Abercrombie & Fitch Co. said its normalized net income for the fiscal second quarter ended Aug. 2 came to 14 cents per share, compared with the S&P Capital IQ consensus estimate of 11 cents per share.
EPS increased 6.7% year over year from 13 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $10.6 million, compared with $10.6 million in the prior-year period.
The normalized profit margin increased to 1.2% from 1.1% in the year-earlier period.
Total revenue decreased 5.8% year over year to $890.6 million from $945.7 million, and total operating expenses declined 5.9% year over year to $872.3 million from $927.0 million.
Reported net income increased 13.0% from the prior-year period to $12.5 million, or 17 cents per share, from $11.1 million, or 14 cents per share.
