earnings
confidence high
sentiment positive
materiality 0.90
Abercrombie & Fitch Q3 net sales $905.2M (+10.4% YoY); best Q3 operating margin since 2012; $500M buyback approved
ABERCROMBIE & FITCH CO /DE/
2021-Q3 EPS reported
$3.10
revenue$2,551,415,000
- Diluted EPS $0.77 vs $0.66 in Q3 2020; net income $47.2M vs $42.3M.
- Operating income $72.7M, highest Q3 operating income since 2012.
- Board authorized $500M share repurchase program, replacing prior $3.9M-share plan.
- Gross margin improved to 63.7% from 63.9%? Actually gross profit $576.2M vs $524.4M.
- Store count stable at 735; digital and omnichannel demand cited as drivers.