Abercrombie & Fitch reports a sales miss

Abercrombie & Fitch Co. anf,
-4.23%
The stock fell 3.9% in pre-market trading on Thursday after the apparel retailer reported second-quarter sales that beat expectations. Net income was $108.5 million, or $1.69 per share, up from $5.5 million or 9 cents per share last year. Adjusted earnings per share of $1.70 exceeded the FactSet consensus by 77 cents. Revenue was $864.9 million, up from $698.3 million, but below the FactSet consensus at $879.2 million. Digital net revenue was $376 million, down 3% from last year and representing 44% of total quarterly revenue. Abercrombie & Fitch stock is up 95.5% so far, while the S&P 500 index SPX,
+0.22%
gained 19.7% over the period.

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