Abercrombie & Fitch Q1 Adj EPS $2.14 Beats $1.73 Estimate, Sales $1.02B Beat $963.26M Estimate
Portfolio Pulse from Benzinga Newsdesk
Abercrombie & Fitch (NYSE:ANF) reported strong Q1 results with adjusted earnings per share (EPS) of $2.14, beating the analyst estimate of $1.73 by 23.7%. Sales reached $1.02 billion, surpassing the $963.26 million estimate and marking a 22.01% increase year-over-year.
May 29, 2024 | 11:31 am
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Abercrombie & Fitch reported Q1 adjusted EPS of $2.14, beating estimates by 23.7%, and sales of $1.02 billion, surpassing estimates by 5.89%. This strong performance indicates robust growth and could positively impact the stock price in the short term.
The significant beat on both EPS and sales estimates, along with substantial year-over-year growth, suggests strong operational performance. This is likely to positively influence investor sentiment and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100