Always Forward Plan News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Shares of young adult apparel retailer Abercrombie & Fitch (NYSE:ANF) jumped 27% in the afternoon session after the company reported a "beat and raise" quarter. First quarter results blew past analysts' revenue and EPS expectations, driven by its insanely high 21% year-on-year same-store sales growth (vs analysts' estimates of 12%). The sales performance was broad-based with Abercrombie brands up 31% while Hollister brands delivered growth of 12%. On the back of the strong print, the company rai

April 29, 2024 TO OUR FELLOW STOCKHOLDERS: We invite you to join us for the 2024 Annual Meeting of Stockholders of...

US apparel brand Abercrombie & Fitch has delivered a 16% jump in FY net sales to $4.28bn while Q4 operating profit increased 7.3% to $222.8m.

Abercrombie kept up the pace into the holiday season as it raised its net sales and operating margin outlook, as American Eagle and Lululemon also posted upbeat results.

Both retailers boosted their fourth-quarter outlooks ahead of the ICR Conference, which kicked off Monday in Orlando.