Abercrombie & Fitch Third Quarter 2024 Earnings: Beats Expectations

Abercrombie & Fitch (NYSE:ANF) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$1.06b (up 20% from 3Q 2023).
• Net income: US$96.2m (up from US$2.21m loss in 3Q 2023).
• Profit margin: 9.1% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue.
• EPS: US$1.91 (up from US$0.045 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Abercrombie & Fitch Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 7.7%. Earnings per share (EPS) also surpassed analyst estimates by 65%.

Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Specialty Retail industry in the US.

Performance of the American Specialty Retail industry.

The company's shares are down 1.0% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Abercrombie & Fitch that we have uncovered.

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