NEW ALBANY, Ohio Declining traffic and weakness in girls' clothing weighed on Abercrombie & Fitch's (ANF) second quarter, pushing net income down 33 percent.
The teen retailer's results missed analysts' estimates. It also gave a third-quarter earnings forecast well below Wall Street expectations.
The stock tumbled in premarket trading Thursday.
For the period ended Aug. 3, Abercrombie & Fitch Co. earned $11.4 million, or 14 cents per share. That's down from $17.1 million, or 20 cents per share, a year earlier.
Removing charges tied to its profit-improvement plans, earnings were 16 cents per share.
Revenue dipped 1 percent to $945.7 million from $951.4 million. U.S. sales fell 8 percent.
Analysts expected earnings of 28 cents per share on revenue of $996.7 million.
A key revenue metric declined 10 percent on softness worldwide.