Abercrombie & Fitch Co. reported robust Q3 2024 results, with net sales increasing 14.4% to $1.21 billion and comparable sales rising 16% year-over-year. Net income attributable to A&F soared 37.2% to $132 million, or $2.50 per diluted share, up from $96.2 million, or $1.83 per share, in Q3 2023. The company's gross profit rate improved to 65.1% from 64.9% last year.Operating income grew to $179.3 million, representing a 14.8% operating margin compared to 13.1% in the prior year period. The Americas segment led growth with a 14% increase in net sales, while EMEA and APAC regions saw sales growth of 15% and 32% respectively. The company's digital and omnichannel initiatives continued to drive performance across all brands.Abercrombie & Fitch maintained a strong liquidity position with $683.1 million in cash and cash equivalents as of November 2, 2024. The company redeemed all outstanding Senior Secured Notes and increased its asset-based revolving credit facility to $500 million. For fiscal 2024, A&F expects capital expenditures of approximately $170 million, focusing on new store experiences and digital investments to support long-term growth strategies.

Abercrombie & Fitch Co. reported robust Q3 2024 results, with net sales increasing 14.4% to $1.21 billion and comparable sales rising 16% year-over-year. Net income attributable to A&F soared 37.2% to $132 million, or $2.50 per diluted share, up from $96.2 million, or $1.83 per share, in Q3 2023. The company's gross profit rate improved to 65.1% from 64.9% last year.Operating income grew to $179.3 million, representing a 14.8% operating margin compared to 13.1% in the prior year period. The Americas segment led growth with a 14% increase in net sales, while EMEA and APAC regions saw sales growth of 15% and 32% respectively. The company's digital and omnichannel initiatives continued to drive performance across all brands.Abercrombie & Fitch maintained a strong liquidity position with $683.1 million in cash and cash equivalents as of November 2, 2024. The company redeemed all outstanding Senior Secured Notes and increased its asset-based revolving credit facility to $500 million. For fiscal 2024, A&F expects capital expenditures of approximately $170 million, focusing on new store experiences and digital investments to support long-term growth strategies.