10:14 AM EDT, 08/28/2024 (MT Newswires) -- (Corrects to add the company's revised figure for Q3 2023 net sales in the fifth paragraph.)

Abercrombie & Fitch ( ANF ) reported fiscal Q2 adjusted earnings Wednesday of $2.50 per diluted share, up from $1.08 a year earlier.

Analysts polled by Capital IQ expected $2.22.

Net sales for the 13-week period ended Aug. 3 were $1.13 billion, up from $935.3 million a year earlier.

Analysts surveyed by Capital IQ expected about $1.09 billion.

The clothing retailer said it expects fiscal Q3 net sales growth to be in the low double-digits, compared with $1.06 billion a year earlier. Analysts polled by Capital IQ expect $1.15 billion.

Abercrombie said it now expects fiscal 2024 net sales to grow by 12% to 13%, compared with the prior growth outlook of 10%.

Shares of the company were down 15% in recent premarket activity.

Price: 140.75, Change: -25.87, Percent Change: -15.52