earnings
confidence high
sentiment positive
materiality 0.85
Abercrombie Q2 sales $1.13B +21%, EPS $2.50, raises FY24 outlook
ABERCROMBIE & FITCH CO /DE/
2024-Q2 EPS reported
$4.64
revenue$2,154,704,000
- Record Q2 net sales of $1.13B, up 21% YoY; comparable sales +18%, broad-based across regions and brands.
- Diluted EPS $2.50 vs $1.10; operating income $176M, operating margin 15.5% (+590 bps).
- Raised FY24 guidance: net sales +12-13%, operating margin 14-15%.
- Abercrombie brands +26%, Hollister +17%; Americas +19%, EMEA +19%, APAC +22%.
- Redeemed all 8.75% senior secured notes; extended ABL facility; liquidity $1.2B.