February 26, 2014 / 12:41 PM / 4 years ago

Abercrombie & Fitch quarterly profit plunges

Feb 26 (Reuters) - Teen apparel retailer Abercrombie & Fitch Co reported a 58 percent fall in quarterly profit as it struggles to keep up with the tastes of young shoppers.

Abercrombie’s net income fell to $66.1 million, or 85 cents per share, for the fourth quarter ended Feb. 1 from $157.2 million, or $1.95 per share, a year earlier.

Excluding restructuring and other charges, the company earned of $1.34 per share.

Revenue fell 12 percent to $1.30 billion. (Reporting by Aditi Shrivastava; Editing by Kirti Pandey and Joyjeet Das)

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