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Abercrombie & Fitch posts its strongest first quarter ever, as sales jump 22%
cnbc.com· 2024-05-29 12:15
An Abercrombie & Fitch signage is seen on a store on Fifth Avenue on August 25, 2022 in New York City.Abercrombie & Fitch reported its strongest first quarter in its history on Wednesday, continuing a winning streak that again exceeded expectations.The retailer's sales jumped 22% compared to last year, while profits were nearly seven times higher and came in well ahead of Wall Street's estimates.Shares were up about flat in premarket trading.Here's how the apparel company did in its first fiscal quarter com ...
Abercrombie & Fitch Co. Reports First Quarter Fiscal 2024 Results
Newsfilter· 2024-05-29 11:30
Net sales of $1.0 billion, up 22% from last year with comparable sales growth of +21%, resulting in the highest first quarter net sales in company historyBroad-based net sales growth across regions and brands; with Abercrombie brands growth of +31%First quarter operating margin of 12.7%, up 860 basis points from last yearIncreases full year outlook to net sales growth of around 10%, and operating margin of around 14% NEW ALBANY, Ohio, May 29, 2024 (GLOBE NEWSWIRE) -- Abercrombie & Fitch Co. (NYSE:ANF) today ...
Abercrombie & Fitch Co. Reports First Quarter Fiscal 2024 Results
globenewswire.com· 2024-05-29 11:30
Net sales of $1.0 billion, up 22% from last year with comparable sales growth of +21%, resulting in the highest first quarter net sales in company historyBroad-based net sales growth across regions and brands; with Abercrombie brands growth of +31%First quarter operating margin of 12.7%, up 860 basis points from last yearIncreases full year outlook to net sales growth of around 10%, and operating margin of around 14% NEW ALBANY, Ohio, May 29, 2024 (GLOBE NEWSWIRE) -- Abercrombie & Fitch Co. (NYSE: ANF) toda ...
Abercrombie & Fitch Earnings Due After Retailer's 385% Run
investors.com· 2024-05-28 18:41
Abercrombie & Fitch (ANF) prepares to report earnings for its fiscal first quarter early Wednesday, with rival American Eagle Outfitters (AEO) due after the close. Abercrombie & Fitch stock rose Tuesday to a fresh all-time high and out of buy range.X The trendy youth apparel retailers are reporting as investors closely watch the impact of lingering inflation on consumers' shopping habits. Last week, Urban Outfitters (URBN) issued strong earnings and a solid outlook for the current quarter.Led by Abercrombie ...
Retail Stock Ready to Take Off After Earnings
schaeffersresearch.com· 2024-05-28 18:06
Abercrombie & Fitch Co (NYSE:ANF) is up 2.5% to trade at $153.61, as the red-hot retailer prepares to step into the earnings confessional. The sector staple-- which has caught our eye numerous times in the last 12 months -- will report first-quarter earnings before the market opens tomorrow morning. ANF has closed higher the session after earnings in four of its last eight quarters, including three of the last four that featured a 31.1% pop last May. The shares average a 14.7% swing, regardless of direction ...
Up 70% Since Beginning Of This Year, Will Abercrombie's Strong Run Continue Following Q1 Results?
forbes.com· 2024-05-28 16:00
TORONTO, ONT - JULY 26: An Abercrombie & Fitch corporate logo hangs on a wall outside their store at ... [+] the Eaton Center shopping mall on July 26, 2023, in Toronto, Canada. (Photo by Gary Hershorn/Getty Images)Getty ImagesNote: ANF’s FY’23 ended on February 3, 2024.Abercrombie & Fitch (NYSE: ANF), a specialty retailer selling casual clothing and footwear, is scheduled to report its fiscal first-quarter results on Wednesday, May 29. We expect ANF stock to likely trade lower with revenues and earnings mi ...
Glance at Abercrombie's (ANF) Q1 Earnings: Is It a Buy Option?
zacks.com· 2024-05-24 15:31
Abercrombie & Fitch Co. (ANF) is scheduled to report first-quarter fiscal 2024 results on May 29, before the opening bell.The Zacks Consensus Estimate for fiscal first-quarter revenues is pegged at $948.8 million, suggesting 13.5% growth from that reported in the year-ago quarter. For fiscal first-quarter earnings, the consensus mark is pegged at $1.66 per share, implying a significant increase from the 39 cents reported in the year-ago quarter. The consensus estimate for earnings has moved up 5.7% in the p ...
What Analyst Projections for Key Metrics Reveal About Abercrombie (ANF) Q1 Earnings
zacks.com· 2024-05-23 14:16
Wall Street analysts forecast that Abercrombie & Fitch (ANF) will report quarterly earnings of $1.62 per share in its upcoming release, pointing to a year-over-year increase of 315.4%. It is anticipated that revenues will amount to $948.75 million, exhibiting an increase of 13.5% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.7% to its current level. This demonstrates the covering analysts' collective reassessment of their ini ...
Abercrombie & Fitch Company (ANF) is Attracting Investor Attention: Here is What You Should Know
zacks.com· 2024-05-23 14:06
Abercrombie & Fitch (ANF) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this teen clothing retailer have returned +23.3%, compared to the Zacks S&P 500 composite's +6.1% change. During this period, the Zacks Retail - Apparel and Shoes industry, which Abercrombie falls in, has gained 6%. The key question now is: What could be the sto ...
Abercrombie & Fitch (ANF) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
zacks.com· 2024-05-22 15:01
The market expects Abercrombie & Fitch (ANF) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended April 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be re ...