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DAILY EARNINGS

Abercrombie & Fitch Net Surges; Foot Locker, Gap Net Decline


Author: Mukesh Buch
ticker.com
Last Update: 12:33 PM ET November 20 2015

12:30 AM New York Abercrombie & Fitch third-quarter net soared 130% to $42 million. Foot Locker third-quarter net tumbled 33% to $80 million. Gap third-quarter net plunged 29% to $248 million. Hibbett Sports third-quarter net jumped 11% to $19 million. HRG Group fourth-quarter net loss widened to $143 million.

Tollbooth Index jumped 85.35 or 0.8% to 11,022.60.

Earnings Review

Abercrombie & Fitch Co (ANF), the apparel retailer said sales in the third-quarter ending in October dropped 4% from a year ago to $878.6 million.

Comparable store sales in the quarter fell 1%.

Net income in the quarter soared 130.2% to $41.9 million or 60 cents per diluted share compared to $18.2 million or 25 cents per share from the same quarter last year.

Foot Locker, Inc (FL), the shoes and apparel retailer reported total sales in the third-quarter ending in October increased 3.6% from a year ago to $1.79 billion.

Comparable store sales in the quarter surged 8.7%.

Net income in the quarter tumbled 33.3% to $80 million or 57 cents per diluted share compared to $120 million or 82 cents per share from the same quarter last year.

Esterline Technologies Corporation (ESL), the aerospace and defense products maker said revenues in the fourth-quarter ending on October 2 soared 11.6% from a year ago to $349.6 million.

Net in the quarter swung to profit $2.99 million or 10 cents per diluted share compared to a loss of $31.4 million or 98 cents per share from the same quarter last year.

The Gap, Inc (GPS), the apparel, accessories, and personal care products retailer reported total sales in the third-quarter ending in October dropped 3% from a year ago to $3.86 billion.

Comparable store sales in the quarter slipped 2%.

Net income in the quarter plunged 29.3% to $248 million or 61 cents per diluted share compared to $351 million or 80 cents per share from the same quarter last year.

Hibbett Sports, Inc (HIBB), the sporting goods retailer stated net sales in the third-quarter ending in October advanced 4.6% from a year ago to $228.3 million.

Comparable store sales in the quarter rose 0.6%.

Net income in the quarter rose 10.7% to $18.7 million or 79 cents per diluted share compared to $16.9 million or 67 cents per share from the same quarter last year.

The retailer lifted diluted earnings per share forecast for the year in the range of $2.87 to $2.94 from previously estimated range of $2.80 to $2.90 and comparable store sales are expected to be flat.

HRG Group Inc (HRG), the diversified company said total revenues in the fourth-quarter ending in September declined 4% from a year ago to $1.45 billion.

Net loss in the quarter widened to $143.1 million or 73 cents per diluted share compared to $6.3 million or 3 cents per share from the same quarter last year.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc