Abercrombie & Fitch generated $0.2 million in operating income last quarter, which represents a significant improvement from its operating loss of $21.1 million a year earlier. Excluding asset impairment charges, it reported non-GAAP operating income of $8.9 million, compared to a non-GAAP operating loss of $15 million last year. That gives it a slim non-GAAP operating margin of 1.1%.