Abercrombie & Fitch beats quarterly profit expectations

Abercrombie & Fitch Co. Class A

Abercrombie & Fitch Co. Class A

ANF

0.00

May 27 (Reuters) - Abercrombie & Fitch ANF.N beat Wall Street expectations for first-quarter profit on Wednesday, riding strong demand for its apparel despite macroeconomic uncertainty continuing to pressure U.S. discretionary spending.

It reported adjusted net income per share of $1.47, above expectations of $1.28.

The apparel retailer posted $1.1 billion in net sales. Analysts on an average estimated sales of $1.12 billion, according to data compiled by LSEG.


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