Latest news with #Abercrombie
CNBC
4 hours ago
- Business
- CNBC
Jim Cramer on Abercrombie and American Eagle earnings: Limit downside on teen retailers
CNBC's Jim Cramer on Friday reviewed recent earnings from teen-focused apparel makers Abercrombie & Fitch and American Eagle Outfitters. While he was more optimistic about the former, he was generally cautious on the group. "I want you to limit your downside with these teen retailers. You never know when a company like this may go from sink and swim to just plain sink, at least for the next quarter," he said. "But to me, Abercrombie — I think that's worth buying perhaps as soon as next week." According to Cramer, teenage consumers are "notoriously fickle," a dynamic that makes it hard to bet on stocks that rely on them. Retailers and consumer-oriented companies broadly have expressed worries about the economic impact of President Donald Trump's tariffs, as most manufacture abroad. Abercrombie & Fitch is down 47.49% year-to-date while American Eagle is down 34.25%. He was disappointed with American Eagle's quarter — the retailer missed on earnings, recording a $75 million write-down in spring and summer merchandise. The company also reduced its full-year guidance before the report because of macroeconomic uncertainty. Cramer said it was strange that American Eagle announced a $200 million buyback while business is weaker. Retailers need flexibility, he said, and American Eagle's buyback will give the company less flexibility. Abercrombie & Fitch managed to beat the estimates, but it cut guidance as it gears up to weather steep tariffs. However, Cramer expressed confidence in CEO Fran Horowitz, who has managed to overhaul the company and execute a substantial turnaround after the brand struggled for years, having previously garnered a reputation for exclusivity, toxicity and racism. He was impressed with the retailer's efforts to diversify its supply chain. He noted that its offshoot brand, Hollister, grew same stores sales while they declined for the namesake brand, which is targeted at slightly older crowd. If investors believe Hollister can keep up the momentum and the flagship brand can improve, Cramer said the stock could be bought. He also said a Monday JPMorgan event featuring top Abercrombie management could move the stock. "I don't usually recommend options here, but I can tell you that teens are so fickle that if I were to buy Abercrombie ahead of the talk at JP Morgan on Tuesday, I actually might even do it with deep in the money calls," Cramer said. Abercrombie & Fitch and American Eagle did not immediately respond to request for comment. Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest
Yahoo
6 hours ago
- Business
- Yahoo
Why Abercrombie & Fitch Stock Is Soaring This Week
Abercrombie reported another strong quarter despite tariff issues. The company was forced to lower guidance due to the levies, especially those imposed on China. The company believes the impact won't be as severe as some had feared. 10 stocks we like better than Abercrombie & Fitch › Shares of Abercrombie & Fitch (NYSE: ANF) are trading higher this week. The company's stock jumped 9.7% as of 2:15 p.m. ET. The move up comes as the S&P 500 (SNPINDEX: ^GSPC) and the Nasdaq-100 were up 1.4% and 1.1%, respectively. The clothing retailer released its quarterly numbers on Wednesday, beating Wall Street targets at a time when other retailers are struggling. Abercrombie posted a strong quarter and set relatively optimistic guidance, even in the face of uncertainty around Trump's tariffs. The company delivered earnings per share (EPS) of $1.59 on sales of $1.10 billion for the quarter, beating consensus expectations of $1.39 on $1.07 billion in sales. Investors were pleased with the performance, willing to look past the company's downward adjustments to its forecast of earnings and margins for the full year. The company was projecting EPS between $10.40 and $11.40, but now expects between $9.50 and $10.50. Operating margins guidance was also cut, from 14%-15% to 12.5%-13.5%. While downgrades are rarely well received, they were less than many anticipated, given Trump's introduction of sweeping tariffs in April. CEO Fran Horowitz was pleased, telling investors the quarter beat "expectations and was supported by broad-based growth across our three regions," attributing the success primarily to the Hollister brand, which "led the performance with growth of 22%, achieving its best-ever first-quarter net sales." She also noted that sales growth for Abercrombie's core brand had slowed slightly, but is still in the double digits. Abercrombie has reinvented itself, no longer the controversial brand of the early 2000s. It continues to show strong, resilient growth at a time when many clothing retailers are struggling. I think it is a solid pick. Before you buy stock in Abercrombie & Fitch, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Abercrombie & Fitch wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $638,985!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $853,108!* Now, it's worth noting Stock Advisor's total average return is 978% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Abercrombie & Fitch Stock Is Soaring This Week was originally published by The Motley Fool Sign in to access your portfolio
Fibre2Fashion
7 hours ago
- 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
10 hours ago
- 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
Graziadaily
11 hours ago
- Entertainment
- Graziadaily
This Unexpected '90s Fashion Trend Is Back - And Better Than Ever
When it comes to fashion trends, it's no secret that what goes around comes around – and there's no better proof of that than the nineties and late noughties, home to some of the most coveted sartorial resurgences we're seeing today. From gingham and plaid skirts à la Rachel Green and Clueless , to the return of low-rise jeans, there's no shortage of vintage-style staples that blend nostalgia with contemporary style. One of the most romantic and playful resurgences? The babydoll dress. Once strictly reserved for nightwear, this loose-fitting silhouette has been endorsed by the likes of Sabrina Carpenter, as well as high fashion labels such as Emilia Wickstead, Chloé, and Loewe – the latter even showcasing mini babydoll dresses at the Spring/Summer 2025 runway shows. But we're not here to talk frocks – we're here to talk about the cropped, modern version: the babydoll top. And there's one in particular leading the charge on the high street: the Abercrombie & Fitch Sheer Babydoll Cami. 1. Abercrombie & Fitch, Sheer Babydoll Cami - Snake Print Shop the popular A&F cami that perfectly encapsulates the '90s. Much like any babydoll top (which typically features a peplum or shift hemline) the Abercrombie top has quickly become a fashion insider favourite, thanks to its on-trend silhouette and breezy wearability for the warmer months. Available in a range of designs and colour ways, including classic black and white, it's the snake print version that's truly flying off both the virtual and in-store shelves. Not only does it embrace the babydoll resurgence, but it also taps into another kitschy yet chic Y2K revival – snake print. While the see-through material of the babydoll top might suggest it's best suited for more glittering occasions, its versatility means it can easily be adapted for more casual off-duty styling. For daytime, consider layering a thin black cami underneath for extra coverage (although you might want to skip the layers altogether during the warmer months) and pair it with your favourite pair of jeans for a relaxed look. When it comes to the evening, simply ditch the cami and let the top shine on its own, styling it with the same trusted denim and elevating the outfit with a pair of kitten heels, perfect for date nights. Of course, with any trending staple, the high street offering seldom disappoints. While Abercrombie's selection has quickly gained traction among those looking to tap into the babydoll revival, there's no shortage of other gems to be found, from H&M to Nobody's Child to name a few. Shop the rest below - including the other Abercrombie & Fitch versions. 2. Abercrombie & Fitch, Babydoll Top - Black Lace Alternatively, opt for the chic black lace iteration for nights out. 3. Abercrombie & Fitch, Babydoll Top - White Lace Choose the white version for summer days out. 4. Nobody's Child, Blue Camille Cami Top From the Poppy Delevingne X Nobody's Child collection, shop a light blue babydoll top with lace detailing. 5. Second Female, Babydoll Top Price: £93 Available to shop from Anthropologie, this babydoll top will keep you cool during even the hottest days. 6. Damson Madder, Amaya Blouse Damson madder knows a thing or two about a viral blouse - and the Amaya is no exception. Image credit: @vivianeaudi and @viviannn_v Emma Richardson is a fashion commerce writer for Grazia. She covers shopping, lifestyle, celebs and anything trending .
