Abercrombie & Fitch Posts Quarterly EPS of 56 Cents
Net sales rose 18% to $885.8 million, including direct-to-consumer sales, the retailer said in a statement. Sales at stores open at least one year rose 7%.
"We are pleased with our performance against our objectives for the quarter," CEO Mike Jeffries said. "Our domestic business has continued to improve, our international results are outstanding, and our direct to consumer business is posting very strong growth."
Abercrombie & Fitch expects to open about 20 international mall-based Hollister stores in fiscal 2010, 11 of which will be opened in the fourth quarter. The company also expects to open its first Abercrombie & Fitch store in Puerto Rico in the fourth quarter.