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?
$愛芬奇 (ANF.US)$ 儘管這家服裝零售商在第二財季的盈利超過了分析師的預期，但股價在週三的交易中一度下跌了15%。發生了什麼？
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.
儘管該公司表示銷售額同比增長了21%，達到11.34億美元，超過了分析師的預期（1101億美元），A&F的股價在早盤交易中一度下跌了16.5%，至166.61美元的低點。
Comparable sales also jumped 18% Y/Y, helping the company post adjusted EPS of $2.50 -- beating analysts' consensus of $2.22.
可比銷售額也同比增長了18%，幫助公司發佈了2.50美元的調整後每股收益，超過了分析師預期的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在美洲地區的銷售增長了23%，在歐洲、中東和非洲地區增長了16%，亞太地區的銷售增長了3%。Abercrombie品牌銷售額同比增長了26%，而Hollister品牌銷售額同比增長了17%。本季度的毛利潤率也同比提高了240個點子，達到64.9%。
Meanwhile, the company's operating-expenses ratio improved to 49.4% from 53.2% last year.
與此同時，公司的運營費用比率從去年的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%.
本季度的營業利潤爲1.76億美元，高於去年同期的0.9億美元，同比增長了590個點子，達到了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，市場顯然不喜歡CEO Fran Horowitz對公司業務的評論。她警告說"我們繼續在一個日益不確定的環境中運營。"
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.
展望未來，Abercrombie表示預計第三季度淨銷售額同比增長個位數百分比。公司預計營業利潤率爲13%-14%，去年爲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還將其2024財年淨銷售增長預期提高至12%至13%(之前約爲10%)，並將營業利潤率預測修訂爲14%-15%(之前約爲14%)。公司仍然預計資本支出約爲17000萬美元。
