Abercrombie & Fitch announces Q1 results, plans 3 store closures

Abercrombie & Fitch Co announced today an increase of net sales to 734 million dollars for its first quarter of the 2019 fiscal year, which quarter ended on May 4, 2019. While net sales only increased slightly compared to the same quarter last year, the company experienced an improved operating loss margin and expects net sales for the overall year to increase by 2 to 4 percent compared to last year.