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Abercrombie's strong Q2 performance, raised guidance fail to impress investors
Proactiveinvestors NA· 2024-08-28 14:15
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
Abercrombie & Fitch (ANF) Tops Q2 Earnings and Revenue Estimates
ZACKS· 2024-08-28 13:40
Abercrombie & Fitch (ANF) came out with quarterly earnings of $2.50 per share, beating the Zacks Consensus Estimate of $2.14 per share. This compares to earnings of $1.10 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.82%. A quarter ago, it was expected that this teen clothing retailer would post earnings of $1.66 per share when it actually produced earnings of $2.14, delivering a surprise of 28.92%.Over the last four quar ...
A&F(ANF) - 2024 Q2 - Earnings Call Presentation
2024-08-28 12:24
bercrombi bercrombie Fitch Abercrombie & Fitch Co. INVESTOR PRESENTATION: SECOND QUARTER 2024 | --- | |-----------------------------------| | TABLE OF CONTENTS | | Safe Harbor and Other Information | | Company Overview | | Q2 2024 Results | | Appendix | | | SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 This presentation contains forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). These statements, including, without ...
Abercrombie & Fitch posts 21% sales gain, hikes outlook despite 'increasingly uncertain environment'
CNBC· 2024-08-28 11:32
An Abercrombie & Fitch store in New York, US, on Monday, Nov. 20, 2023. Abercrombie & Fitch Co. is scheduled to release earnings figures on November 21.Abercrombie & Fitch's revenue grew 21% during its fiscal second quarter as the apparel company builds on its torrid growth. The sales gain, which follows 16% growth in the year-ago period, led the company to issue bullish guidance for the current quarter. Still, its full-year outlook was largely in line with estimates as it prepares for one fewer week this y ...
Abercrombie & Fitch Co. Reports Second Quarter Fiscal 2024 Results
GlobeNewswire News Room· 2024-08-28 11:30
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 millionFurther strengthened balance sheet with redemption of all its outstanding 8.75% senior secured notes and amendment and extension of ABL Facility result ...
Can A Strong Q2 Performance Help Abercrombie Stock Extend Its 80% Gains This Year?
Forbes· 2024-08-28 04:54
LONDON,ENGLAND - June 2023: Abercrombie & Fitch store sign External Store Sign London, England. ... [+] (Photo by Peter Dazeley/Getty Images)Getty ImagesAbercrombie & Fitch (NYSE: ANF), a specialty retailer selling casual clothing and footwear, is scheduled to report its fiscal Q2 2024 results on Wednesday, August 28. (ANF’s FY’23 ended on February 3, 2024) We expect ANF stock to likely see little to no movement post-Q2 results with revenue beating but earnings missing expectations marginally in fiscal Q2. ...
Gear Up for Abercrombie (ANF) Q2 Earnings: Wall Street Estimates for Key Metrics
ZACKS· 2024-08-23 14:21
Wall Street analysts forecast that Abercrombie & Fitch (ANF) will report quarterly earnings of $2.14 per share in its upcoming release, pointing to a year-over-year increase of 94.6%. It is anticipated that revenues will amount to $1.09 billion, exhibiting an increase of 16.5% compared to the year-ago quarter.The consensus EPS estimate for the quarter has undergone an upward revision of 4.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have re ...
Abercrombie & Fitch Co. Announces Election of Andrew Clarke to its Board of Directors
GlobeNewswire News Room· 2024-08-22 20:30
NEW ALBANY, Ohio, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Abercrombie & Fitch Co. (NYSE: ANF), a leading, global omnichannel specialty retailer of apparel and accessories, today announced the election of Andrew Clarke to its Board of Directors, effective August 21, 2024. Mr. Clarke, 51, is the Global President of Mars Snacking, a division of Mars, Incorporated. In this role, which he has held since 2018, Clarke is responsible for overseeing one of the world’s most iconic portfolio of snack brands, which represent ...
Pre-Q2 Earnings: Is Abercrombie (ANF) a Portfolio Must-Have?
ZACKS· 2024-08-22 17:25
Abercrombie & Fitch Co. (ANF) is scheduled to report second-quarter fiscal 2024 results on Aug 28, before the opening bell.The Zacks Consensus Estimate for ANF’s fiscal second-quarter revenues is pegged at $1.1 billion, suggesting 16.4% growth from that reported in the year-ago quarter. For fiscal second-quarter earnings, the consensus mark is pegged at $2.14 per share, implying a 94.6% increase from the $1.10 reported in the year-ago quarter. The consensus estimate for earnings has moved up by a penny in t ...
Abercrombie & Fitch (ANF) Crossed Above the 50-Day Moving Average: What That Means for Investors
ZACKS· 2024-08-20 14:31
From a technical perspective, Abercrombie & Fitch (ANF) is looking like an interesting pick, as it just reached a key level of support. ANF recently overtook the 50-day moving average, and this suggests a short-term bullish trend.The 50-day simple moving average is a widely used technical indicator that helps determine support or resistance levels for different types of securities. It's one of three major moving averages, but takes precedent because it's the first sign of an up or down trend.Over the past f ...