Abercrombie & Fitch (ANF) tops Q1 expectations, raises full-year guidance
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Abercrombie & Fitch Co. Reports First Quarter Results
May 24, 2023 7:30 AM EDTCompany delivered decade-high first quarter net sales led by 14% growth from Abercrombie brandsGross profit rate up 570 basis points over Q1 2022, driving operating margin above expectationsInventory levels down 20% year-over-year from supply chain recovery and return of chase capabilityCompany increases full year outlook ranges on sales and operating... More
Abercrombie & Fitch Co. Reports First Quarter Results
May 24, 2023 7:30 AM EDTCompany delivered decade-high first quarter net sales led by 14% growth from Abercrombie brands
Gross profit rate up 570 basis points over Q1 2022, driving operating margin above expectationsInventory levels down 20% year-over-year from supply chain recovery and return of chase capabilityCompany increases full year outlook ranges on sales and... More
