Abercrombie & Fitch Co. said its fiscal-second-quarter profit fell 4.2%, hurt by consumers cutting back on discretionary purchases, and the teen retailer gave a weaker-than-expected full-year outlook.

When the high-flying CEO of Abercrombie & Fitch boards his $50 million corporate ... flip-flops and a “spritz” of the firm’s cologne — and boxer briefs. All staffers must wear sunglasses.