May 29, 2019 / 11:40 AM / 4 months ago

Abercrombie & Fitch misses quarterly same-store sales estimates

May 29 (Reuters) - Abercrombie & Fitch Co missed Wall Street estimates for quarterly same-store sales on Wednesday, hurt by slowing demand for its surf-themed Hollister apparel.

Same-store sales in the first quarter ended May 4 rose 1%, below analysts’ average estimate of a 1.33% increase, according to Refinitiv IBES data.

Net sales rose to $734 million from $730.9 million. Analysts had expected net sales of $733.4 million. (Reporting by Uday Sampath in Bengaluru; Editing by Shinjini Ganguli)

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