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Abercrombie & Fitch's shares fell 8.4 percent to $15.50 in
premarket trading on Friday.
The company, whose brands include Hollister and abercrombie
kids, said net sales fell 6.5 percent to $821.73 million in the
third quarter ended Oct. 29 from $878.57 million a year earlier.
Sales at established stores fell 6 percent, while analysts on
average had expected a 3.9 percent fall, according to research
firm Consensus Metrix.
Net income attributable to the company fell to $7.88 million, or
12 cents per share, in the quarter, from $41.89 million, or 60
cents per share, a year earlier.
(Reporting by Gayathree Ganesan and Jessica Kuruthukulangara in
Bengaluru; Editing by Martina D'Couto)
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