Abercrombie & Fitch Co Stock Price, News & Analysis

Abercrombie & Fitch (ANF) reported strong financial results for Q4 and full year 2024. The company achieved net sales of $4.95 billion for the full year, up 16% from 2023, driven by a 17% increase in comparable sales across all regions and brands.

Q4 performance showed a 9% net sales growth to $1.58 billion, with comparable sales up 14%. The company's operating margin improved to 15.0% for the full year, up 370 basis points from 2023, resulting in net income per diluted share of $10.69, a 72% increase.

Notable achievements include $230 million in share repurchases during 2024, representing 3% of outstanding shares. The company announced a new $1.3 billion share repurchase authorization and expects $400 million in share repurchases for 2025. The 2025 outlook projects net sales growth of 3-5% and operating margin between 14-15%.

Abercrombie & Fitch (NYSE: ANF) has announced it will release its fourth quarter and full year 2024 financial results on March 5, 2025. The company will host an earnings conference call at 8:30 a.m. ET, with the press release expected shortly after 7:30 a.m. ET. A presentation of the results will be available on the company's website simultaneously.

Participants wanting to join the conference call will need to register to obtain dial-in details and an access code. A live webcast will be available on the corporate website, and a replay will be archived for one year. The company advises that important information may be initially or exclusively disseminated through their website.

Abercrombie & Fitch (NYSE: ANF) announced a one-day retail experience called Abercrombie House in New Orleans on February 8, 2025, ahead of Super Bowl LIX. The event will showcase Super Bowl merchandise, team apparel for the Eagles, Chiefs, and Saints, along with spring collection items.

The experience includes custom embroidery services and meet-and-greet opportunities with NFL stars Nick Chubb, Fred Warner, and Drake Maye. Exclusive products range from $50-$90, featuring Super Bowl LIX themed sweatshirts, dresses, and tees.

The event builds on ANF's extended NFL licensing agreement from 2024, which encompasses over 240 styles featuring all 32 NFL teams, available year-round in stores and online. The partnership aims to deliver style-forward fan apparel across demographics.

Abercrombie & Fitch Co. (NYSE: ANF) has increased its fourth quarter net sales growth outlook to a range of 7-8%, up from the previous range of 5-7%. The company also raised its full year net sales growth outlook to around 15% from the previous range of 14-15%. The operating margin outlook for both the fourth quarter and full year remains at around 16% and 15%, respectively.

CEO Fran Horowitz attributed the improved outlook to record quarter-to-date net sales and strong performance across regions and brands during the holiday selling period. The company expects to exceed its Always Forward Plan 2025 financial targets, leveraging a strong global foundation for sustainable, profitable growth.

The foundation for growth includes:

• Healthy, customer-driven brands with large addressable markets
• Regionally relevant brand playbooks
• Significant global growth opportunities
• A strong omnichannel base
• An agile inventory model
• A durable balance sheet
• A strong culture driven by a customer-obsessed team

The company will participate in the 2025 ICR Conference on January 13-14, 2025, with a fireside chat scheduled for January 13th at 10:00 AM EST.

Abercrombie & Fitch (NYSE: ANF) has announced its participation in the 2025 ICR Conference at the Grande Lakes Resort in Orlando, Florida. The company's leadership team, including CEO Fran Horowitz, COO Scott Lipesky, and CFO Robert Ball, will engage in a fireside chat on Monday, January 13, 2025, at 10:00 AM ET.

The presentation will be accessible through a live audio webcast on the Investors section of Abercrombie's corporate website. An archive of the presentation will remain available online for 90 days following the event.

Abercrombie & Fitch Co. (NYSE: ANF) has announced a new multi-year franchise partnership with Myntra Jabong to expand its presence in India. The agreement includes plans for brick-and-mortar retail stores, regional e-commerce sites, and branded digital storefronts across the country.

The partnership will leverage Myntra Jabong's position as a leading fashion and lifestyle player in India to grow A&F's brands and deliver seamless shopping experiences. The collaboration aims to tap into India's dynamic market potential while maintaining A&F's customer-centric approach that has been key to its recent transformation.

Abercrombie & Fitch (NYSE: ANF) has promoted Robert Ball to Chief Financial Officer, effective November 20, 2024. Ball, who previously served as Senior Vice President of Corporate Finance, Investor Relations, and Treasury, brings nearly 22 years of experience with the company. He succeeds Scott Lipesky, who was promoted to Chief Operating Officer in May 2023 after serving as CFO since 2017. Ball will report to Lipesky and join the executive leadership team. Prior to this appointment, Ball held various finance leadership positions at A&F, including CFO of the Abercrombie & Fitch and abercrombie kids brands.

Abercrombie & Fitch reported strong Q3 fiscal 2024 results with record net sales of $1.2 billion, up 14% year-over-year, and comparable sales growth of 16%. Operating income increased 30% to $179 million, with operating margin expanding to 14.8%. The company saw broad-based growth across regions: Americas (+14%), EMEA (+15%), and APAC (+32%). Abercrombie brands grew 15% while Hollister brands increased 14%. Based on Q3 performance, the company raised its full-year outlook, projecting net sales growth of 14-15% and operating margin around 15%. The company also repurchased 924,000 shares for $130 million year-to-date.

Abercrombie & Fitch (NYSE: ANF) has announced it will host its third quarter 2024 earnings conference call on November 26, 2024, at 8:30 a.m. ET. The company will release its Q3 results press release shortly after 7:30 a.m. ET, along with a presentation available on their website. Interested parties can access the conference call via phone registration or listen to a live webcast through the corporate website. A replay of the webcast will be archived for one year on the company's investor relations site.