(Reuters) – Apparel retailer Abercrombie & Fitch Co missed Wall Street estimates for quarterly sales on Thursday, underscoring increasing competition for consumer dollars amid surging inflation.
The company’s net sales fell to $805.09 million in the second quarter from $864.9 million a year earlier, compared with analysts’ average estimate of $843.6 million, according to Refinitiv IBES data.
(Reporting by Mehr Bedi in Bengaluru; Editing by Shailesh Kuber)
