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Feb 01, 2025
Abercrombie & Fitch Q4 2024 Earnings Report
Abercrombie & Fitch reported strong Q4 2024 results with 9% revenue growth and a significant rise in operating income.
Key Takeaways
Abercrombie & Fitch reported Q4 2024 revenue of $1.58 billion, up 9% from the previous year, with comparable sales increasing 14%. Operating income rose to $256 million, and net income per diluted share was $3.57. The company maintained strong performance across brands and geographies, positioning itself well for 2025.
Q4 2024 revenue increased 9% to $1.58 billion, with comparable sales up 14%.
Operating income rose to $256 million, improving the operating margin to 16.2%.
Net income per diluted share was $3.57, up from $2.97 in Q4 2023.
Hollister led brand growth with a 16% increase in revenue and 24% rise in comparable sales.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Abercrombie & Fitch expects continued sales growth in 2025, with net sales projected to increase by 3%-5% and operating margin expected to remain in the 14%-15% range.
Positive Outlook
- Net sales projected to grow 3%-5% in fiscal 2025.
- Operating margin expected to remain strong at 14%-15%.
- Continued expansion with approximately 60 new store openings planned.
- Ongoing share repurchase program with $1.3 billion authorization.
- Strong liquidity position with over $1.2 billion in available liquidity.
Challenges Ahead
- APAC region saw a 4% decline in sales for Q4 2024.
- Inventory levels increased 22% year-over-year.
- Foreign exchange volatility may impact profitability.
- Higher expected capital expenditures of approximately $200 million in 2025.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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