- Abercrombie & Fitch reported net sales of $1.21 billion, surpassing the estimate of $1.18 billion.
- Abercrombie’s individual net sales reached $629.8 million, slightly above the estimate of $629.4 million.
- Hollister’s net sales were $579.1 million, notably exceeding the estimate of $552.6 million.
- Overall comparable sales increased by 16%, outperforming the estimated 10.9% rise.
- Abercrombie segment showed an 11% increase in comparable sales, slightly below the 11.8% estimate.
- Hollister posted a substantial 21% rise in comparable sales, far surpassing the 10.8% estimate.
- The reported gross margin for the quarter was 65.1%, marginally above the estimated 65%.
- Analyst ratings included 5 buys and 5 holds, with no sells.
Abercrombie & Fitch Co Cl A on Smartkarma
Independent analysts on Smartkarma, such as Baptista Research, are bullish on Abercrombie & Fitch Co. According to a report titled “Expanded Product Categories & Brand Partnerships Driving Our Optimism! – Major Drivers,” the company’s second-quarter results for 2024 exceeded expectations. With a 21% growth in net sales reaching $1.1 billion and a strong operating margin of 15.5%, Abercrombie & Fitch is on a positive trajectory. Baptista Research is analyzing various factors that could impact the company’s stock price in the near future, utilizing a Discounted Cash Flow methodology for valuation.
In another report by Baptista Research, titled “Continuing Customer Acquisition,” Abercrombie & Fitch’s performance in the first quarter of fiscal year 2024 was highlighted as impressive. The company achieved record sales of $1 billion, marking a 22% year-over-year growth. Operating income also saw a significant increase, reaching $130 million. This exceptional performance in the first quarter has garnered positive sentiment from analysts, indicating a favorable outlook for Abercrombie & Fitch Co. as they continue to attract and retain customers.
A look at Abercrombie & Fitch Co Cl A Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores analysis, Abercrombie & Fitch Co Cl A demonstrates a positive long-term outlook. With strong momentum and growth scores of 5 and 4 respectively, the company is positioned for future expansion and market success. These scores indicate a high potential for continued financial growth and a solid ability to capitalize on market opportunities.
Additionally, Abercrombie & Fitch Co Cl A shows resilience in the face of challenges, with a score of 3 in that category. This resilience coupled with a value score of 2 suggests that the company is well-positioned to weather economic fluctuations while maintaining its competitiveness in the retail sector.
### Abercrombie & Fitch Co. a specialty retailer that operates stores and direct-to-consumer operations. Through these channels, the Company sells: casual sportswear apparel, including knit and woven shirts, graphic t-shirts, fleece, jeans and woven pants, shorts, sweaters, and outerwear; personal care products; and accessories for men, women and kids. ###
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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