ABERCROMBIE & FITCH CO. REPORTS SECOND QUARTER FISCAL 2024 RESULTS • Record second quarter net sales of $1.1 billion, up 21% from last year with comparable sales growth of 18% • Broad-based net sales growth across regions and brands, with Abercrombie brands growth of 26% and Hollister brands accelerating to growth of 17% • Operating margin expands 590 basis points to 15.5%, with record second quarter operating income of $176 million • Further strengthened balance sheet with redemption of all its outstanding ...

Several top-rated Zacks stocks are standing out from a variety of sectors after posting strong quarterly results this week.  Able to exceed top and bottom line expectations on Wednesday, here are three of these intriguing companies to invest in as their stocks continue to outperform the broader market.Abercrombie & Fitch (ANF) Among the retail sector, casual apparel retailer Abercrombie & Fitch continues to stand out in terms of growth and value. Abercrombie’s Q2 sales rose 21% to $1.13 billion which beat e ...

The U.S. economy remains resilient even though the interest rate is currently at its 23-year high and the inflation rate is still elevated. Despite a tough scenario, consumer spending remains resilient. Consequently, the retail sector has flourished over the past year. We have selected two retailers with solid earnings estimate revisions and strong potential for stock price appreciation in the near term. These two retailers are Abercrombie & Fitch Co. (ANF) and Deckers Outdoor Corp. (DECK) . These two compa ...

Fashion retailer Abercrombie & Fitch NYSE: ANF posted better-than-expected earnings for its Q2 season, which ended August 3, 2024. While CEO Fran Horowitz-Bonadies expressed hesitancy about the company’s “uncertain” position, its success realigning its offerings with consumer demands post-pandemic has left investors expecting more for the holiday season. Get Abercrombie & Fitch alerts:A&F: Earnings by NumbersAbercrombie & Fitch TodayANFAbercrombie & Fitch$140.81 +2.50 (+1.81%) 52-Week Range$49.24▼$196.99P/E ...

jetcityimage Abercrombie's Moment Of Reckoning Abercrombie & Fitch Co. (NYSE:ANF) investors received a moment of reckoning yesterday (August 28) as the leading retailer reported earnings. Abercrombie's Q2 earnings release indicated a mixed scorecard. Although comps sales growth was robust, its gross margins failed to meet Wall Street's estimates. As a result, it led to a battering in ANF stock yesterday as the market reassessed its growth algorithm. After ANF's significant market outperformance over the ...

jetcityimage Abercrombie & Fitch's (NYSE:ANF) 2Q24 results were really good, yet the market dropped the price by 17%, signaling lofty expectations can thump on good company development. The results do not provide a lot of information about the future, given ANF management's discrete approach to earning calls, and conservative guidance. However, the stock is down 30% since my last article, and I believe this merits a revision of the thesis. Today, the market values ANF at a multiple of 13x or, conversely ...

Abercrombie's share price slumped this week despite another strong quarter. (AP Photo/Bebeto ... [+] Matthews, File)Copyright 2017 The Associated Press. All rights reserved. Spare a thought for fashion group Abercrombie & Fitch, which saw its shares plunge Wednesday after the apparel retailer’s CEO raised concerns about the wider retail market against a challenging economic backdrop.Lest we forget, time was when Abercrombie’s stock value didn't need any help in losing ground, scraping along the bottom as th ...

tupungato August 28th was not a very pleasant day for shareholders of clothing company Abercrombie & Fitch (NYSE:ANF). Shares closed down 17% after management announced financial results covering the second quarter of the company's 2024 fiscal year. At first glance, this is surprising. I say this because management reported revenue and earnings per share that came in above what analysts anticipated. However, the market has gotten overly picky with this name, punishing the stock because margins did not c ...

anouchka Abercrombie & Fitch Co. (NYSE:ANF) reported the company's fiscal Q2 results on the 28th of August in pre-market hours. Despite top-of-the-line results that exceeded Wall Street's estimates, the stock has crashed -17% to the results. In my previous article on the stock, I initiated the stock at a Sell rating as the impressive Abercrombie & Fitch brand turnaround was overshadowed by a too tight valuation, especially considering the possible shift in fashion trends that acts as a major risk to the lon ...

Abercrombie & Fitch shares plunged 17% Wednesday after its CEO warned of an “increasingly uncertain environment” ahead — the company’s first mention of a cautious consumer sentiment in four quarters.The sell-off came despite the company raising its annual sales target after reporting better-than-expected quarterly revenue, but investors expected a bigger forecast bump from the high-flying retailer.CEO Fran Horowitz had cautioned that Abercrombie & Fitch might see growth falter in the second half of the year ...