Abercrombie & Fitch Co. Non-GAAP EPS of $2.50 beats by $0.28, revenue of $1.13B beats by $40M
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Contributor since / Followers
3 months ago
- Abercrombie & Fitch Co. press release (NYSE:ANF): Q2 Non-GAAP EPS of $2.50 beats by $0.28.
- Revenue of $1.13B (+21% Y/Y) beats by $40M.
- Comparable sales growth of 18%
- Broad-based net sales growth across regions and brands, with Abercrombie brands growth of 26% and Hollister brands accelerating to growth of 17%
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For the third quarter of fiscal 2024, the company expects: - Net sales growth to be up low double-digits compared to fiscal third quarter 2023 level of $935 million.
- Operating margin to be in the in the range of 13% to 14% compared to an operating margin of 13.1% in Q3 2023.
- Effective tax rate to be mid-20s, with the rate being sensitive to the jurisdictional mix and level of income.