Abercrombie & Fitch Co. reported a significant beat on analysts' estimates for fourth-quarter revenue, driven by strong holiday-quarter demand for its apparel brands. The company not only surpassed top and bottom line expectations with an EPS of 2.97 and revenue of $1.45 billion but also provided raised guidance for the full year. Despite the positive earnings report, Abercrombie & Fitch shares experienced a pullback. The company's fourth-quarter performance was highlighted by a 28% increase in Abercrombie sales and a 6% increase in Hollister sales, with overall net income soaring by over 313.3% and inventories down by 7%. This impressive performance comes amid a broader trend of apparel retailers exceeding quarterly revenue estimates, with American Eagle Outfitters reporting a pre-market surge of 11.7% and Gap reporting a yearly revenue fall of 5% but still managing to exceed earnings expectations, driven by full-price sales and growth in Old Navy sales, respectively.
Gap rose after reporting fourth-quarter earnings that exceeded expectations, a sign that efforts to turn the storied apparel retailer around are bearing fruit. https://t.co/btuq2yXXyA
Old Navy sales help lift Gap results and spur yet another post-earnings rally https://t.co/bSyZ0z3bwI
Gap’s Yearly Revenue Falls 5%, but Stock Pops on Earnings Beat https://t.co/6qY1KCjloU
Old Navy returns to growth as Gap's holiday earnings blow past estimates https://t.co/zUZ11paHJ1
$ANF - Peak.
American Eagle Stock Is Surging. Earnings Beat and There’s a Growth Plan. https://t.co/L8WfNqazhg
$AEO (+11.7% pre) American Eagle unveils strategy to grow profits, takes $94 million in impairment charges for logistics business - CNBC https://t.co/QeMnpmZgf2
⚠️ AMERICAN EAGLE BEATS QUARTERLY REVENUE ESTIMATES Full Story → https://t.co/jhxvrMNOqK American Eagle Outfitters topped Wall Street expectations for fourth-quarter revenue on Thursday, as consumers purchased the apparel retailer's full-price items during the crucial holiday…
$ANF amazing how far this has come. Looks like a technical and fundamental short to me. Very nice r/r
Abercrombie & Fitch Stock Is Slipping After Strong Earnings https://t.co/R6exlIvH7T
Abercrombie & Fitch shares pull back despite forecast-topping earnings https://t.co/sQBh8TzTjw
Abercrombie & Fitch beats holiday estimates as sales soar again, helped by higher prices https://t.co/G6uFuFAaAv
$ANF defies the haters by beating the guide-up issued in December. EPS of 2.97 on Rev of $1.45 (vs 2.81 & $1.42b) Q4 comps: Abercrombie 28%(!) Hollister 6%. Inventories down 7%. Guides Q1 and FY higher. Immediate reaction is down 2%, which isn't bad, considering.
Good Morning! $ANF may be the most mysterious stock in the world, the company crushed another quarter of results this morning with top and bottom line beats and provided raised full year guidance Their yearly chart looks so good that it feels like a mistake 😳 https://t.co/XhjM0JfN0v
⚠️ ABERCROMBIE (and) FITCH BEATS REVENUE ESTIMATES ON STRONG HOLIDAY-QUARTER DEMAND Full Story → https://t.co/Ona0nD45qk Abercrombie (and) Fitch Co on Wednesday beat analysts' estimates for fourth-quarter revenue on strong demand for its apparel brands in the critical holiday… https://t.co/irmyc3NAgC
Abercrombie & Fitch Q4 results: 💵 Total sales: +21.0% 👖 Abercrombie sales: +34.8% (comps: +28%) 👕 Hollister sales: +9.1% (comps: +6%) 📈 Net income: +313.3% 🔥🚒 We're gonna need a fire truck!! Fantastic results, extra week helps, but astonishing comps! Well run retailer!