Abercrombie & Fitch comparable store sales up in Q3
15 Nov '06
2 min read
Marketing, General and Administrative expense, as a percentage of sales, decreased 260 basis points to 11.3 percent from 13.9 percent. During the third quarter of 2005, the Company recorded a non-recurring charge of $13.5 million related to an executive severance agreement. The decrease in rate is primarily attributed to decreased home office and marketing expenses.
Operating income for the third quarter increased 41 percent to $162.8 million compared to $115.9 million last year.
Net income for the third quarter increased 43 percent to $102.0 million, or $1.11 per diluted share, from $71.6 million, or $0.79 per diluted share, for the third quarter of fiscal 2005.
marketing@alchempro.com
