Abercrombie's (ANF) Q3 performance reflects adverse impacts of the pandemic on store sales. Nevertheless, the results gain from improved gross margins and better expense control.
Gap (GPS) reports improved sales in third-quarter fiscal 2020 on robust online and comparable sales growth. However, higher operating expenses mar the bottom line.
American Eagle Outfitters' (AEO) third-quarter fiscal 2020 results reflect weak sales due to lower store traffic. However, increased digital sales and elevated gross margin are key upsides.