer reported a surprise quarterly profit Thursday morning and impressive online revenue growth of 56% during the coronavirus pandemic. Its […]
Abercrombie
Abercrombie delivered adjusted earnings of 23 cents per share in fiscal second quarter against a loss of 48 cents in the year-ago quarter. The Zacks Consensus Estimate was pegged at a loss of 89 cents. Net sales totaled $698.3 million, which surpassed the Zacks Consensus Estimate of $671.2 million. However, […]
(Reuters) – Abercrombie & Fitch Co reported a surprise profit on Thursday as the apparel retailer slashed costs and benefited from a surge in online orders during the COVID-19 pandemic, sending its shares up as much as 17%. The company has been ramping up investments in its online platforms to […]