Abercrombie & Fitch Raises FY24 Operating Margin Guidance to 14-15% vs 14% Prior, Raises Sales Growth Guidance To 12-13% vs ~10% Prior
Portfolio Pulse from Benzinga Newsdesk
Abercrombie & Fitch has increased its fiscal year 2024 operating margin guidance to 14%-15% from the previous 14% and raised its sales growth guidance to 12%-13% from approximately 10%.
August 28, 2024 | 11:35 am
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POSITIVE IMPACT
Abercrombie & Fitch has raised its FY24 operating margin guidance to 14%-15% and sales growth guidance to 12%-13%, indicating a positive outlook for the company's financial performance.
The increase in both operating margin and sales growth guidance suggests improved financial performance, likely boosting investor confidence and positively impacting ANF's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100