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Abercrombie Sales Beat Underwhelms After Big Run-Up in Stock

The company surpassed analysts’ sales expectations for the sixth straight quarter, with a notable 18 percent rise in comparable sales driven by Hollister, though gross margins fell slightly short.
Abercrombie & Fitch store.
Shares of Abercrombie fell 11 percent at 8:30 AM in early New York trading. (Shutterstock)

Abercrombie & Fitch Co. beat analysts’ sales expectations for the sixth consecutive quarter, but it wasn’t enough to impress investors who have grown accustomed to the ‘90s fashion comeback.

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