Analysts surveyed by First Call expected the Abercrombie sales company to earn 35 cents a share. Abercrombie & Fitch said third-quarter earnings per share increased 135 percent compared to 20 cents per share in the year-ago quarter. Likewise, the company said its net income increased 140 percent to $24.9 million, compared to $10.4 million in the year-ago period.
Abercrombie & Fitch said its operating income was up 122 percent to $40.8 million in the third quarter from $18.4 million in the quarter a year ago. Its operating expenses and general administration costs were $48.7 million vs. $34.6 million in the year-ago quarter. Net sales for the quarter were $229.9 million, a 55 percent increase, compared to $148.5 million in the year-ago period, the retailer reported. Comparable-store sales also increased by 35 percent during the third quarter.
The company also released its year-to-date numbers in a statement. Net income for the year increased 221 percent to $41.8 million vs. $13 million a year ago. Net Abercrombie sales for the year to date rose 65 percent to $511.2 million, compared to $309.5 million.
Overall, comparable Abercrombie on sale store sales increased 41 percent year-to-date. Operating income year-to-date was also up 173 percent to $68.2 million vs. $25 million for the year-ago period.
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