-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...
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