_abercrombie-amp-fitch-ceo-says-retail-company-on-track-for-365-billion-in-annual-sales.jpg "Abercrombie & Fitch CEO Says Retail Company on Track for $5 Billion in Annual Sales from ken net Video Screenshot Preview")
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✓ Published: 08-Mar-2024
👁 View: 335K times
✓ Published: 08-Mar-2024
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Abercrombie & Fitch reported strong fourth-quarter earnings that beat analyst estimates on sales, earnings, and margins. CEO Fran Horowitz reiterated the company's goal of reaching $5 billion in annual sales, up from $4.3 billion in 2023. Net sales grew 21% yearly to $1.5 billion versus estimates for $1.43 billion. Inventory levels dropped 7% from a year ago, indicating solid sales and inventory management.
Abercrombie & Fitch reported strong fourth-quarter earnings that beat analyst estimates on sales, earnings, and margins. CEO Fran Horowitz reiterated the company's goal of reaching $5 billion in annual sales, up from $4.3 billion in 2023. Net sales grew 21% yearly to $1.5 billion versus estimates for $1.43 billion. Inventory levels dropped 7% from a year ago, indicating solid sales and inventory management.
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