Abercrombie & Fitch reported quarterly results

full year sales: “2 Outlook For the fourth quarter of fiscal 2017, the company expects: • Comparable sales to be up low-single digits, and net sales to be up mid- to high-single digits, including benefits from the 53rd week and changes in foreign currency exchange rates • The 53rd week to benefit net sales by approximately $38 million and operating income by approximately $2 million • Changes in foreign currency exchange rates to benefit net sales by approximately $20 million and operating income by approximately $5 million, net of hedging • A gross profit rate down approximately 100 basis points to last year's rate of 59.3%, in line with the third quarter year-over-year decline • Operating expense, including other operating income, to be down approximately 1% from $553.7 million last year, with expense reductions partially offset by increases in volume-related expenses from higher sales and the adverse effect from changes in foreign currency exchange rates • The effective tax rate to be in the mid 30s • A weighted average diluted share count of approximately 70 million shares, excluding the effect of potential share buybacks On a full year basis, the company expects the effective tax rate to reflect a core tax rate in the mid 30s, which is highly sensitive at lower levels of pre-tax earnings.”