$ANF (+0,8%) | Abercrombie & Fitch Q3 Earnings Highlights:

🔹 EPS: $2.50 (Est. $2.39) 🟢; UP +36.6% YoY

🔹 Revenue: $1.21B (Est. $1.19B) 🟢; UP +14% YoY

🔹 Comparable Sales: UP +16%

🔹 Gross Margin: 65.1% (Est. 64.6%) 🟢; UP +20 bps YoY

FY24 Guidance:

🔹 Net Sales Growth: 14%-15% (Prev. 12%-13%) 🟢

🔹 Operating Margin: Around 15% (Prev. 14%-15%) 🟡

🔹 Effective Tax Rate: Mid-20s (UNCHANGED) 🟡

🔹 Capital Expenditures: ~$170M (UNCHANGED) 🟡

Q3 Segment Highlights:

🔹 Americas Revenue: $986.4M; UP +14% YoY

🔹 EMEA Revenue: $181.6M; UP +15% YoY

🔹 APAC Revenue: $40.9M; UP +32% YoY

🔹 Abercrombie Brand Revenue: $629.8M (Est. $631.5M) 🟡; UP +15% YoY

🔹 Hollister Brand Revenue: $579.1M (Est. $557.0M) 🟢; UP +14% YoY

Q3 Metrics:

🔹 Operating Margin: 14.8% (Est. 14.0%) 🟢; UP +170 bps YoY

🔹 Operating Income: $179M; UP +30% YoY

CEO Fran Horowitz's Commentary:

🔸 "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."