Abercrombie & Fitch Returns to Profit in Q2
By wchung | 04 May, 2025
Abercrombie & Fitch return to a profit in the second quarter as its strategy of lowering some prices boosted sales.
The chain also says it will close 60 stores in the U.S. in 2010.
The preppy teen clothing seller says net income totaled $19.5 million, or 22 cents per share. A year ago the company lost $26.7 million, or 9 cents per share. Earnings were 24 cents excluding a charge for closing stores.
Analysts expected a smaller 16 cents-per-share gain.
Revenue rose 17 percent to $745.8 million. Analysts expected $727.7 million.
Abercrombie & Fitch Co., based in New Albany, Ohio, has lowered some prices to compete with Aeropostale Inc. and American Eagle Outfitters Inc. for teen dollars.
NEW ALBANY, Ohio (AP)
Articles
- $15,000 Toyota EV Developed with 100% China Talent, Supply Chain
- Ivan Zhao's Notion Simplifies Work and Life for 100 Million Users
- Survey Shows Rise of Anti-Asian Feelings — and Cause for Optimism
- Judge Edward Chen Sets Up Supreme Court Review of Trump's Mass Deportations
- Rep. Shri Thanedar Introduces Articles of Impeachment Against Trump
Asian American Success Stories
- The 130 Most Inspiring Asian Americans of All Time
- 12 Most Brilliant Asian Americans
- Greatest Asian American War Heroes
- Asian American Digital Pioneers
- New Asian American Imagemakers
- Asian American Innovators
- The 20 Most Inspiring Asian Sports Stars
- 5 Most Daring Asian Americans
- Surprising Superstars
- TV’s Hottest Asians
- 100 Greatest Asian American Entrepreneurs
- Asian American Wonder Women
- Greatest Asian American Rags-to-Riches Stories
- Notable Asian American Professionals