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Abercrombie's 2nd-qtr loss widens
August 24, 2017 / 11:43 AM / 3 months ago

Abercrombie's 2nd-qtr loss widens

Aug 24 (Reuters) - U.S. teen apparel retailer Abercrombie & Fitch Co posted a wider net loss in the second quarter as fewer customers visited its namesake stores.

Abercrombie, known for its Hollister and Abercrombie kids brands, said on Thursday sales at established stores fell 1 percent. Analysts on average had expected a decline of 2.1 percent, according to research firm Consensus Metrix.

Net loss attributable to Abercrombie widened to $15.5 million, or 23 cents per share in the second quarter ended July 29, from $13.1 million, or 19 cents per share, a year earlier.

The retailer’s net sales fell to $779.3 million from $783.1 million. (Reporting by Vibhuti Sharma and Karina Dsouza in Bengaluru; Editing by Sai Sachin Ravikumar)

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