earnings
confidence high
sentiment positive
materiality 0.75
Abercrombie & Fitch Q1 net sales record $1.1B (+2% YoY); EPS $1.47 beats outlook
ABERCROMBIE & FITCH CO /DE/
- Record Q1 net sales of $1.1B, up 2% YoY; 14th consecutive quarter of growth.
- Operating margin 8.0%; diluted EPS $1.47, above company's outlook range.
- Americas +3%, APAC +24%, EMEA -10%; Abercrombie brands +3%, Hollister flat.
- $105M in share repurchases in Q1 (3% of shares); Q2 outlook includes at least $150M in buybacks.
- Full-year guidance maintained: net sales growth 3-5%, EPS $10.20-$11.00, share repurchases ~$450M.