Abercrombie & Fitch Expects Q2 Net Sales Growth To Be Up Mid-Teens Y/Y
Portfolio Pulse from Benzinga Newsdesk
Abercrombie & Fitch expects Q2 net sales growth to be up mid-teens year-over-year and anticipates an operating margin of 13% to 14%, compared to 9.6% in Q2 2023.
May 29, 2024 | 11:35 am
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Abercrombie & Fitch expects significant growth in Q2 net sales and a notable increase in operating margin, indicating strong financial performance.
The projected increase in net sales and operating margin suggests strong financial health and operational efficiency, likely boosting investor confidence and positively impacting the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100