RTTNews | May 26, 2021 08:02AM EDT

08:01 Wednesday, May 26, 2021 (RTTNews.com) - Specialty retailer Abercrombie & Fitch Co. (ANF) reported Wednesday a net income of $41.77 million or $0.64 per share for the first quarter, compared to a net loss of $244.15 million or $3.90 per share last year. Adjusted earnings per share were $0.67 for the quarter

Net sales for the quarter surged 61 percent to $781.41 million from last year's $485.36 million. In light of store closures related to COVID-19, the Company has not disclosed comparable sales for Fiscal 2021.

On average, analysts polled by Thomson Reuters expected the company to report a loss of $0.38 per share on revenues of $687.35 million for the quarter. Analysts' estimates typically exclude special items.

Read the original article on RTTNews ( https://www.rttnews.com/3197638/abercrombie-fitch-q1-results-well-above-estimates-quick-facts.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved