$ANF (+0,19聽%) | Abercrombie & Fitch Q3 Earnings Highlights:
馃敼 EPS: $2.50 (Est. $2.39) 馃煝; UP +36.6% YoY
馃敼 Revenue: $1.21B (Est. $1.19B) 馃煝; UP +14% YoY
馃敼 Comparable Sales: UP +16%
馃敼 Gross Margin: 65.1% (Est. 64.6%) 馃煝; UP +20 bps YoY
FY24 Guidance:
馃敼 Net Sales Growth: 14%-15% (Prev. 12%-13%) 馃煝
馃敼 Operating Margin: Around 15% (Prev. 14%-15%) 馃煛
馃敼 Effective Tax Rate: Mid-20s (UNCHANGED) 馃煛
馃敼 Capital Expenditures: ~$170M (UNCHANGED) 馃煛
Q3 Segment Highlights:
馃敼 Americas Revenue: $986.4M; UP +14% YoY
馃敼 EMEA Revenue: $181.6M; UP +15% YoY
馃敼 APAC Revenue: $40.9M; UP +32% YoY
馃敼 Abercrombie Brand Revenue: $629.8M (Est. $631.5M) 馃煛; UP +15% YoY
馃敼 Hollister Brand Revenue: $579.1M (Est. $557.0M) 馃煝; UP +14% YoY
Q3 Metrics:
馃敼 Operating Margin: 14.8% (Est. 14.0%) 馃煝; UP +170 bps YoY
馃敼 Operating Income: $179M; UP +30% YoY
CEO Fran Horowitz's Commentary:
馃敻 "This is the sixth consecutive quarter of double-digit sales growth. Strong execution across regions and brands positions us well for the holiday season and beyond. Abercrombie and Hollister continue to deliver growth-on-growth as customers respond to our product and marketing."