Abercrombie & Fitch Co. saw its shares soar more than 10 percent Friday as a 39.3 percent decline in third-quarter profits still left it comfortably ahead of Wall Street estimates.
The New Albany, Ohio-based firm said for the three months ended Oct. 31, net income slid to $38.8 million, or 44 cents a diluted share, from $63.9 million, or 72 cents, in the year-ago quarter. Excluding extraordinary items, the company earned 30 cents a share in the most recent quarter, well ahead of the 20 cent profit consensus provided by Yahoo Finance.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"