Abercrombie & Fitch posts flat Q3 results, earnings decline

For its third quarter, Abercrombie & Fitch Co. reported net sales of 863.5 million dollars, approximately flat on a reported basis and up 1 percent on a constant currency basis as compared to last year. The company said, comparable sales were also approximately flat against positive 3 percent comparable sales last year. Net income per diluted share of was 10 cents compared to 35 cents last year on a reported basis; and 23 cents compared to 33 cents last year on an adjusted non-GAAP basis; and 23 cents compared to 27 cents last year on an adjusted non-GAAP constant currency basis.