earnings
confidence high
sentiment positive
materiality 0.85
Abercrombie & Fitch Q1 net sales $1.02B (+22% YoY); raises FY outlook
ABERCROMBIE & FITCH CO /DE/
2024-Q1 EPS reported
$2.14
revenue$1,020,730,000
- Net sales of $1.02B, up 22% YoY, highest Q1 in company history.
- Comparable sales grew 21% with Abercrombie brands up 29%, Hollister up 13%.
- Operating margin of 12.7%, up 860 bps from last year.
- Raises FY2024 outlook: net sales growth ~10%, operating margin ~14%.
- Diluted EPS $2.14 vs. $0.32 in prior-year Q1, driven by strong revenue and margins.