US’ Abercrombie raises FY25 sales outlook slightly after 8% Q1 surge

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 3–5 per cent.Read More