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Abercrombie & Fitch rose more than 25% early Thursday after posting solid third quarter results.
The teen retailer posted adjusted earnings of $ 0.31 per share on operating products of $ 861.2 million, easily exceeding $ 0.21 and $ 853 million expected by badysts surveyed by Bloomberg. Same-store sales jumped 3% from a year ago, outpacing Wall Street's 1.7% gain. Abercrombie said its flagship company and its Hollister brand had solid quarters.
"We are pleased with our third quarter performance, our fifth consecutive quarter of positive comparable business, and the growth of our two brands," said Fran Horowitz, CEO, in a release on the results.
"Our omnichannel business in the United States and our 16% global digital sales growth confirm the operation of our playbooks."
In the future, Abercrombie has maintained its comparable sales forecast between 2% and 4% for fiscal year 2018 and has announced its intention to close 40 stores by the end of the year. year, down from the previous estimate, which was 60.
Abercrombie was down 3.28% this year until Wednesday, trading at $ 17.12 the action.
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