Why? Any1 has any inputs?
Abercrombie & Fitch Stock Is Slipping After Strong Earnings -- Barrons.com
Abercrombie & Fitch reported a strong fourth quarter as growth in its name-brand store led the pack. Shares are lower after a huge run-up in recent months.Abercrombie posted fourth-quarter earnings per share of $2.97 on revenue of $1.45 billion. Analysts surveyed by FactSet had expected earnings per share of $2.83 on revenue of $1.43 billion. A year ago the apparel retailer reported earnings per share of 81 cents on revenue of $1.2 billion.Same-store sales for the quarter rose 16%, in line with expectations.For the full year, Abercrombie expects to post net sales growth between 4% to 6% from the $4.3 billion reported in fiscal 2023. That tops the $4.43 billion consensus estimate.Abercrombie stock was down 0.5% in premarket trading Wednesday, while the S&P 500 futures were up 0.5%. Coming into the session, the stock has soared 406% over the last 12 months."Abercrombie brands grew net sales 35%, continuing an impressive multi-quarter growth trend, while Hollister brands grew 9%, deliveri
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Like
Report
Login to post
No comments yet