Abercrombie & Fitch Co Stock Price, News & Analysis

Abercrombie & Fitch Co. (ANF) reported a 10% increase in net sales for Q3 2021, reaching $905 million, marking its best operating margin since 2012 at 8%. The U.S. market was a significant contributor, with a 17% growth year-over-year. Digital sales also rose by 8%, representing 46% of total sales. The company approved a new $500 million share repurchase program, enhancing shareholder value. Despite facing supply chain challenges, management remains optimistic about the holiday season, poised to meet customer demand.

Abercrombie & Fitch Co. (NYSE: ANF) will hold its third quarter earnings conference call on November 23, 2021, at 8:30 a.m. ET. A press release with earnings results will be distributed at 7:30 a.m. ET. Interested parties can access the call via the company’s website or by phone. Domestic participants can call 1-800-458-4121, while international callers can dial 1-323-794-2093. The call will be archived online for later access.

Abercrombie & Fitch Co. (NYSE: ANF) has launched a same-day delivery service across over 540 locations in the U.S., including Abercrombie & Fitch, abercrombie kids, Hollister, and Gilly Hicks. Collaborating with Uber, Shipt, Postmates, Roadie, and Delivery Solutions, customers can now receive products quickly from their local stores. This new service enhances the company's omnichannel capabilities and supports its goal of providing flexible shopping experiences. The initiative aligns with a recent partnership to open a new, advanced distribution center in Phoenix, aimed at boosting supply chain efficiency.

Abercrombie & Fitch Co. (NYSE: ANF) has appointed Fortnite Champion Kyle 'Bugha' Giersdorf as its Chief Gaming Scout. This partnership marks a first for a brand collaborating with a professional gamer in this capacity. Together, they launched a co-created apparel line, including a hoodie and sweatpants designed for gamers. Bugha will also select new streamers for Team Hollister, a gamer training program set to launch in November. The program will feature livestreamed training and a $10,000 sponsorship for each selected streamer, enhancing Hollister's engagement in the gaming community.

Hollister Co., a division of Abercrombie & Fitch (NYSE: ANF), is enhancing its collaboration with The Academy Group through a new product collection aimed at raising awareness of the education gap affecting BIPOC teens. The collection, featuring empowering messages, is available for purchase, and Hollister will donate $180,000 to support The Academy Group's initiatives. This follows a $270,000 commitment since their partnership began in December 2020. The brand aims to inspire change and support the BIPOC community as students return to school after pandemic-related disruptions.

Hollister Co., a division of Abercrombie & Fitch (NYSE: ANF), launched the Hollister Good Vibras initiative, targeting the Latinx creator community. This long-term program supports Latinx creators by producing social content and music. The inaugural collective includes 16 creators from diverse backgrounds, collaborating on content for Hispanic Heritage Month and a bilingual pop/hip hop album. The initiative aims to amplify BIPOC voices while aligning with Gen Z's preferences for authentic representation.

Abercrombie & Fitch Co. has announced the appointment of Michael Lopez as Senior Vice President, Environmental, Social and Governance (ESG), effective August 30, 2021. In this newly created role, he will lead the company's sustainability, community giving, and inclusion and diversity initiatives. Lopez, previously Chief Diversity Officer at Hewlett Packard Enterprise, brings extensive experience in fostering inclusive environments across various industries. His leadership is expected to enhance Abercrombie's ESG strategy and positively impact global communities.

Abercrombie & Fitch Co. (NYSE: ANF) reported outstanding results for Q2 2021, with net sales rising by 24% year-over-year to $865 million. The U.S. market saw a 31% growth in net sales. Gross profit margin expanded significantly, increasing by 450 basis points to 65.2%, driven by improved average unit retail. Operating income soared to $115 million, compared to $14 million in the previous year. Digital sales represented 44% of total sales. Despite a slight decrease in digital sales year-over-year, the company shows positive momentum in the back-to-school season and brand launches.