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Here's What Key Metrics Tell Us About Abercrombie (ANF) Q1 Earnings
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For the quarter ended April 2024, Abercrombie & Fitch (ANF - Free Report) reported revenue of $1.02 billion, up 22.1% over the same period last year. EPS came in at $2.14, compared to $0.39 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $952.25 million, representing a surprise of +7.19%. The company delivered an EPS surprise of +28.92%, with the consensus EPS estimate being $1.66.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Abercrombie performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Number of stores - Total (EOP): 750 versus 768 estimated by four analysts on average.
Comparable store sales - Hollister - YoY change: 13% compared to the 7.1% average estimate based on four analysts.
Comparable store sales - Abercrombie - YoY change: 29% compared to the 17.3% average estimate based on four analysts.
Comparable store sales - Total - YoY change: 21% compared to the 11.7% average estimate based on four analysts.
Net sales- Hollister: $449.22 million versus the four-analyst average estimate of $432.40 million. The reported number represents a year-over-year change of +12.3%.
Net sales- Abercrombie: $571.51 million versus the four-analyst average estimate of $517.19 million. The reported number represents a year-over-year change of +31.1%.
Shares of Abercrombie have returned +25.4% over the past month versus the Zacks S&P 500 composite's +4.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Here's What Key Metrics Tell Us About Abercrombie (ANF) Q1 Earnings
For the quarter ended April 2024, Abercrombie & Fitch (ANF - Free Report) reported revenue of $1.02 billion, up 22.1% over the same period last year. EPS came in at $2.14, compared to $0.39 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $952.25 million, representing a surprise of +7.19%. The company delivered an EPS surprise of +28.92%, with the consensus EPS estimate being $1.66.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Abercrombie performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Number of stores - Total (EOP): 750 versus 768 estimated by four analysts on average.
- Comparable store sales - Hollister - YoY change: 13% compared to the 7.1% average estimate based on four analysts.
- Comparable store sales - Abercrombie - YoY change: 29% compared to the 17.3% average estimate based on four analysts.
- Comparable store sales - Total - YoY change: 21% compared to the 11.7% average estimate based on four analysts.
- Net sales- Hollister: $449.22 million versus the four-analyst average estimate of $432.40 million. The reported number represents a year-over-year change of +12.3%.
- Net sales- Abercrombie: $571.51 million versus the four-analyst average estimate of $517.19 million. The reported number represents a year-over-year change of +31.1%.
View all Key Company Metrics for Abercrombie here>>>Shares of Abercrombie have returned +25.4% over the past month versus the Zacks S&P 500 composite's +4.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.