Abercrombie & Fitch Crushes Views, Adds To 385% Run

Abercrombie & Fitch Crushes Views, Adds To 385% Run

Abercrombie & Fitch (ANF) released first-quarter financial results Wednesday morning that easily beat expectations. Abercrombie & Fitch stock rose pre-hours after hitting a new all-time high on Tuesday. Rival American Eagle Outfitters (AEO) is due after closing




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Trendy youth clothing retailers are reporting as investors closely monitor the impact of persistent inflation on consumer shopping habits. Last week, Urban outfitters (URBAN) issued strong earnings and strong outlook for the current quarter.

Led by Abercrombie, retail stocks have seen strong gains over the past year thanks to resilient growth despite macroeconomic pressures.

Abercrombie & Fitch Profits

Estimates: Analysts expected Abercrombie & Fitch earnings to jump 352% to $1.76, according to FactSet. Revenue increased 16% year over year to $967.4 million. Same-store sales are expected to rise 10.2%.

Results: Abercrombie earned $2.14 per share, up 449% from a year earlier. Revenue increased 22% to $1.02 billion, with growth accelerating for a fifth consecutive quarter. Same-store sales increased 21%, with Abercrombie & Fitch up 29%.

Outlook: For the full year ending January 2025, Abercrombie now sees its turnover increase by 10% compared to a previous target of 4 to 6%. Analysts had forecast a 7% gain ahead of first-quarter results, FactSet shows.

Abercrombie is regaining favor with middle-aged shoppers nostalgic for their youth, retail market observers say. Efficiency gains have also been made.

American Eagle Outfitters Profits

Estimates: Analysts expect American Eagle Outfitters earnings to rise 67% to 28 cents per share, according to FactSet. Revenue is expected to grow 7% year over year to $1.151 billion. Same-store sales are expected to increase 5.5% compared to a decline in the corresponding quarter last year.

Results: Come back Wednesday evening.

Outlook: For the whole year, American Eagle achieved an increase in its turnover of 2% to 4%. Analysts forecast 3%, FactSet shows. American Eagle’s fiscal year ends in January.

Abercrombie stock, American Eagle stock

Abercrombie shares rose 4% before the open stock market today. ANF ​​stock rose 1.5% to 152.39 on Tuesday, hitting a record high.

Abercrombie stock rose from 140.28 point of purchase, meaning the shares are not in an appropriate buying range. They are up more than 381% compared to the previous breakout last June.

THE line of relative force Abercrombie & Fitch stock hit a new high Tuesday. An ascending RS line, the blue line in the chart shown, shows a stock’s outperformance relative to the S&P 500 Index.

American Eagle stock jumped 3.2% on Tuesday, still slightly below the 50-day moving average. Shares show a buy point of 26.44, although the RS line is near the consolidation bottom. Investors could use a decisive move above the 50-day line, or perhaps the 25.15 level, as an early entry.

Gap (GPS) reported Thursday evening. Stocks fell below the 50-day line after their sharp rise since last October, sliding 3.1% on Tuesday. In March, the company crushed estimates for the holiday quarter. The Old Navy brand has also returned to growth.

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