Abercrombie & Fitch Q2 net sales $935M (+16% YoY), adjusted EPS $1.10, guidance raised

ABERCROMBIE & FITCH CO /DE/

2023-Q2 EPS reported $1.43 revenue$1,771,339,000

Q2 net sales $935M vs $805M last year, +16%; Abercrombie brands +26%, Hollister +8%.
Operating margin 9.6%, vs ~break-even prior year; net income $56.9M (diluted EPS $1.10).
Inventory down 30% YoY; company raises FY sales guidance to 8-10% growth (prev. 4-6%).
FY operating margin guidance raised to 5.5-6.5% (prev. 4-5%); management cites strong demand and cost control.
APAC comparable sales +25%, Americas +9%, EMEA +2% on constant currency basis.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ABERCROMBIE & FITCH CO /DE/ reported financial results for the second quarter ended July 29, 2023.

Period: the second quarter ended July 29, 2023
Result: reported results

Exact text from the filing

On August 23, 2023, Abercrombie & Fitch Co. (the “Company”) issued a news release (the “Release”) reporting the Company’s unaudited financial results for the second quarter ended July 29, 2023.

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Source: SEC EDGAR

accession 0001018840-23-000074

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