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Abercrombie & Fitch Co (NYSE:ANF) announced a decline in fourth-quarter same store sales on Friday as the youth fashion retailer sustained to struggle foreign and its Hollister chain indicated slump in the holiday phase.
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Sales jumped up 10.5 percent to $1.47 billion for the 14 weeks concluded on Feb. 2, led by a 34 percent increase in global sales. But that contains an extra week in contrast to year ago same quarter.On a same store basis, which thinks over sales at stores started at least a year and online and the extra week, sales declined 1 percent. They were unchanged for the namesake chain and declined 2 percent at Hollister. They were unchanged in the United States and down 3 percent overseas.
How Abercrombie & Fitch Co shares responded to such move? Click here to find out
Shares of Abercrombie & Fitch Co were trading lower with negative change of -6% on last check during Friday trading session.
WebMD (NASDAQ:WBMD) shares hiked up in late trading Thursday following the online health-care information provider announced higher than predicted fourth quarter revenues.
What does WebMD financial figure show about company? Find out here
For the recent quarter, the firm (WBMD) reported revenues of $132.7 million, which was lower as compared to $150.7 million in the 2011 same quarter, but above the Street consensus at $124.1 million. WebMD reported an revised loss for the quarter of 8 cents per share, much more than the Street consensus estimate of a loss of four cents per share.
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