Abercrombie & Fitch Sinks Some 15% Despite Earnings Beat. What's Going on?
Abercrombie & Fitch Sinks Some 15% Despite Earnings Beat. What's Going on?
Among other seeming positives, ANF's Americas sales increased 23%, EMEA grew 16% and APAC sales climbed 3% Y/Y. Abercrombie brand sales also rose 26%, while Hollister sales improved 17% Y/Y. Gross profit $Abercrombie & Fitch (ANF.US)$ sank some 15% intraday Wednesday even though the clothing retailer beat analysts' estimates for fiscal Q2 earnings. What's going on?
$爱芬奇 (ANF.US)$ 尽管这家服装零售商在第二财季的盈利超过了分析师的预期，但股价在周三的交易中一度下跌了15%。发生了什么？
ANF fell as much as 16.5% to a $166.61 session low in morning trading despite the fact the company said sales grew 21% Y/Y to $1.134 billion, beating analysts' consensus estimate of $1.101 billion.
尽管该公司表示销售额同比增长了21%，达到11.34亿美元，超过了分析师的预期（1101亿美元），A&F的股价在早盘交易中一度下跌了16.5%，至166.61美元的低点。
Comparable sales also jumped 18% Y/Y, helping the company post adjusted EPS of $2.50 -- beating analysts' consensus of $2.22.
可比销售额也同比增长了18%，帮助公司发布了2.50美元的调整后每股收益，超过了分析师预期的2.22美元。
Among other seeming positives, ANF's Americas sales increased 23%, EMEA grew 16% and APAC sales climbed 3% Y/Y. Abercrombie brand sales also rose 26%, while Hollister sales improved 17% Y/Y. Gross profit margin also expanded 240 basis points Y/Y to 64.9% in the quarter.
此外，A&F在美洲地区的销售增长了23%，在欧洲、中东和非洲地区增长了16%，亚太地区的销售增长了3%。Abercrombie品牌销售额同比增长了26%，而Hollister品牌销售额同比增长了17%。本季度的毛利润率也同比提高了240个基点，达到64.9%。
Meanwhile, the company's operating-expenses ratio improved to 49.4% from 53.2% last year.
与此同时，公司的运营费用比率从去年的53.2%下降至49.4%。
Operating income for the quarter also came in at $176 million vs. $90 million a year ago, with a margin expansion of 590 basis points Y/Y to 15.5%.
本季度的营业利润为1.76亿美元，高于去年同期的0.9亿美元，同比增长了590个基点，达到了15.5%。
However, markets apparently didn't like CEO Fran Horowitz's comments about the company's business. She warned that "we continue to operate in an increasingly uncertain environment."
然而，市场显然不喜欢CEO Fran Horowitz对公司业务的评论。她警告说"我们继续在一个日益不确定的环境中运营。"
Looking ahead, Abercrombie said it expects Q3 net sales to grow in low double-digit percentages year over year. The company projects an operating margin of 13%-14% compared to 13.1% last year.
展望未来，Abercrombie表示预计第三季度净销售额同比增长个位数百分比。公司预计营业利润率为13%-14%，去年为13.1%。
ANF also raised its FY24 net-sales-growth outlook to 12% to 13% (from around 10% previously), and revised its operating margin forecast to 14%-15% from the prior view of around 14%. The company continues to expect capital expenditure of about $170 million.
ANF还将其2024财年净销售增长预期提高至12%至13%(之前约为10%)，并将营业利润率预测修订为14%-15%(之前约为14%)。公司仍然预计资本支出约为17000万美元。