seggio1 @seggio1: "✅𝙀𝙖𝙧𝙣𝙞𝙣𝙜𝙨 𝙘𝙖𝙡𝙡: 𝘼𝙗𝙚𝙧𝙘𝙧𝙤𝙢𝙗𝙞𝙚 & 𝙁𝙞𝙩𝙘𝙝..."

Italy

✅𝙀𝙖𝙧𝙣𝙞𝙣𝙜𝙨 𝙘𝙖𝙡𝙡: 𝘼𝙗𝙚𝙧𝙘𝙧𝙤𝙢𝙗𝙞𝙚 & 𝙁𝙞𝙩𝙘𝙝 𝙥𝙤𝙨𝙩𝙨 𝙧𝙚𝙘𝙤𝙧𝙙 𝙌𝟮 𝙨𝙖𝙡𝙚𝙨, 𝙧𝙖𝙞𝙨𝙚𝙨 𝙤𝙪𝙩𝙡𝙤𝙤𝙠 +𝟮.𝟰% 𝙖𝙩 𝙩𝙞𝙢𝙚 𝙤𝙛 𝙬𝙧𝙞𝙩𝙞𝙣𝙜 ----------------------- 📢𝘼𝙡𝙡 𝙢𝙮 𝙨𝙩𝙖𝙩,𝙤𝙫𝙚𝙧 +𝟭𝟬𝟬% 𝙨𝙞𝙣𝙘𝙚 𝙄 𝙨𝙩𝙖𝙧𝙩𝙚𝙙 𝙤𝙣 𝙀𝙩𝙤𝙧𝙤 bullaware.com/etoro/seggio1 📌 𝙏𝙧𝙖𝙙𝙞𝙣𝙜 𝙨𝙞𝙣𝙘𝙚 𝟮𝟬𝟬𝟲 🔍𝘼𝙡𝙬𝙖𝙮𝙨 𝙢𝙤𝙧𝙚 𝙩𝙝𝙖𝙣 𝟰𝟬 𝙨𝙝𝙖𝙧𝙚𝙨 𝙞𝙣 𝙥𝙤𝙧𝙩 𝙛𝙤𝙡𝙞𝙤 ✅ Abercrombie & Fitch Co. (NYSE: ANF) has announced a robust performance for its second quarter of 2024, with record net sales and operating profit. The company's net sales surged by 21% to $1.1 billion, and it reported an operating margin of 15.5%. Abercrombie & Fitch raised its full-year sales and profitability forecasts, reflecting confidence in its ongoing business strategy. Key Takeaways Abercrombie & Fitch's net sales increased by 21% to $1.1 billion. Operating margin reached 15.5%, with operating income of $176 million. Gross profit rate grew to 64.9% due to lower cotton costs and reduced promotions. Operating expenses rose to $561 million, with investments in marketing and technology. Net income per diluted share was $2.50, a significant increase from $1.10 last year. The company ended the quarter with $738 million in cash and liquidity of approximately $1.2 billion. Full-year net sales growth is expected to be 12% to 13%, with an operating margin of 14% to 15%. Company Outlook Abercrombie & Fitch is optimistic about its performance and plans to continue investing in brand and infrastructure. The company forecasts net sales growth for the full year to be in the range of 12% to 13%. Operating margin for the full year is projected to be between 14% and 15%. Abercrombie & Fitch plans to open 60 new stores, remodel or right-size 60 stores, and close 40 stores. Bearish Highlights Freight costs have become a significant headwind, affecting gross margins. Inventory levels are up by 9% due to higher costs and changes in product mix. The company is baking in elevated freight costs for the third and fourth quarters. 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads. Bullish Highlights The Americas region led with a 23% net sales growth. Abercrombie brands grew by 26%, and Hollister brands by 17%. The company experienced balanced growth across brands, genders, regions, and categories. The digital channel continues to see double-digit growth and is expected to maintain this trend. Misses Despite the overall positive results, the company did not provide specific details on the contribution of loyalty program sales. No information was provided for the fourth quarter's expectations. Q&A Highlights The company is managing inventory closely and expects it to be well-controlled for the holiday season. Abercrombie & Fitch is aging up its Abercrombie brand, targeting mid-20s customers, with positive results in customer retention and new customer acquisition. The UK and Germany markets have seen increased marketing spend and product offerings. Abercrombie & Fitch Co. concluded the second quarter with a strong financial standing and a strategic focus on growth and customer retention. The company's expansion plans and adjustments to its brand demographics indicate a forward-looking approach to market demands. As Abercrombie & Fitch heads into the second half of 2024, it remains committed to its growth trajectory while navigating the challenges of increased freight costs and inventory management. www.investing.com/news/stock-market-news/earnings-call-abercrombie--fitch-posts-record-q2-sales-raises-outlook-93CH-3592598 $ANF (Abercrombie & Fitch Company) $NSDQ100 $SPX500 $DJ30 $OIL

5 Mentioned

ANF

Abercrombie & Fitch Company

NSDQ100

SPX500

DJ30

OIL