Abercrombie & Fitch Q2 net sales rise 21% to $1.1 billion; raises fiscal 2024 outlook
Abercrombie & Fitch reported second-quarter fiscal 2024 results for the period ended August 3, 2024, with net sales of $1.1 billion, up 21% from a year earlier, and diluted earnings per share of $2.50 versus $1.10. The company raised its full-year outlook, now expecting net sales growth of 12% to 13% and an operating margin of 14% to 15%, compared with prior guidance of around 10% sales growth and a margin of around 14%.
Key points
- Q2 operating income was $176 million, up from $90 million a year earlier, and operating margin was 15.5% versus 9.6%.
- Comparable sales rose 18%, with Americas net sales up 23% and Abercrombie brands up 26%.
- Fiscal 2024 outlook: net sales growth of 12% to 13% and operating margin of 14% to 15%, up from around 10% and around 14%.
- Redeemed all $214 million of 8.75% senior secured notes in Q2; liquidity was approximately $1.2 billion as of August 3, 2024.
The filing
Written by AI on Nov 8, 2026, 12:58 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 29, 2024.
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