Earnings

Abercrombie & Fitch (ANF) earnings Q4 2023

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Abercrombie & Fitch said Wednesday that its holiday-quarter sales jumped 21% and its profit grew thanks to higher prices and lower raw material costs.

The apparel retailer expects its growth story will continue as it issued better-than-expected sales guidance.

Here’s how Abercrombie did in its fiscal fourth quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG, formerly known as Refinitiv:

  • Earnings per share: $2.97 vs. $2.83 expected
  • Revenue: $1.45 billion vs. $1.43 billion expected

The company’s reported net income for the three-month period that ended Feb. 3 was $158.4 million, or $2.97 per share, compared with $38.33 million, or 75 cents per share,…



Source cnbc.com

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