Abercrombie & Fitch April Sales Rise
Youth apparel retailer Abercrombie & Fitch said on Thursday its
April same-store sales, or sales in stores open at least a year,
increased 17 percent compared to the same month a year ago.
The jump soundly beat Wall Street estimates. Analysts polled by Thomson Financial had expected an increase of 7.9 percent.
Total sales for the month ended April 29 totaled $207.8 million, up 30 percent from $159.4 million in April 2005.
For the year through the end of April, same-store sales were up 6
percent from last year, while net sales increased 20 percent to $657.3
million from $546.8 million in the year-ago period.
Abercrombie & Fitch shares rose 17 cents to $60.51 in pre-market
trading, after closing Wednesday at $60.34 on the New York Stock