Teen retailer Abercrombie & Fitch Co. said Friday that first-quarter earnings increased 3.4 percent and predicted that eventually half its business will be international.
For the three months ended May 3, earnings reached $62.1 million, or 69 cents a diluted share, up from $60.1 million, or 65 cents, in the year-ago period. Analysts were expecting earnings of 66 cents a share, but a lower tax rate and stronger gross margins helped to offset weaker same-store sales. Sales for the quarter grew 7.8 percent to $800.2 million from $742.4 million, and total same-store sales fell 3 percent.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)