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Abercrombie Sales Rise Less Than Forecast
Abercrombie & Fitch said comparable-store sales in March rose 5%. Analysts expected an increase of 6.6%.
NEW ALBANY, Ohio (
) --
Abercrombie & Fitch
(ANF) - Get Abercrombie & Fitch Co. Class A Report
said comparable-store sales in March rose 5%, while total net sales of $275.4 million were an increase of 19% from a year earlier.
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Analysts surveyed by Thomson Reuters forecast same-store sales to rise 6.6% in March.
Abercrombie & Fitch said Thursday that total company direct-to-consumer net merchandise sales increased 45% to $27.9 million. Total international net sales, including direct-to-consumer net sales, increased 112% to $45.8 million.
-- Reported by Joseph Woelfel in New York.
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