Abercrombie & Fitch (ANF - Free Report) reported $1.45 billion in revenue for the quarter ended January 2024, representing a year-over-year increase of 21.1%. EPS of $2.97 for the same period compares to $0.81 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.42 billion, representing a surprise of +2.08%. The company delivered an EPS surprise of +5.69%, with the consensus EPS estimate being $2.81.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Abercrombie performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Number of stores - Total (EOP): 765 versus the four-analyst average estimate of 766.
- Comparable store sales - Hollister - YoY change: 6% versus 8.5% estimated by four analysts on average.
- Comparable store sales - Abercrombie - YoY change: 28% compared to the 25.2% average estimate based on four analysts.
- Comparable store sales - Total - YoY change: 16% versus 17.4% estimated by four analysts on average.
- Net sales- Hollister: $697.70 million versus $718.64 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +9.1% change.
- Net sales- Abercrombie: $755.20 million compared to the $703.79 million average estimate based on four analysts.
View all Key Company Metrics for Abercrombie here>>>Shares of Abercrombie have returned +34.5% over the past month versus the Zacks S&P 500 composite's +2.9% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 228 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
Abercrombie & Fitch (ANF - Free Report) reported $1.45 billion in revenue for the quarter ended January 2024, representing a year-over-year increase of 21.1%. EPS of $2.97 for the same period compares to $0.81 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.42 billion, representing a surprise of +2.08%. The company delivered an EPS surprise of +5.69%, with the consensus EPS estimate being $2.81.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Abercrombie performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Number of stores - Total (EOP): 765 versus the four-analyst average estimate of 766.
- Comparable store sales - Hollister - YoY change: 6% versus 8.5% estimated by four analysts on average.
- Comparable store sales - Abercrombie - YoY change: 28% compared to the 25.2% average estimate based on four analysts.
- Comparable store sales - Total - YoY change: 16% versus 17.4% estimated by four analysts on average.
- Net sales- Hollister: $697.70 million versus $718.64 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +9.1% change.
- Net sales- Abercrombie: $755.20 million compared to the $703.79 million average estimate based on four analysts.
View all Key Company Metrics for Abercrombie here>>>Shares of Abercrombie have returned +34.5% over the past month versus the Zacks S&P 500 composite's +2.9% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 228 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
Get the latest research report on ANF - FREE