Abercrombie & Fitch Co.'s posted 31% fall in fiscal fourth-quarter earnings on Tuesday as the clothing retailer struggled with a prolonged sales decline in the United States. The teen casual-clothing retailer's sales and margins persisted to fall, but at a milder rate.

US fashion retailer Abercrombie & Fitch posted a fall in the third-quarter earnings, but the figures have been much better than what analysts had expected. The revenue generated and per share price earnings managed to beat estimates by a large margin. Strict cost cuts are being stated as the reason for a restrained fall in earnings by the company.

New Albany-based Abercrombie & Fitch Co. has posted a loss of $26.7 million or 30 cents a share for the quarter ended August 1, citing 23% fall in sales.

Last year, the apparel retailer had reported a profit of $77.8 million or 87 cents a share for the same quarter.

Reporting a deeper-than-anticipated first-quarter loss, Abercrombie & Fitch Co. (ANF) – apparel retailer, which had though reduced its prices during the quarter, but had resisted as drastic price-cuts as the other retailers - intends reviewing its earlier stand with regard to price reductions.