financetom
Business
financetom
/
Business
/
Abercrombie & Fitch beats revenue estimates on strong holiday-quarter demand
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Abercrombie & Fitch beats revenue estimates on strong holiday-quarter demand
Mar 6, 2024 5:09 AM

(Reuters) -Abercrombie & Fitch Co ( ANF ) on Wednesday beat analysts' estimates for fourth-quarter revenue on strong demand for its apparel brands in the critical holiday shopping season.

Apparel retailers such as Abercrombie and Lululemon Athletica have reaped benefits from their efforts to clean out inventories and introduce fresh styles on the racks during the holiday shopping season.

This has also encouraged full-price sales for apparel brands over the holiday period, which is typically skewed towards higher discounts and promotions.

In the fourth quarter ended Feb. 3, the Ohio-based company's revenue rose 21% to $1.45 billion, compared with LSEG expectations of 19% growth to $1.43 billion.

(Reporting by Juveria Tabassum; Editing by Shailesh Kuber and Shinjini Ganguli)

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 >
Martello Technologies Group Raises C$1.5 Million in a Private Placement of Shares
Martello Technologies Group Raises C$1.5 Million in a Private Placement of Shares
Mar 27, 2024
05:16 PM EDT, 03/27/2024 (MT Newswires) -- Martello Technologies Group ( DRKOF ) on Wednesday said it raised C$1.5 million in a private placement of shares. The IT-consulting company said it placed 30-million shares priced at C$0.05 in the financing. Wesley Clover International, a company controlled by its chairman, was the sole buyer of the shares. The company intends to...
Green Thumb Industries Insider Sold Shares Worth $258,256, According to a Recent SEC Filing
Green Thumb Industries Insider Sold Shares Worth $258,256, According to a Recent SEC Filing
Mar 27, 2024
05:17 PM EDT, 03/27/2024 (MT Newswires) -- Bret Kravitz, General Counsel and Secretary, on March 25, 2024, sold 18,316 shares in Green Thumb Industries ( GTBIF ) for $258,256. Following the Form 4 filing with the SEC, Kravitz has control over a total of 372,893 shares of the company, with 372,893 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1795139/000141588924009221/xslF345X03/form4-03272024_090303.xml ...
SIR Royalty Income Fund Announces Filing Of SIR Corp. Fiscal 2024 Q2 Results
SIR Royalty Income Fund Announces Filing Of SIR Corp. Fiscal 2024 Q2 Results
Mar 27, 2024
05:15 PM EDT, 03/27/2024 (MT Newswires) -- SIR Royalty Income Fund (SRV-UN.TO) Wednesday announced that SIR Corp. - the operating entity from which the Fund's equity income is ultimately derived - has filed its financial results for the 12-week and 24-week periods ended Feb. 11, 2024 (Q2 2024 and YTD 2024, respectively). Adjusted Net Earnings were $0.6 million in Q2...
Verint Systems Fiscal Q4 Adjusted Earnings, Revenue Rise; Issues Guidance
Verint Systems Fiscal Q4 Adjusted Earnings, Revenue Rise; Issues Guidance
Mar 27, 2024
05:18 PM EDT, 03/27/2024 (MT Newswires) -- Verint Systems ( VRNT ) reported fiscal Q4 non-GAAP earnings late Wednesday of $1.07, up from $0.75 a year earlier. Analysts polled by Capital IQ forecast $0.97. Revenue for the quarter ended Jan. 31 was $265.11 million, up from $236.25 million a year earlier. Analysts surveyed by Capital IQ estimated $261.9 million in...
Copyright 2023-2026 - www.financetom.com All Rights Reserved