earnings
confidence high
sentiment positive
materiality 0.85
Abercrombie & Fitch Q4 net sales +9%, FY2024 EPS $10.69 (+72%), new $1.3B buyback
ABERCROMBIE & FITCH CO /DE/
2024-FY EPS reported
$10.69
revenue$4,948,587,000
- FY2024 net sales $4.95B (+16% YoY), operating margin 15.0% (+370bps), diluted EPS $10.69 (+72%).
- Q4 net sales $1.585B (+9% YoY) with comparable sales up 14%; Abercrombie brands comp +5%, Hollister comp +24%.
- FY2025 guidance: net sales growth 3-5%, operating margin 14-15%, EPS $10.40-$11.40.
- Board authorized new $1.3B share repurchase program replacing prior 2021 program; expects $400M repurchases in 2025.
- Full year share repurchases in 2024 were $230M (1.6M shares, 3% of shares outstanding).