
Abercrombie & Fitch Co. ($ANF) reported strong third-quarter earnings for 2024, with record net sales of $1.21 billion, a 14% year-over-year increase, and comparable sales growth of 16%. The company exceeded estimates with earnings per share (EPS) of $2.50, compared to the expected $2.39. Gross margin improved to 65.1%, surpassing the estimate of 64.6%. This marks the sixth consecutive quarter of double-digit sales growth across its brands and regions. The company's CEO highlighted strong early November sales and expressed optimism for a robust holiday quarter. Abercrombie also raised its sales and operating margin outlook for the fiscal year.










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