Abercrombie & Fitch Exec Says In APAC, Realized The Benefit Of China Reopening, Delivering 22% Comp Sales Growth In Q1
Portfolio Pulse from Happy Mohamed
Abercrombie & Fitch reported a 22% comp sales growth in Q1 due to the reopening of China in the APAC region, according to an executive during a conference call.
May 24, 2023 | 12:49 pm
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POSITIVE IMPACT
Abercrombie & Fitch's Q1 comp sales growth of 22% is attributed to the reopening of China in the APAC region.
The 22% comp sales growth in Q1 for Abercrombie & Fitch is a positive indicator for the company's performance. The reopening of China in the APAC region has contributed to this growth, which is likely to have a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100