Loading...
Market
What will Abercrombie & Fitch's annual operating margin for 2024 be?
5
Resolution / Starting Odds
< 14% • 25%
14% - 14.99% • 25%
15% - 15.99% • 25%
>= 16% • 25%
Abercrombie & Fitch's official annual financial report for 2024
Story
Abercrombie & Fitch Reports Record Q1 Earnings, Sales Up 22%, EPS $2.14, Raises 2024 Forecast
May 29, 2024, 12:22 PM
Abercrombie & Fitch has reported record-breaking first-quarter earnings, significantly surpassing analyst expectations. The company's Q1 2024 net sales reached $1.02 billion, up 22% year-over-year, with comparable sales growth of 21%. Adjusted earnings per share (EPS) came in at $2.14, far exceeding the estimated $1.73. Abercrombie's net income surged by 587%, and its gross margin hit 66.4%, above the expected 64.4%. The brand's performance was strong across its segments, with Abercrombie sales increasing by 31.1% and Hollister sales by 12.3%. Following these results, Abercrombie & Fitch raised its annual sales growth forecast for 2024 to around 10%, up from the previous outlook of 4%-6%. The company's stock has also seen significant growth, trading at new all-time highs and up more than 700% over the past year. The operating margin is expected to be around 14%, and the operating income reached $130 million.
View original story
Similar markets
Below 38% • 25%
38% to 40% • 25%
40% to 42% • 25%
Above 42% • 25%
5-10% • 25%
11-15% • 25%
16-20% • 25%
More than 20% • 25%
Under $5 billion • 25%
$5 billion to $5.5 billion • 25%
$5.5 billion to $6 billion • 25%
Over $6 billion • 25%
Below $3.3B • 25%
$3.3B to $3.4B • 25%
$3.4B to $3.5B • 25%
Above $3.5B • 25%
0-5% • 25%
6-10% • 25%
11-15% • 25%
Over 15% • 25%
Less than 10% • 25%
10% to 20% • 25%
21% to 30% • 25%
More than 30% • 25%
Less than 85% • 25%
85% to 89% • 25%
90% to 94% • 25%
95% or more • 25%