financetom
Business
financetom
/
Business
/
Abercrombie beats quarterly sales estimates on strong demand, shares surge
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Abercrombie beats quarterly sales estimates on strong demand, shares surge
May 28, 2025 4:55 AM

(Reuters) -Abercrombie & Fitch ( ANF ) on Wednesday beat estimates for first-quarter sales, as its move to introduce fresh styles such as printed jeans and dresses helped in drawing more shoppers, sending shares of the apparel maker up about 26% in premarket trading.

Shares of the company were down about 48% so far this year.

Abercrombie saw an uptick in sales as consumers rushed to shop for newer collections and seasonal drops across its clothing brands, despite a broader retail slowdown.

The company posted quarterly net sales of $1.10 billion, compared with analysts' estimate of $1.07 billion, as per data compiled by LSEG.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Mid-America Apartment Communities Q2 Core Adjusted FFO Falls, Revenue Rises; 2024 Guidance Narrowed
Mid-America Apartment Communities Q2 Core Adjusted FFO Falls, Revenue Rises; 2024 Guidance Narrowed
Jul 31, 2024
05:01 PM EDT, 07/31/2024 (MT Newswires) -- Mid-America Apartment Communities ( MAA ) reported Q2 core adjusted funds from operations late Wednesday of $1.92 per diluted share, down from $2.01 a year earlier. Analysts polled by Capital IQ expected adjusted FFO of $1.93. Rental and other property revenue for the quarter ended June 30 was $546.4 million, up from $535.1...
Veralto Insider Sold Shares Worth $1,387,297, According to a Recent SEC Filing
Veralto Insider Sold Shares Worth $1,387,297, According to a Recent SEC Filing
Jul 31, 2024
05:00 PM EDT, 07/31/2024 (MT Newswires) -- Jennifer Honeycutt, Director, President and CEO, on July 30, 2024, sold 13,191 shares in Veralto ( VLTO ) for $1,387,297. Following the Form 4 filing with the SEC, Honeycutt has control over a total of 138,546 shares of the company, with 138,546 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1967680/000196768024000115/xslF345X03/wk-form4_1722459154.xml ...
Salesforce Insider Sold Shares Worth $1,080,595, According to a Recent SEC Filing
Salesforce Insider Sold Shares Worth $1,080,595, According to a Recent SEC Filing
Jul 31, 2024
05:00 PM EDT, 07/31/2024 (MT Newswires) -- Parker Harris, Director, Co-Founder and CTO, Slack, on July 30, 2024, sold 4,200 shares in Salesforce ( CRM ) for $1,080,595. Following the Form 4 filing with the SEC, Harris has control over a total of 1,926,059 shares of the company, with 117,581 shares held directly and 1,808,478 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1108524/000112760224021236/xslF345X03/form4.xml...
Boeing 737 MAX crash families say planemaker should face much higher fine
Boeing 737 MAX crash families say planemaker should face much higher fine
Jul 31, 2024
WASHINGTON, July 31 (Reuters) - Families for some of the 346 people killed in two fatal Boeing 737 MAX crashes said on Wednesday a U.S. judge should reject the planemaker's proposed plea deal with the Justice Department and said the government should seek a much higher fine. On July 24, the planemaker finalized an agreement to plead guilty to a...
Copyright 2023-2026 - www.financetom.com All Rights Reserved