Abercrombie & Fitch Company ( (ANF) ) has released its Q2 earnings. Here is a breakdown of the information Abercrombie & Fitch Company presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Abercrombie & Fitch Co. is a global, digitally led, omnichannel specialty retailer of apparel and accessories, catering to a diverse age group from kids to millennials, with a focus on lifestyle-specific assortments. The company operates a family of brands, including Abercrombie and Hollister, known for their commitment to quality and comfort.
In its latest earnings report, Abercrombie & Fitch Co. announced record net sales of $1.2 billion for the second quarter of fiscal 2025, marking an impressive 7% increase from the previous year. This growth was primarily driven by strong performance in the Americas and APAC regions, while EMEA saw a slight decline. The Hollister brand experienced a remarkable 19% increase in net sales, contrasting with a 5% decline in the Abercrombie brand.
Key financial highlights include an operating margin of 17.1% and earnings per share of $2.91, which benefited from a litigation settlement. Excluding this impact, the adjusted operating margin was 13.9%, and adjusted earnings per share were $2.32, both exceeding the company’s outlook. The company also returned $50 million to shareholders through share repurchases.
Looking ahead, Abercrombie & Fitch Co. has increased its full-year net sales outlook, reflecting confidence in its growth trajectory and strategic positioning. The company remains focused on capitalizing on long-term opportunities for its global brands while continuing to deliver value to its customers and shareholders.