More on Abercrombie & Fitch's (ANF) FQ3 report: The EPS shortfall was largely due to...

|About: Abercrombie & Fitch (ANF)|By:, SA News Editor

More on Abercrombie & Fitch's (ANF) FQ3 report: The EPS shortfall was largely due to higher-than-expected clothing costs, which led to Abercrombie's gross margin falling 350 bps Q/Q, to 60.1%. Same-store sales were up 7% Y/Y, compared with 9% in Q2. A&F same-store sales rose 4%; Abercrombie Kids rose 6%; and Hollister Co. rose 8%. ANF -11% premarket. (PR)