Abercrombie & Fitch (NYSE: ANF) reported Q4 EPS of $2.97, $0.14 better than the analyst estimate of $2.83. Revenue for the quarter came in at $1.5 billion versus the consensus estimate of $1.43 billion.

For fiscal 2024, the company expects:

• Net sales growth in the range of 4% to 6% from $4.3 billion in fiscal 2023, which includes the adverse impact of approximately $50 million from the 53rd reporting week in fiscal 2023. We expect Abercrombie brands will continue to outperform Hollister brands and the Americas will continue to lead the regional performance. We also expect the year-over-year growth rate to be higher in the first half of the year, partially due to the calendar shifts from the 53rd week in 2023.
• Operating margin to be around 12%, compared to an adjusted operating margin of 11.4% in fiscal 2023. We expect the year-over-year improvement to be driven by a higher gross profit rate.
• Effective tax rate to be in the mid-to-high 20s with the rate being sensitive to the jurisdictional mix and level of income.
• Capital expenditures of approximately $170 million.

For earnings history and earnings-related data on Abercrombie & Fitch (ANF) click here.