Abercrombie & Fitch CEO Says Retail Company on Track for $5 Billion in Annual Sales
- 2 months ago
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.