Abercrombie & Fitch (ANF) tops Q1 expectations, raises full-year guidance
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Kohl's, Urban Outfitters, Abercrombie&Fitch rise premarket; XPeng, Agilent fall
May 24, 2023 8:11 AM EDTInvesting.com -- Stocks in focus in premarket trade on Wednesday, May 24th. Please refresh for updates.
Kohls (NYSE: KSS) stock soared 11.6% after the retailer reported a surprise profit, while maintaining its full-year profit and operating margin forecasts even as it missed first-quarter sales... More
American Eagle Outfitters (AEO) Trades Higher in Sympathy with Abercrombie & Fitch (ANF)
May 24, 2023 7:38 AM EDTAmerican Eagle Outfitters (NYSE: AEO) Trades Higher in Sympathy with Abercrombie & Fitch (NYSE: ANF)
ANF +20% Following ResultsAEO +6.6%... More
Abercrombie & Fitch jumps on surprise profit, sales forecast raise
May 24, 2023 7:34 AM EDTBy Granth Vanaik
(Reuters) - Abercrombie & Fitch Co on Wednesday posted a surprise quarterly profit and lifted its full-year sales forecast, as the clothing retailer banks on its efforts to fill shelves with in-demand goods, sending its shares up as much as 29%.
The apparel retailer has worked to increase its stock across all its labels and lure affluent Americans to purchase for a variety of items including dresses, cargos and formal pants as... More
Abercrombie & Fitch (ANF) Tops Q1 EPS by 38c
May 24, 2023 7:31 AM EDTAbercrombie & Fitch (NYSE: ANF) reported Q1 EPS of $0.39, $0.38 better than the analyst estimate of $0.01. Revenue for the quarter came in at $836 million versus the consensus estimate of $814.92 million.
Fiscal 2023 Full Year Outlook
The following outlook replaces all previous full year guidance. For fiscal 2023, the company now expects:
Net sales growth in the range of 2 to 4% from $3.7 billion in 2022. This is an increase to the previous outlook of up 1 to 3%. The current outlook assumes that Abercrombie will continue to outperform Hollister and the U.S. will... MoreAbercrombie & Fitch (ANF) May weekly 23 straddle into quarter results
May 24, 2023 4:40 AM EDTAbercrombie & Fitch (NYSE: ANF) May weekly 23 straddle is priced for a move of 14% into the expected release of quarter results today.
... More