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Abercrombie‘s net sales rise

Abercrombie's net sales rose nearly 11 percent to $730.9 million. The company expects its current-quarter revenue to rise in the high-single percentage digits.

Net loss attributable to Abercrombie & Fitch narrowed to $42.5 million from $61.7 million a year earlier.

Abercrombie's eponymous brand has seen higher demand this year after having struggled for the past five years, thanks to revamped stores and new advertisements.

Both the Abercrombie and Hollister brands topped Wall Street expectations for same-store sales, while the company's net loss remained much smaller than expected.

 

 
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