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$AEO (+4.2% pre) American Eagle Raises Q4 Profit Outlook After Record December Sales, Strong Holiday Performance https://t.co/cGSXXAxpLg
Urban Outfitters $URBN reported record holiday sales, with net sales up 10% year-over-year for the two months ending December 31, 2024. Anthropologie and Free People led growth, while Nuuly sales surged 55%, driven by increased subscribers. Wholesale sales rose 29%, fueled by…
Abercrombie & Fitch $ANF raises its Q4 net sales forecast to +7%–8%, up from +5%–7%, citing strong holiday demand. Operating margin is expected around 16%. FY24 net sales now forecasted at +15% with a 15% operating margin. Record sales driven by strong comps across regions and…
Abercrombie & Fitch has revised its fourth-quarter net sales growth outlook to a range of 7-8%, up from a previous estimate of 5-7%. The company also increased its full-year net sales growth forecast to approximately 15%, slightly up from the earlier range of 14-15%. This adjustment comes in response to stronger-than-expected holiday sales, which have been attributed to robust performance across various regions. The operating margin for the fourth quarter is anticipated to be around 16%. However, it was noted that the full-year net sales growth fell marginally short of expectations.