Abercrombie & Fitch Company is a global retailer known for its casualwear and accessories aimed at young consumers. The company operates a portfolio of recognized brands, including Abercrombie & Fitch, Hollister, and Gilly Hicks, which offer a range of products from apparel to fragrances. With a focus on promoting a lifestyle of confidence and individuality, Abercrombie & Fitch designs its collections to appeal to the fashion-forward youth market. The brand emphasizes a distinctive in-store experience and engages with its customers through captivating marketing strategies, reflecting a commitment to authenticity and quality in its merchandise.
Shares of young adult apparel retailer Abercrombie & Fitch (NYSE:ANF) jumped 9.4% in the afternoon session after data from Adobe Analytics, which tracks retail transactions, revealed that shoppers spent a record $10.8 billion online on Black Friday (2024), representing more than a 10% growth compared to the previous year, and more than double what consumers spent in 2017.
Young adult apparel retailer Abercrombie & Fitch (NYSE:ANF) reported Q3 CY2024 results topping the market’s revenue expectations, with sales up 14.4% year on year to $1.21 billion. Its non-GAAP profit of $2.50 per share was 6.4% above analysts’ consensus estimates.
You can tell you’re in a for-real bull market when there is virtually no economic data released during a trading session and markets gain a percentage point anyway.
As part of company’s disciplined approach to succession planning, tenured company finance leader of 20+ years promoted to CFO; Scott Lipesky to continue as Chief Operating Officer
NEW ALBANY, Ohio, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Abercrombie & Fitch Co. (NYSE: ANF) today announced results for the third quarter ended November 2, 2024. These compare to results for the third quarter ended October 28, 2023. Descriptions of the use of non-GAAP financial measures and reconciliations of GAAP and non-GAAP financial measures accompany this release.
Yesterday’s market recap: $RCAT soared on major catalysts, $SMCI broke out with huge gains, and $PTON hit key technical levels. Learn how our 4-pillar strategy identified these winners.
