Abercrombie & Fitch: A Tech-Focused Company Doing Retail
A&F(ANF) Seeking Alpha·2024-06-20 19:04
Robert Way/iStock Editorial via Getty Images Another very strong quarter Abercrombie & Fitch Co. (NYSE:ANF) reported its Q1 financial results in May. Earnings were very strong as revenue increased 22% to $1 billion. EPS came in at $2.14 from $0.34 a year ago and the company achieved a record 13% operating margin (vs. 4.1% last year). The market responded very positively to the results, as the stock is up more than 20% since the earnings release. Over the past year, Abercrombie's stock price has quadrupled i ...