Abercrombie's Namesake Brand is Growing on All Fronts, CEO Says
Dow Jones
Yesterday
0918 ET - Abercrombie & Fitch CEO Fran Horowitz says on a call with analysts that both the company's namesake and Hollister brands achieved record 2Q sales. The namesake brand notched sales of $596.8 million, up 8% from a year ago. "The brand also returned to comparable sales growth of 4% on improvements in conversion, average unit retail and full-price selling, particularly in the Americas," Horowitz says. "Growth was balanced by gender and category, with knits and wovens contributing, along with a solid bottoms business across pants and shorts." Abercrombie shares jump 15% premarket after the company lifts its outlook on the back of higher profit and sales.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.