Latest news with #Abercrombie&FitchCo
Yahoo
27-06-2025
- Entertainment
- Yahoo
Post Malone to Headline The Challenge, Abercrombie & Fitch Co.'s Annual Festival and Fundraiser, Benefiting Non-Profit Partners
Tickets now available for the event on Friday, September 19, 2025 Post Malone to Headline The Challenge NEW ALBANY, Ohio, June 27, 2025 (GLOBE NEWSWIRE) -- Abercrombie & Fitch Co. (NYSE: ANF) today announced the lineup for The Challenge, its annual music festival and fundraiser focused on promoting mental health in support of future generations. The event, hosted at Abercrombie & Fitch Co.'s Global Home Office in New Albany, Ohio, celebrates the ongoing, collective impact of its six key philanthropic partners. Headlining the 23rd annual festival is nine-time diamond-certified GRAMMY® Award-nominated phenomenon and philanthropist, Post Malone. The singer-songwriter has earned widespread acclaim and numerous accolades for his genre-blending music. Opening acts include critically acclaimed, chart-topping rock band Young the Giant, as well as rising global pop star Mark Ambor, with supporting performances from Max McNown, Natalie Jane, Adrien Nunez, Jessica Baio and DJ Axcess. The Challenge embodies Abercrombie & Fitch Co.'s purpose to support and empower each generation on the journey to being and becoming who they are through its key partners; GLSEN, The Jed Foundation, The Kids Mental Health Foundation, SeriousFun Children's Network, The Steve Fund and The Trevor Project. By starting conversations that break the stigma around mental health challenges, creating safe and affirming school environments and providing free resources to youth, teens and young adults around the world, these six impact partners are putting the mental health of future generations first. Since The Challenge's inception in 2001, Abercrombie & Fitch Co. has raised over $53 million in partnership with customers, business partners and its Abercrombie & Fitch and Hollister brands. Funds from this year's event will benefit all six non-profit partners. 'We're thrilled to announce this year's Challenge lineup, which we hope will be our most impactful event yet. From the incredible musical artists who will be joining us, to the level of support we plan to deliver to our non-profit partners, this year's event is shaping up to be absolutely fantastic,' said Fran Horowitz, Chief Executive Officer at Abercrombie & Fitch Co. 'Our headliner, globally celebrated artist Post Malone, shares our philanthropic values and we can't wait to bring his passion and talent to The Challenge stage in September. Each year brings new excitement, and I can say that this year will truly be one to remember, thanks to our amazing partners, performers, customers and associates coming together to celebrate our collective impact.' The Challenge will feature two stages, food and drink from local partners, including a beer garden by Rhinegeist Brewery, custom DIY apparel, axe throwing, hot air balloon rides and more one-of-a-kind experiences. General admission is $175 and includes access to all live performances, unlimited food and drink and an event tee. VIP tickets are also available for $350, offering guests an elevated experience with exclusive stage viewing areas, additional Challenge merchandise and more. For those celebrating virtually, tickets are $30, and a virtual VIP experience kit is available for $100. All participants are invited to fundraise beyond their ticket price to raise additional money for A&F Co.'s partners via The Challenge will be held on Friday, September 19th, 2025, from 5-11pm. For more information and to purchase tickets, visit Must be 16 years or older to attend. To check out a recap of last year's event, visit The Challenge 2024. About The ChallengeThe Challenge is a music festival and fundraiser established in 2001 by Abercrombie & Fitch Co. Through fundraising and one-of-a-kind experiences, the event supports the mental health of each generation on their journey to being and becoming who they are. In partnership with the company's family of brands and customers, The Challenge raises millions, celebrating its collective impact with an annual event that draws thousands of people both in person and virtually. About Abercrombie & Fitch & Fitch Co. (NYSE: ANF) is a global, digitally led, omnichannel specialty retailer of apparel and accessories catering to kids through millennials with assortments curated for their specific lifestyle needs. The company operates a family of brands, including Abercrombie & Fitch and Hollister brands, each sharing a commitment to offer products of enduring quality and exceptional comfort that support global customers on their journey to being and becoming who they are. Abercrombie & Fitch Co. operates 790+ stores under these brands across North America, Europe, Asia and the Middle East, as well as the e-commerce sites and Media Contact:Mackenzie GusweilerAbercrombie & Fitch Co.(614) 283-6192Public_Relations@ A photo accompanying this announcement is available at
Yahoo
17-06-2025
- Business
- Yahoo
JPMorgan Slashes PT on Abercrombie & Fitch (ANF) to $141, Keeps an Overweight Rating
Abercrombie & Fitch Co. (NYSE:ANF) is one of the 13 Most Undervalued Retail Stocks to Buy Right Now. On June 16, JPMorgan lowered the firm's price target on Abercrombie & Fitch Co. (NYSE:ANF) to $141 from $147, keeping an Overweight rating on the shares. The firm adjusted the company's model after management's roadshow. Despite the downward reduction, the firm believes in the company's potential to perform positively, reinforcing the overweight rating. A close-up of a customer trying on a piece of apparel in the retailer's spacious dressing room, emphasizing the company's focus on personal care and experience. In other news, Abercrombie & Fitch Co. (NYSE:ANF) reported record net sales in its fiscal Q1 2025 earnings, reaching $1.1 billion and exceeding outlook with an 8% growth. Net sales growth occurred across regions, with EMEA up 12%, Americas showing a 7% growth, and APAC rising 5%. Abercrombie & Fitch Co.'s (NYSE:ANF) results were supported by brand performance from Hollister, which grew 22%. Abercrombie brands, however, were down 4% compared to last year. Abercrombie & Fitch Co. (NYSE:ANF) is a global omnichannel retailer that offers an assortment of apparel, personal care products, and accessories for women, men, and kids. Its brand portfolio includes Abercrombie brands, which includes Abercrombie & Fitch and abercrombie kids, and Hollister brands, including Hollister and Gilly Hicks. While we acknowledge the potential of ANF as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
Fibre2Fashion
30-05-2025
- Business
- Fibre2Fashion
US' Abercrombie raises FY25 sales outlook slightly after 8% Q1 surge
American lifestyle retailer Abercrombie & Fitch Co has reported a net sale of $1.1 billion in the first quarter (Q1) of fiscal 2025 (FY25), an increase of 8 per cent year-over-year (YoY), with comparable sales increasing 4 per cent YoY. The operating income of the company reached $102 million, though the margin narrowed to 9.3 per cent from 12.7 per cent in the same period a year earlier. Earnings per diluted share stood at $1.59, down from $2.14 in Q1 FY24. Abercrombie & Fitch Co has reported net sales of $1.1 billion in Q1 FY25, up 8 per cent YoY, led by 22 per cent growth in Hollister brand. The operating margin declined to 9.3 per cent, with EPS at $1.59. EMEA sales rose 12 per cent. FY25 outlook sees lowered EPS and margin guidance, steady capex of $200 million, and Q2 sales growth forecast at 3â€'5 per cent. The company saw broad-based regional growth, with Europe, the Middle East, and Africa (EMEA) sales rising 12 per cent, Americas up 7 per cent, and Asia-Pacific (APAC) improving 5 per cent, Abercrombie said in a press release. Brand-wise, Hollister led the performance with a 22 per cent YoY increase in net sales, while Abercrombie brands declined 4 per cent, following a strong 31 per cent surge in the same quarter last fiscal. 'We delivered record first quarter net sales with 8 per cent growth to last year. This was above our expectations and was supported by broad-based growth across our three regions. Hollister brands led the performance with growth of 22 per cent, achieving its best ever first quarter net sales, while Abercrombie brands net sales were down 4 per cent against 31 per cent sales growth in 2024,' said Fran Horowitz, chief executive officer (CEO) at Abercrombie & Fitch Co. 'We exceeded our expectations on the bottom line as well, with operating margin of 9.3 per cent and earnings per share of $1.59. We also returned excess cash to shareholders through share repurchases totalling $200 million in the quarter, marking our fifth consecutive quarter of share repurchases,' added Horowitz. 'As we navigate the current environment, we have the team and proven capabilities in place to read, react and adapt, while continuing to deliver for customers globally. Importantly, with a strong foundation, we remain on offense and focused on top-line growth, store expansion, and investments in digital and technology that will enable sustainable long-term success.' Abercrombie has revised its fiscal 2025 outlook and now it anticipates net sales growth in the range of 3 to 6 per cent, slightly higher than its previous 3 to 5 per cent forecast. However, it has cut its projected operating margin to 12.5–13.5 per cent from 14–15 per cent and lowered its net income per diluted share estimate to between $9.5 and $10.5, down from $10.4 to $11.4. Capital expenditures (capex) are expected to remain at approximately $200 million, in line with its previous guidance. It also plans for 60 store openings, 20 closures, and 40 remodels or right-sizings, added the release. For the second quarter (Q2) FY25, Abercrombie projects net sales growth of 3 to 5 per cent, an operating margin of 12 to 13 per cent, and earnings per diluted share of $2.1 to $2.3. Fibre2Fashion News Desk (SG)
Yahoo
30-05-2025
- Business
- Yahoo
Why Abercrombie & Fitch Co. (ANF) Soared On Wednesday
We recently published a list of . In this article, we are going to take a look at where Abercrombie & Fitch Co. (NYSE:ANF) stands against other best-performing stocks. Abercrombie grew its share prices by 14.67 percent on Wednesday to finish at $88.47 apiece as investor sentiment was boosted by higher net sales in the first quarter of the year despite a challenging market environment. In a statement, Abercrombie & Fitch Co. (NYSE:ANF) said net sales grew by 7.5 percent to $1.097 billion from the $1.020 billion registered in the same period last year, with the Hollister brand achieving a 22-percent growth during the period. Net sales from Abercrombie, on the other hand, dipped by 4 percent year-on-year. A close-up of a customer trying on a piece of apparel in the retailer's spacious dressing room, emphasizing the company's focus on personal care and experience. Attributable net income, however, dropped by 29 percent to $80.4 million from the $113.8 million recorded in the same period a year earlier. Despite the decline, Abercrombie & Fitch Co. (NYSE:ANF) CEO Fran Horowitz said the net income figure exceeded its earlier expectations. For the full year, Abercrombie & Fitch Co. (NYSE:ANF) now expects net sales to grow between 3 and 6 percent, slightly higher than the high-end range of 5 percent as previously expected. The company also aims to grow its net sales between 3 and 5 percent for the second quarter alone. Overall, ANF ranks 3rd on our list of best-performing stocks. While we acknowledge the potential of ANF, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ANF and that has 10,000x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
Abercrombie & Fitch Co (ANF) Q1 2025 Earnings Call Highlights: Record Sales and Strategic ...
Net Sales: $1.1 billion, up 8% year-over-year. Operating Margin: 9.3%. Earnings Per Share (EPS): $1.59. Share Repurchases: $200 million, totaling 5% of shares outstanding. Americas Sales Growth: 7%. EMEA Sales Growth: 12%. APAC Sales Growth: 5%. Hollister Net Sales Growth: 22%. Abercrombie Brands Net Sales Decline: 4%. Inventory Increase: 21% at cost. Cash and Cash Equivalents: $511 million. Marketable Securities: $97 million. Full Year Net Sales Growth Outlook: 3% to 6%. Full Year Operating Margin Outlook: 12.5% to 13.5%. Full Year EPS Outlook: $9.50 to $10.50. Capital Expenditures: Approximately $200 million. New Store Openings: Around 100 new experiences, including 60 new stores. Warning! GuruFocus has detected 3 Warning Sign with REX. Release Date: May 28, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Abercrombie & Fitch Co (NYSE:ANF) reported record net sales of $1.1 billion for the first quarter, an 8% increase from the previous year, surpassing their expected growth range of 4% to 6%. The company achieved an operating margin of 9.3% and earnings per share of $1.59, both above the ranges provided in March. Hollister brand delivered record first-quarter results with 22% net sales growth, marking its 8th consecutive quarter of growth. Net sales growth was observed across all regions, with the Americas growing by 7%, EMEA by 12%, and APAC by 5%. Abercrombie & Fitch Co (NYSE:ANF) returned $200 million to shareholders through share repurchases, totaling 5% of shares outstanding at the beginning of the year. Abercrombie brands experienced a 4% net sales decline, with comparable sales down 10%, primarily due to lower AUR as they cleared seasonal carryover inventory. The company faced a reduction in full-year operating margin outlook due to an estimated 100 basis point impact from tariffs. Gross margin was negatively impacted by freight and carryover pressures, contributing to a 440 basis point decline in Q1. Abercrombie & Fitch Co (NYSE:ANF) anticipates a $50 million cost impact from tariffs for 2025, affecting their full-year operating margin outlook. The company is experiencing pressure on AUR, particularly in the Abercrombie brand, due to carryover inventory and competitive market conditions. Q: Can you provide more color on the outlook for Abercrombie's men's and women's lines and initiatives at Hollister? Also, what's new with the reduced store closures and remodels? A: Fran Horowitz, CEO: Abercrombie faced pressure due to carryover inventory, but our flexible model allows us to chase successful products like swimwear. We expect an inflection in Abercrombie's performance in the back half. Hollister had a strong quarter, driven by culturally relevant initiatives like the gradshop. On real estate, we're net store openers, planning 100 new experiences, with reduced closures due to successful landlord negotiations. Q: How do you view the full-year sales outlook, especially with the revised high-end guidance despite tariff impacts? A: Robert Ball, CFO: We're confident in our 3% to 6% sales growth guidance, rolling through Q1's beat. Tariffs impact margins, but we're leveraging our strong balance sheet to invest in marketing and technology, which supports our confidence in achieving the higher end of our sales range. Q: Can you discuss the progression of traffic and inventory levels at Abercrombie and Hollister? A: Fran Horowitz, CEO: Traffic was strong for both brands. Abercrombie worked through carryover inventory, and we're comfortable with current levels. Hollister also saw strong traffic, both in stores and online. Q: What are the expectations for Abercrombie's return to growth later in the year, and what will drive this? A: Fran Horowitz, CEO: We expect an inflection in the back half, driven by categories showing positive reactions. Our model allows us to stay flexible and agile, responding to customer demand and trends. Q: How are you managing gross margin pressures, and what are the expectations for operating margins in the future? A: Robert Ball, CFO: Q1 gross margin was impacted by freight and carryover inventory. We expect sequential improvement in Q2 as these pressures ease. Our focus remains on long-term sales and profit growth, with a strong operating margin guide of 12.5% to 13.5%. Q: Can you elaborate on the promotional strategy for Abercrombie and Hollister, especially in light of carryover inventory? A: Robert Ball, CFO: We'll align promotions with inventory levels and demand. For Hollister, we aim to maintain gains in AUR while being opportunistic with promotions to drive growth. Q: What are your expectations for growth in Europe and Asia for the rest of the year? A: Robert Ball, CFO: We expect growth across all regions, with strong performance in the UK and Germany. Our diversified portfolio and channel strategy support continued global growth. Q: How are you addressing competitive pressures and ensuring Abercrombie's continued success? A: Fran Horowitz, CEO: We focus on our successful playbook, aligning product, voice, and experience with customer needs. Our agile model allows us to stay ahead of competitors by quickly responding to trends and customer feedback. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
