Abercrombie Sees Q3 Operating Margin 13%-14% vs 13.1% in Q3 FY23
Portfolio Pulse from Benzinga Newsdesk
Abercrombie & Fitch projects a low double-digit increase in Q3 net sales compared to $935 million in Q3 FY23, and anticipates an operating margin of 13%-14%, up from 13.1% in the same period last year.
August 28, 2024 | 11:32 am
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Abercrombie & Fitch expects a low double-digit growth in Q3 net sales and an operating margin of 13%-14%, indicating a positive financial performance compared to last year.
The projected increase in net sales and operating margin suggests improved financial health and operational efficiency, likely boosting investor confidence and stock price in the short term.
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