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Abercrombie & Fitch Co quarterly sales beat expectations on online boost

Credit: REUTERS/ANDREW KELLY

Abercrombie & Fitch Co reported better-than-expected quarterly sales on Thursday as the apparel retailer benefited from a surge in online orders during the COVID-19 pandemic.

Aug 27 (Reuters) - Abercrombie & Fitch Co ANF.N reported better-than-expected quarterly sales on Thursday as the apparel retailer benefited from a surge in online orders during the COVID-19 pandemic.

Net income attributable to the company was $5.5 million, or 9 cents per share, compared with a loss of $31.1 million, or 48 cents per share, a year earlier. The year-ago quarter included flagship store exit charges of about $45 million.

Net sales fell to $698.3 million in the second quarter ended Aug. 1, but beat the average expectation of $658.44 million, according to Refinitiv IBES data.

(Reporting by Aditi Sebastian; Editing by Aditya Soni)

((aditi.sebastian@thomsonreuters.com;; within U.S. +1 646 223 8780, outside U.S. +91 7760787976;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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