Pivotal Point Tracking Abercrombie & Fitch (ANF): 14% Revenue Increase and Raised Margin Targets – Wedding Shop Attracts Affluent Target Audience!
Reading Time: 1 minute
Abercrombie & Fitch has successfully transformed from a logo outfitter to a lifestyle brand for young adults. On November 25, the company reported strong quarterly numbers. Net sales in Q3 rose by 14% to $1.21 billion. Particularly, the main brand Abercrombie shone with an increase of 17%. Thanks to robust demand ahead of the holiday season, management raised the operating margin expectation to 15 to 16%. The stock reacted with a price jump, as both the profit and the outlook significantly exceeded analysts' estimates. The fashion company is...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
