By  on February 26, 2014

Abercrombie & Fitch Co. posted sharply lower fourth-quarter profits as its revenues declined in both the quarter and the full year.

In the three months ended Feb. 1, net income was $66.1 million, or 85 cents a diluted share, 58 percent below the $157.2 million, or $1.95, logged in the final quarter of 2012. Adjusted net income, eliminating charges associated with the closure of the Gilly Hicks division and other initiatives, was $1.34 a share, 31 cents better than the most recent estimates of analysts.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus