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-Abercrombie Fitch Co. Reports Third Quarter Results

Nov 25, 2020 - ENP Newswire
Financial Results

Abercrombie Fitch Co. Reports Third Quarter Results.

Highlights:

Delivers net income per diluted share of $ 0.66 and $ 0.76 on a GAAP and non-GAAP basis, respectively, positive cash flows fueled by digital sales growth, gross profit rate expansion and operating expense leverage

Continues progress on store network optimization; Announces early exit of four more flagships through lease transfers and sublease, reducing liabilities and bringing fiscal 2020 flagship closures to sev...