Overview
- Net sales rose 7% to about $1.29–$1.30 billion with earnings of $2.36 per share, topping expectations.
- Hollister led results with 16% sales growth to roughly $673 million and 15% comparable sales growth.
- The Abercrombie banner declined about 2% with comparable sales down 7% in the quarter.
- Full-year net sales guidance increased to 6%–7% and EPS guidance narrowed to $10.20–$10.50; Q4 outlook calls for 4%–6% sales growth and $3.40–$3.70 EPS.
- Operating income fell to $155 million with operating margin at 12% versus 14.8% a year ago, and the company repurchased $100 million of stock in Q3.