Abercrombie & Fitch -2% after double-digit comp fall

• Abercrombie & Fitch (NYSE:ANF) reports comparable-store sales fell 10% in FQ4.
• Comparable sales by brand: Abercrombie & Fitch -9%, abercrombie kids -6%, Hollister -11%.
• The company says direct-to-consumer sales decelerated in the quarter due to problems in Europe
• Gross profit rate +190 bps to 60.9% on lower unit costs.