Customers exit an Abercrombie & Fitch store in San Francisco, California.
David Paul Morris | Bloomberg | Getty Images
Abercrombie & Fitch fell short of quarterly same-store sales estimates on Tuesday, hit by sluggish demand for the teen apparel retailer’s surfwear-themed Hollister clothing line.
Sales at established stores were flat in the third quarter ended Nov. 2, while analysts on average had expected a 0.30% rise, according to IBES data from Refinitiv. Net income attributable to the company fell to $6.5 million, or 10 cents per share, from $23.9 million, or 35 cents per share, a year earlier.
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