Abercrombie & Fitch Co. Increases Fourth Quarter and Full Year Net Sales Outlook on Better-Than-Expected Holiday Sales
Abercrombie & Fitch Co. (NYSE: ANF) has increased its fourth quarter net sales growth outlook to a range of 7-8%, up from the previous range of 5-7%. The company also raised its full year net sales growth outlook to around 15% from the previous range of 14-15%. The operating margin outlook for both the fourth quarter and full year remains at around 16% and 15%, respectively.
CEO Fran Horowitz attributed the improved outlook to record quarter-to-date net sales and strong performance across regions and brands during the holiday selling period. The company expects to exceed its Always Forward Plan 2025 financial targets, leveraging a strong global foundation for sustainable, profitable growth.
The foundation for growth includes:
- Healthy, customer-driven brands with large addressable markets
- Regionally relevant brand playbooks
- Significant global growth opportunities
- A strong omnichannel base
- An agile inventory model
- A durable balance sheet
- A strong culture driven by a customer-obsessed team
The company will participate in the 2025 ICR Conference on January 13-14, 2025, with a fireside chat scheduled for January 13th at 10:00 AM EST.
Abercrombie & Fitch Co. (NYSE: ANF) ha aumentato le sue previsioni di crescita delle vendite nette del quarto trimestre a un intervallo del 7-8%, in aumento rispetto all'intervallo precedente di 5-7%. L'azienda ha anche innalzato le sue previsioni di crescita delle vendite nette per l'intero anno a circa 15% rispetto all'intervallo precedente di 14-15%. Le previsioni per il margine operativo sia del quarto trimestre che dell'intero anno rimangono rispettivamente attorno al 16% e al 15%.
Il CEO Fran Horowitz ha attribuito il miglioramento delle previsioni ai vendite nette record dall'inizio del trimestre e a una forte performance in tutte le regioni e i marchi durante il periodo di vendite natalizie. L'azienda si aspetta di superare i suoi obiettivi finanziari del piano Sempre Avanti 2025, sfruttando una solida base globale per una crescita sostenibile e redditizia.
Le basi per la crescita includono:
- Marchi sani e guidati dai clienti con ampi mercati indirizzabili
- Playbook di marca regionalmente rilevanti
- Significative opportunità di crescita globale
- Una solida base omnichannel
- Un modello di inventario agile
- Un bilancio duraturo
- Una forte cultura guidata da un team ossessionato dal cliente
L'azienda parteciperà alla ICR Conference 2025 dal 13 al 14 gennaio 2025, con un colloquio previsto per il 13 gennaio alle 10:00 EST.
Abercrombie & Fitch Co. (NYSE: ANF) ha incrementado su perspectiva de crecimiento de ventas netas para el cuarto trimestre a un rango del 7-8%, por encima del rango anterior del 5-7%. La compañía también ha elevado su perspectiva de crecimiento de ventas netas para todo el año a alrededor del 15% desde el rango anterior del 14-15%. La perspectiva del margen operativo tanto para el cuarto trimestre como para el año completo se mantiene en torno al 16% y 15%, respectivamente.
El CEO Fran Horowitz atribuyó la mejora en la perspectiva a las ventas netas récord hasta la fecha y al fuerte desempeño en todas las regiones y marcas durante el período de ventas navideñas. La empresa espera superar sus objetivos financieros del Plan Siempre Adelante 2025, aprovechando una sólida base global para un crecimiento sostenible y rentable.
Las bases para el crecimiento incluyen:
- Marcas saludables, impulsadas por los clientes, con grandes mercados direccionables
- Libros de jugadas de marca relevantes a nivel regional
- Oportunidades significativas de crecimiento global
- Una sólida base omnicanal
- Un modelo de inventario ágil
- Un balance sólido
- Una cultura fuerte impulsada por un equipo obsesionado con el cliente
La compañía participará en la Conferencia ICR 2025 el 13 y 14 de enero de 2025, con un chat programado para el 13 de enero a las 10:00 AM EST.
애버크롬비 앤 피치 컴퍼니 (NYSE: ANF)는 4분기 순매출 성장 전망을 7-8% 범위로 상향 조정하였으며, 이전의 5-7% 범위에서 증가하였습니다. 회사는 전체 연도 순매출 성장 전망을 14-15%의 이전 범위에서 약 15%로 올렸습니다. 4분기 및 전체 연도의 운영 마진 전망은 각각 약 16% 및 15%로 유지됩니다.
CEO 프랜 호로위츠는 향상된 전망을 기록적인 분기별 순매출과 연말 판매 기간 동안의 지역 및 브랜드 전체에서의 강력한 성과에 귀속시켰습니다. 회사는 항상 앞으로 나아가기 계획 2025의 재무 목표를 초과 달성할 것으로 기대하고 있으며, 지속적이고 수익성 있는 성장을 위한 강력한 글로벌 기반을 활용할 것입니다.
성장의 기초에는 다음이 포함됩니다:
- 광범위한 시장을 갖춘 건강하고 고객 중심의 브랜드
- 지역별 관련 브랜드 플레이북
- 상당한 글로벌 성장 기회
- 강력한 옴니채널 기반
- 민첩한 재고 모델
- 지속 가능한 재무 상태
- 고객에 집착하는 팀이 이끄는 강력한 문화
회사는 2025년 1월 13-14일에 열리는 2025 ICR 컨퍼런스에 참가하며, 1월 13일 오전 10시에 화상 대화가 예정되어 있습니다.
Abercrombie & Fitch Co. (NYSE: ANF) a augmenté ses prévisions de croissance des ventes nettes pour le quatrième trimestre à une fourchette de 7-8%, contre une fourchette précédente de 5-7%. L'entreprise a également relevé ses prévisions de croissance des ventes nettes pour l'année complète à environ 15%, contre une fourchette précédente de 14-15%. La perspective de la marge opérationnelle pour le quatrième trimestre et l'année entière demeure d'environ 16% et 15%, respectivement.
Le PDG Fran Horowitz a attribué cette amélioration des prévisions à des ventes nettes record depuis le début du trimestre et à des performances solides à travers les régions et les marques pendant la période de vente des fêtes. L'entreprise s'attend à dépasser ses objectifs financiers du Plan Toujours en Avant 2025, en s'appuyant sur une solide base mondiale pour une croissance durable et rentable.
Les bases de cette croissance incluent :
- Des marques saines, orientées vers le client, avec de grands marchés adressables
- Des manuels de marque pertinents par région
- Des opportunités de croissance mondiale significatives
- Une base omnicanal solide
- Un modèle d'inventaire agile
- Un bilan robuste
- Une culture forte dirigée par une équipe obsédée par le client
L'entreprise participera à la Conférence ICR 2025 les 13 et 14 janvier 2025, avec une discussion prévue le 13 janvier à 10h00 EST.
Abercrombie & Fitch Co. (NYSE: ANF) hat seine Prognose für das Wachstum des Nettoumsatzes im vierten Quartal auf einen Bereich von 7-8% angehoben, gegenüber dem vorherigen Bereich von 5-7%. Das Unternehmen hat auch seine Prognose für das Wachstum des Nettoumsatzes im Gesamtjahr auf etwa 15% erhöht, im Gegensatz zum vorherigen Bereich von 14-15%. Die Prognose für die Betriebsmarge bleibt für das vierte Quartal und das Gesamtjahr bei etwa 16% bzw. 15%.
CEO Fran Horowitz führte die verbesserte Prognose auf rekordverdächtige Nettoumsätze von Quartal zu Quartal und starke Leistungen in verschiedenen Regionen und Marken während der Verkaufszeit zu Weihnachten zurück. Das Unternehmen erwartet, die finanziellen Ziele des Always Forward Plans 2025 zu übertreffen und dabei eine starke globale Basis für nachhaltiges, profitables Wachstum zu nutzen.
Die Grundlagen für das Wachstum umfassen:
- Gesunde, kundenorientierte Marken mit großen adressierbaren Märkten
- Regional relevante Markenhandbücher
- Signifikante globale Wachstumsmöglichkeiten
- Eine starke Omnichannel-Basis
- Ein agiles Lagerhaltungssystem
- Eine nachhaltige Bilanz
- Eine starke Kultur, die von einem kundenorientierten Team getragen wird
Das Unternehmen wird an der 2025 ICR Conference am 13. und 14. Januar 2025 teilnehmen, mit einem Fireside Chat, der für den 13. Januar um 10:00 Uhr EST angesetzt ist.
- Increased fourth quarter net sales growth outlook to 7-8%.
- Raised full year net sales growth outlook to around 15%.
- Record quarter-to-date net sales through fiscal December.
- Strong performance across regions and brands during the holiday selling period.
- None.
Insights
The updated guidance from Abercrombie & Fitch demonstrates exceptional operational momentum. The increase in Q4 net sales growth outlook to 7-8% from 5-7% and full-year projection to 15% from 14-15%, while maintaining operating margin targets of 16% for Q4 and 15% for the full year, signals robust execution during the critical holiday season.
Breaking this down for retail investors: The company's ability to maintain high operating margins while growing sales indicates strong pricing power and inventory management. The 15% operating margin is particularly impressive in the retail sector, where margins typically range from 8-12%. This suggests ANF has successfully positioned itself in the premium segment while effectively managing costs.
The sustained growth across regions and brands, coupled with healthy margins, positions ANF to significantly outperform its Always Forward Plan 2025 targets. The company's strong balance sheet and free cash flow profile provide flexibility for future growth investments or shareholder returns.
The holiday performance exceeding expectations is particularly noteworthy given the current retail landscape. The success across all regions indicates ANF's brand resonance isn't to specific markets, suggesting a scalable global growth model. Their "Read & React" inventory model has proven important in maintaining profitability while meeting customer demand.
Looking at competitive positioning: ANF's transformation from a mall-based retailer to an omnichannel powerhouse with a "clean and highly profitable expanding store fleet" demonstrates successful adaptation to evolving retail trends. The emphasis on regional relevance in brand playbooks shows sophisticated market understanding, critical for sustainable global expansion.
The combination of owned operations and strategic partnerships (franchise, wholesale, licensing) creates multiple growth vectors while managing risk. This hybrid approach allows for market-specific optimization and capital-efficient expansion.
The holiday performance validates ANF's strategic repositioning over recent years. The company has successfully evolved from its historical teen-focused mall brand into a more sophisticated, multi-demographic retailer with strong digital capabilities. The record quarter-to-date sales through fiscal December, despite a challenging retail environment, underscores the effectiveness of their merchandising and marketing strategies.
Key operational metrics to highlight: The consistent performance across regions suggests strong inventory management and supply chain execution. Maintaining a 16% Q4 operating margin target while growing sales indicates disciplined promotional activity during the highly competitive holiday season. This is particularly impressive given the industry's tendency to sacrifice margins for holiday volume.
The outlook for sustainable profitable growth in 2025 is credible given their demonstrated execution capability and clear strategic roadmap focusing on customer retention and global expansion.
- Company increases fourth quarter net sales growth outlook to a range of 7
-8% from prior range of 5-7% - Increases full year net sales growth outlook to around
15% from previous range of 14-15% - Affirms prior fourth quarter operating margin outlook of around
16% and full year outlook of around15%
NEW ALBANY, Ohio, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Abercrombie & Fitch Co. (NYSE: ANF) today provided a business update, increasing its net sales outlook for fourth quarter and full year of fiscal 2024.
Fran Horowitz, Chief Executive Officer, said: “Through fiscal December, we delivered record quarter-to-date net sales, exceeding the expectations we provided in November. Total net sales growth was supported by comparable sales across regions and brands through the holiday selling period. As they have throughout 2024, our team remained on offense, and customers responded positively to our compelling product assortments and engaging marketing.
As we approach the end of our fiscal year, we proudly reflect on 2024 as another year where we delivered on our promises to customers, shareholders, and one another as a team. We expect to complete the year with net sales growth around
With the updated 2024 outlook, the company foresees significant outperformance of the Always Forward Plan 2025 financial targets provided in June of 2022. The company has built a strong, global foundation, and it expects to deliver sustainable, profitable growth off of the 2024 levels. The foundation for growth includes:
- Healthy, customer-driven brands with distinct and large addressable markets;
- Successful, regionally relevant brand playbooks, designed to attract, engage, retain, and scale long-term customer relationships;
- Significant global growth opportunity leveraging leading capabilities in owned and operated channels, while pursuing new markets via franchise, wholesale and licensing partnerships;
- Strong omnichannel base, with a clean and highly profitable expanding store fleet, enhanced by a leading digital platform;
- An agile “Read & React” inventory model to support customer demand and sustainable margins;
- A durable balance sheet and consistent free cash flow profile, underpinned by a disciplined investment philosophy to maximize long-term value;
- And, a strong culture driven by a winning, customer-obsessed team.
Horowitz added, “Following an expected two years of double-digit top and bottom-line growth, I am as confident as ever in the power of our brands and operating model as we move forward, supported by the outstanding capabilities we've built. In 2025, we will look to continue sustainable, profitable growth through the execution of our playbooks to win and retain customers around the world. Our goal is to leverage our healthy margin structure and balance sheet to grow operating income dollars and earnings per share at rates faster than sales to drive long-term shareholder value.”
| Fourth Quarter of Fiscal 2024 Outlook: | ||
| Current Fourth Quarter Outlook | Previous Fourth Quarter Outlook (1) | |
| Net sales | In the range of | In the range of |
| Operating margin | Around | Around |
| Effective tax rate | High-20s | High-20s |
| Full Year Fiscal 2024 Outlook: | ||
| Current Full Year Outlook | Previous Full Year Outlook (1) | |
| Net sales | Around | In the range of |
| Operating margin | Around | Around |
| Effective tax rate | Mid-20s | Mid-20s |
(1) Released November 26, 2024
(2) Excludes the 550 basis point impact of the 53rd week, along with approximately 50 basis point impact of foreign currency
(3) Excludes the 550 basis point impact of the 53rd week, along with approximately 100 basis point impact of foreign currency
(4) Excludes the 120 basis point impact of the 53rd week
2025 ICR Conference:
The company will be participating in meetings with investors and analysts at the 2025 ICR Conference to be held on January 13-14, 2025. Chief Executive Officer Fran Horowitz, Chief Operating Officer Scott Lipesky, and Chief Financial Officer Robert Ball are scheduled to participate in a fireside chat at the conference on Monday, January 13th at 10:00 AM EST. The audio portion of the fireside chat will be webcast live over the internet and can be accessed at https://wsw.com/webcast/icr10/anf/1500267 or on the Investors section of the company’s website at http://corporate.abercrombie.com. A replay will be available on the company’s website for a period of 90 days following the conclusion of the presentation.
Important information may be disseminated initially or exclusively via the company’s website: investors should consult the site to access this information.
| Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 |
This Press Release and related statements by management or spokespeople of Abercrombie & Fitch Co. (A&F) contain forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). These statements, including, without limitation, statements regarding our fourth quarter and annual fiscal 2024 results, relate to our current assumptions, projections and expectations about our business and future events. Any such forward-looking statements involve risks and uncertainties and are subject to change based on various important factors, many of which may be beyond the company’s control. The inclusion of such information should not be regarded as a representation by the company, or any other person, that the objectives of the company will be achieved. Words such as “estimate,” “project,” “plan,” “goal,” “believe,” “expect,” “anticipate,” “intend,” “should,” “are confident,” “will,” “could,” “outlook,” and similar expressions may identify forward-looking statements. Except as may be required by applicable law, we assume no obligation to publicly update or revise any forward-looking statements, including any financial targets or estimates, whether as a result of new information, future events, or otherwise. Factors that may cause results to differ from those expressed in our forward-looking statements include, but are not limited to, the factors disclosed in Part I, Item 1A. “Risk Factors” of the company’s Annual Report on Form 10-K for the fiscal year ended February 3, 2024, and in our subsequent reports and filings with the Securities and Exchange Commission, as well as the following factors: risks related to changes in global economic and financial conditions, including inflation, and the resulting impact on consumer spending generally and on our operating results, financial condition, and expense management, and our ability to adequately mitigate the impact; risks related to the geopolitical landscape and conflicts, such as the attacks on marine vessels in the Red Sea, and the potential escalation of such conflicts and the impact of such conflicts on international trade, supplier delivery or increased freight costs, acts of terrorism, mass casualty events, social unrest, civil disturbance or disobedience; risks related to natural disasters and other unforeseen catastrophic events; risks related to natural disasters and other unforeseen catastrophic events; risks related to our failure to engage our customers, anticipate customer demand, expectations, and changing fashion trends, and manage our inventory and product delivery; risks related to our failure to operate effectively in a highly competitive and constantly evolving industry; risks related to our ability to execute on, and maintain the success of, our strategic and growth initiatives, including those outlined in our Always Forward Plan; risks related to fluctuations in foreign currency exchange rates; risks related to fluctuations in our tax obligations and effective tax rate, including as a result of earnings and losses generated from our global operations, may result in volatility in our results of operations; risks related to global operations, including changes in the economic or political conditions where we sell or source our products or changes in import tariffs or trade restrictions, including implications related to the change in administration as a result of the 2024 U.S. presidential election; risks and uncertainty related to adverse public health developments; risks associated with climate change and other corporate responsibility issues; risks related to reputational harm to the company, its officers, and directors; risks related to actual or threatened litigation; risks related to cybersecurity threats and privacy or data security breaches; and the potential loss or disruption to our information systems.
| Use of GAAP and Non-GAAP Measures |
The company references comparable sales, defined as the percentage year-over-year change in the aggregate of: (1) sales for stores that have been open as the same brand at least one year and whose square footage has not been expanded or reduced by more than
| Other Information |
This press release is available at corporate.abercrombie.com. Important information may be disseminated initially or exclusively via the website: investors should consult the site to access this information.
As used in this document, unless otherwise defined, “Abercrombie brands” refers to Abercrombie & Fitch and abercrombie kids and “Hollister brands” refers to Hollister and Gilly Hicks. Additionally, references to “Americas” includes North America and South America, “EMEA” includes Europe, the Middle East and Africa and “APAC” includes the Asia-Pacific region, including Asia and Oceania.
| About Abercrombie & Fitch Co. |
Abercrombie & Fitch Co. (NYSE: ANF) is a global, digitally led omnichannel specialty retailer of apparel and accessories catering to kids through millennials with assortments curated for their specific lifestyle needs.
The company operates a family of brands, including Abercrombie & Fitch and Hollister each sharing a commitment to offer products of enduring quality and exceptional comfort that support global customers on their journey to being and becoming who they are. Abercrombie & Fitch Co. operates approximately 770 stores under these brands across North America, Europe, Asia and the Middle East, as well as the e-commerce sites abercrombie.com, abercrombiekids.com, and hollisterco.com.
| Investor Contact: | Media Contact: |
| Mo Gupta | Kate Wagner |
| Abercrombie & Fitch Co. | Abercrombie & Fitch Co. |
| (614) 283-6751 | (614) 283-6192 |
| Investor_Relations@anfcorp.com | Public_Relations@anfcorp.com |
FAQ
What is Abercrombie & Fitch's updated fourth quarter net sales growth outlook?
How has Abercrombie & Fitch's full year net sales growth outlook changed?
What is the operating margin outlook for Abercrombie & Fitch in the fourth quarter?
What is the full year operating margin outlook for Abercrombie & Fitch?
What factors contributed to Abercrombie & Fitch's improved sales outlook?
When will Abercrombie & Fitch participate in the 2025 ICR Conference?
