Abercrombie & Fitch reported Q4 earnings and revenue above expectations, with 16% increase in comparable sales.
Abercrombie & Fitch (ANF) reported a strong Q4, beating earnings and revenue expectations. Earnings per share were $2.97 on revenue of $1.45 billion. Comparable sales increased 16%, and gross profit rate improved 720 basis points to 62.9%. For FY24, Abercrombie expects net sales growth of 4-6%. Shares initially fell but remained near a record high.
March 06, 2024
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