Abercrombie & Fitch Q3 net sales up 20% YoY, operating margin expands 1,110 bps; raises FY outlook

ABERCROMBIE & FITCH CO /DE/

2023-Q3 EPS reported $3.25 revenue$2,827,770,000

Net sales $1.056B, +20% YoY; comparable sales +16% (Abercrombie +21%, Hollister +2%).
Diluted EPS $1.83 vs $(0.04) loss in Q3 2022; net income $96.2M attributable to A&F.
Operating margin 13.1% vs 2.0% last year, driven by gross profit rate expansion and expense leverage.
Company raises full-year outlook for both net sales growth and operating margin expansion.
Year-to-date Q3 net sales $2.827B, net income $169.7M, diluted EPS $3.25.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ABERCROMBIE & FITCH CO /DE/ updated its the third quarter ended October 28, 2023 guidance (raised).

Period: the third quarter ended October 28, 2023
Guidance: raised
Result: reported results

Exact text from the filing

On November 21, 2023, Abercrombie & Fitch Co. (the “Company”) issued a news release (the “Release”) reporting the Company’s unaudited financial results for the third quarter ended October 28, 2023.

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Source: SEC EDGAR

accession 0001018840-23-000086

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