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Abercrombie & Fitch | 8-K: ABERCROMBIE & FITCH CO. REPORTS SECOND QUARTER FISCAL 2024 RESULTS

Abercrombie & Fitch | 8-K: ABERCROMBIE & FITCH CO. REPORTS SECOND QUARTER FISCAL 2024 RESULTS

爱芬奇 | 8-K:ABERCROMBIE & FITCH CO.公布2024财年第二季度业绩
美股SEC公告 ·  2024/08/30 05:06

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Abercrombie & Fitch delivered record second quarter performance with net sales reaching $1.1 billion, up 21% YoY, driven by broad-based growth across regions and brands. Comparable sales increased 18%, with Abercrombie brands growing 26% and Hollister brands accelerating to 17% growth. Operating margin expanded 590 basis points to 15.5%, generating record Q2 operating income of $176 million.The company demonstrated strong regional performance, with Americas leading at 23% growth and EMEA achieving 16% growth. Gross profit rate improved 240 basis points to 64.9%. The company strengthened its balance sheet by redeeming all outstanding 8.75% senior secured notes and maintaining robust liquidity of $1.2 billion.Based on strong first-half results, Abercrombie raised its full-year outlook, now expecting net sales growth of 12-13% and operating margin of 14-15%. For Q3 2024, the company projects low double-digit net sales growth and operating margin of 13-14%, despite acknowledging an increasingly uncertain environment.
Abercrombie & Fitch delivered record second quarter performance with net sales reaching $1.1 billion, up 21% YoY, driven by broad-based growth across regions and brands. Comparable sales increased 18%, with Abercrombie brands growing 26% and Hollister brands accelerating to 17% growth. Operating margin expanded 590 basis points to 15.5%, generating record Q2 operating income of $176 million.The company demonstrated strong regional performance, with Americas leading at 23% growth and EMEA achieving 16% growth. Gross profit rate improved 240 basis points to 64.9%. The company strengthened its balance sheet by redeeming all outstanding 8.75% senior secured notes and maintaining robust liquidity of $1.2 billion.Based on strong first-half results, Abercrombie raised its full-year outlook, now expecting net sales growth of 12-13% and operating margin of 14-15%. For Q3 2024, the company projects low double-digit net sales growth and operating margin of 13-14%, despite acknowledging an increasingly uncertain environment.
爱芬奇在第二季度取得了创纪录的成绩,净销售额达到11亿元,同比增长21%,得益于所有板块和品牌的广泛增长。可比销售额增长18%,爱芬奇品牌增长26%,霍利斯特品牌加速至17%的增长。营业利润率扩大了590个基点,达到了15.5%,创下17600万的第二季度营业收入纪录。该公司在区域型表现强劲,美洲以23%的增长领先,欧洲、中东、非洲实现了16%的增长。毛利润率提高了240个基点,达到了64.9%。公司通过赎回所有未偿还的8.75%高级担保票据,提升了资产负债表,并维持了12亿的强劲流动性。基于上半年的强劲业绩,爱芬奇上调了全年预期,现预计净销售增长为12-13%,营业利润率为14-15%。对于2024年第三季度,公司预计净销售低双位数增长,营业利润率为13-14%,尽管承认环境日益不确定。
爱芬奇在第二季度取得了创纪录的成绩,净销售额达到11亿元,同比增长21%,得益于所有板块和品牌的广泛增长。可比销售额增长18%,爱芬奇品牌增长26%,霍利斯特品牌加速至17%的增长。营业利润率扩大了590个基点,达到了15.5%,创下17600万的第二季度营业收入纪录。该公司在区域型表现强劲,美洲以23%的增长领先,欧洲、中东、非洲实现了16%的增长。毛利润率提高了240个基点,达到了64.9%。公司通过赎回所有未偿还的8.75%高级担保票据,提升了资产负债表,并维持了12亿的强劲流动性。基于上半年的强劲业绩,爱芬奇上调了全年预期,现预计净销售增长为12-13%,营业利润率为14-15%。对于2024年第三季度,公司预计净销售低双位数增长,营业利润率为13-14%,尽管承认环境日益不确定。
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