Abercrombie & Fitch Sees 2Q Net Income Rise 18%

Share this article:
Abercrombie & Fitch's net income increased 18 percent in the second quarter of 2001, the company reported this week. The cataloger, retailer and e-tailer had net income of $25 million compared with $21.2 million posted in second quarter 2000.


Net sales for the second quarter, which ended Aug. 4, increased 22 percent to $280.1 million, from $229 million recorded during the quarter that ended July 29, 2000. Operating income during the quarter increased 18 percent to $39.9 million compared with $33.9 million in the second quarter last year.


Earnings per share on a fully diluted basis for the second quarter increased 14 percent to 24 cents compared with 21 cents during the comparable period last year.


Year-to-date net sales rose 25 percent to $543.8 million from $434 million in 2000. Operating income, year-to-date, rose 23 percent to $72 million compared with $58.4 million during the same period last year. Year-to-date net income rose 22 percent to $45.6 million from $37.3 million last year.


Share this article:
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Multichannel Marketing

Nielsen Allies With Pointlogic on Cross-Channel Planning

Nielsen Allies With Pointlogic on Cross-Channel Planning

Aim is to develop a "next generation" media planning tool.

If Only Engendering Loyalty Was as Easy as Clicking Your Heels

If Only Engendering Loyalty Was as Easy as ...

Rack Room Shoes combines data, research, and mobile email to deliver a high-heeled digital loyalty program.

Zeta Introduces 'Cross-Lifecycle' Platform

Zeta Introduces 'Cross-Lifecycle' Platform

Zeta Hub aims to help CMOs deliver on ROI goals by extending customer lifecycles.