Abercrombie & Fitch Fiscal Q4 Adjusted Earnings, Net Sales Increase; Fiscal Q1, 2025 Outlooks Set

MT Newswires Live
03-05

Abercrombie & Fitch (ANF) reported fiscal Q4 adjusted earnings Wednesday of $3.57 per diluted share, up from $2.97 a year earlier.

Analysts polled by FactSet expected $3.54.

Net sales for the quarter ended Feb. 1 were $1.58 billion, compared with $1.45 billion a year earlier.

Analysts polled by FactSet expected $1.57 billion.

The company said it expects fiscal Q1 EPS of $1.25 to $1.45. Analysts polled by FactSet expect $1.96. The company projects net sales growth of 4% to 6% for the quarter.

For fiscal 2025, Abercrombie said it expects EPS of $10.40 to $11.40. Analysts polled by FactSet expect $11.28. The company estimates full-year net sales growth of 3% to 5%.

The company said its board approved a new $1.3 billion stock repurchase program, replacing its previous buyback program that was approved in 2021.

Shares of Abercrombie were down 4.8% in recent premarket activity.

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