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Abercrombie & Fitch Posts Strong Q4 Results, Guidance
Investopedia· 2024-03-06 17:20
Key TakeawaysAbercrombie & Fitch beat fourth-quarter earnings and revenue estimates, and gave strong first-quarter guidance on sales at its namesake brands and higher prices.The retailer said it expected net sales to be "low double-digits" higher in its current fiscal quarter.Abercrombie & Fitch shares lost ground after hitting an all-time high Tuesday, although they remain up about 30% in the past month. Abercrombie & Fitch Co. (ANF) on Wednesday posted holiday-quarter results and guidance that beat analys ...
A&F(ANF) - 2024 Q4 - Earnings Call Transcript
2024-03-06 16:35
Abercrombie & Fitch Co. (NYSE:ANF) Q4 2024 Earnings Conference Call March 6, 2024 8:30 AM ET Company Participants Mohit Gupta - IR Fran Horowitz - CEO Scott Lipesky - CFO, COO Conference Call Participants Dana Telsey - Telsey Advisory Group Corey Tarlowe - Jefferies Matthew Boss - JP Morgan Marni Shapiro - The Retail Tracker Alex Straton - Morgan Stanley Mauricio Serna - UBS Kelly Crago - Citi Janet Kloppenburg - JJK Research Dylan Carden - William Blair Operator Good day, and thank you for standing by. Wel ...
A&F(ANF) - 2024 Q4 - Annual Results
2024-03-06 16:00
ABERCROMBIE & FITCH CO. REPORTS FOURTH QUARTER AND FULL YEAR RESULTS • Company delivers fourth quarter net sales growth of 21%, led by 35% growth in Abercrombie brands • Full year net sales of $4.28 billion, up 16% to 2022, driven by comparable sales up 13% • Full year net sales growth across regions and brands; Abercrombie brands comparable sales up 23% • Full year operating margin of 11.3%, highest in fifteen years and up 880 basis points to full year 2022 New Albany, Ohio, March 6, 2024: Abercrombie & Fi ...
Abercrombie (ANF) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
Zacks Investment Research· 2024-03-06 15:30
Abercrombie & Fitch (ANF) reported $1.45 billion in revenue for the quarter ended January 2024, representing a year-over-year increase of 21.1%. EPS of $2.97 for the same period compares to $0.81 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.42 billion, representing a surprise of +2.08%. The company delivered an EPS surprise of +5.69%, with the consensus EPS estimate being $2.81.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings ...
Abercrombie & Fitch issues upbeat revenue guidance following strong holiday quarter
Proactive Investors· 2024-03-06 14:44
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) Q4 Earnings and Revenues Beat Estimates
Zacks Investment Research· 2024-03-06 14:41
Abercrombie & Fitch (ANF) came out with quarterly earnings of $2.97 per share, beating the Zacks Consensus Estimate of $2.81 per share. This compares to earnings of $0.81 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.69%. A quarter ago, it was expected that this teen clothing retailer would post earnings of $1.14 per share when it actually produced earnings of $1.83, delivering a surprise of 60.53%.Over the last four quart ...
Abercrombie & Fitch beats holiday estimates as sales soar again
CNBC· 2024-03-06 12:50
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 said Wednesday that its holiday-quarter sales jumped 21% and its profits grew thanks to higher prices and lower raw material costs.The apparel retailer expects its growth story will continue as it issued better-than-expected sales guidance.Here's how Abercrombie did in its fourth fiscal quarter compared with what Wall Street was anticipat ...
Abercrombie & Fitch Co. Reports Fourth Quarter and Full Year Results
Newsfilter· 2024-03-06 12:30
Company delivers fourth quarter net sales growth of 21%, led by 35% growth in Abercrombie brandsFull year net sales of $4.28 billion, up 16% to 2022, driven by comparable sales up 13%Full year net sales growth across regions and brands; Abercrombie brands comparable sales up 23%Full year operating margin of 11.3%, highest in fifteen years and up 880 basis points to full year 2022 NEW ALBANY, Ohio, March 06, 2024 (GLOBE NEWSWIRE) -- Abercrombie & Fitch Co. (NYSE:ANF) today announced results for the fourteen ...
Abercrombie & Fitch Stock Just Got an Upgrade to Beat Its Peers
MarketBeat· 2024-03-06 11:07
Key PointsConsumer discretionary stocks are about to see a new capital rotation into them on bullish expectations from the Fed's potential interest rate cuts.Out of the whole group, Abercrombie & Fitch stock is earning the market's love, with price action and growth ahead.Analysts are boosting the stock's price targets, and the market is happy to bid up the price further.5 stocks we like better than GAPNew trends are developing in the United States stock market, which will soon attract professional investor ...
Retail renaissance: The shopping center REIT beating the odds
Finbold· 2024-03-05 07:33
When it comes to real estate investments, retail properties have stood as a solid opportunity for investors seeking stable income. Among these investment vehicles are real estate investment trusts (REITs), specializing in the ownership and management of retail spaces such as shopping centers, malls, and strip malls.Despite the challenges posed by changing consumer behaviors and economic fluctuations, certain retail REITs have not only weathered the storm but emerged as notable success stories. One such stan ...