Abercrombie & Fitch Co.
Abercrombie & Fitch Co. Reports Strong Q3 Results and Raises FY Outlook
Summary
Abercrombie & Fitch Co. reported record third-quarter net sales of $1.2 billion, up 14% year-over-year, and comparable sales of 16%. The company's operating margin expanded by 170 basis points to 14.8%, with operating income increasing by 30% to $179 million. For fiscal 2024, Abercrombie & Fitch Co. raised its full-year outlook to net sales growth of 14% to 15% and an operating margin of around 15%. The company also repurchased 924,205 shares for $130 million year-to-date and has $102 million remaining on its share repurchase authorization.
Profitelligence Alerts
Get alerts for ANF
Be first to know when Abercrombie & Fitch Co. files with the SEC.
Filing Categories
Exhibits (4)
Advertisement
About Abercrombie & Fitch Co.
Abercrombie & Fitch Co. is a renowned American specialty retailer focused on casual wear. Established in 1892, the company has a legacy of combining timeless fashion with a modern edge. It primarily designs and sells its collections through two major brands: Abercrombie & Fitch and Hollister Co. The company targets a diverse consumer base, with Abercrombie & Fitch appealing to a more mature audience, while Hollister Co. is designed with a youthful, Southern California-inspired vibe. With a strong presence in North America, Europe, and Asia, Abercrombie & Fitch Co. utilizes a mix of retail, digital, and omni-channel strategies to engage with its fashion-conscious customers globally. It operates flagship stores in major cities and emphasizes an immersive in-store experience. In an ever-evolving retail landscape, Abercrombie & Fitch Co. continues to adapt through digital innovation, sustainability initiatives, and a focus on inclusivity, driving its relevance and market significance in a competitive industry.
Official SEC Documents
Advertisement