$ANF (+1.06%) | Abercrombie & Fitch Q2 Earnings Highlights:

🔹 EPS: $2.50 (Est. $2.19) 🟢

🔹 Revenue: $1.13B (Est. $1.1B) 🟢; Up +21% YoY

🔹 Comparable Sales: Up +18% YoY

🔹 Gross Profit Rate: 64.9%, Up 240 basis points YoY

Raised FY Guidance:

🔹 FY Net Sales Growth: 12% to 13% (Prev. 10%)

🔹 Operating Margin: 14% to 15% (Prev. around 14%)

🔹 Capital Expenditures: Approximately $170M

🔸 Q3 Net Sales Growth: Expected to be up low double-digits YoY

Segment and Brand Performance:

🔹 Americas: $901.2M, Up +23% YoY

🔹 EMEA: $199.7M, Up +16% YoY

🔹 APAC: $33.1M, Up +3% YoY

🔸 Abercrombie Brands: $582.4M, Up +26% YoY

🔸 Hollister Brands: $551.6M, Up +17% YoY

Financial Position:

🔹 Operating Income: $176M (vs. $90M YoY) 

🔹 Operating Margin: 15.5%, Up 590 basis points YoY

🔹 Cash and Equivalents: $738M

🔹 Inventories: $540M

🔹 No Long-term Debt: All Senior Secured Notes redeemed

CEO Commentary:

🔸 Fran Horowitz, CEO: "Our strong Q2 results reflect effective execution and robust growth across regions and brands. We are confident in our strategy to achieve sustainable, profitable growth while navigating an uncertain environment."