US fashion retailer Abercrombie & Fitch has reported strong sales and profits during its fourth quarter and for the full year
Abercrombie & Fitch reported a 9% increase in net sales year-on-year for the fourth quarter to February 1, 2025, hitting $1.58bn (£1.23bn), while sales for the full 52-week year surged 16% to reach $4.95bn (£3.84bn).
Operating income at the US fashion retailer was up from $223m (173.1m) to $256m (£198.7m) during the fourth quarter, as well as surging from $485m (£376.5m) for the full year last year to $741m (£575.2m) this year on a reported basis.
In terms of geographies, the Americas led during the fourth quarter with sales up by 11% year on year, while in Europe, the Middle East, and Africa (EMEA), sales rose by 2% but in the Asia Pacific region, they were down 4%.
For the full year, sales in the Americas, EMEA, and Asia Pacific regions were all up by 17%,12% and 9% respectively year on year.
With an eye to the brands individually, Abercrombie’s sales surged 16% year on year while Hollister kept up and reported a 15% rise in sales.
Abercrombie & Fitch chief executive Fran Horowitz said: “In fiscal 2024, we once again delivered on our commitments to our global customers and shareholders.
“We entered the fiscal year with the goal of achieving sustainable, profitable growth on top of a defining fiscal 2023, and our collective effort and focus produced results well beyond our initial expectations. We grew net sales by 16% to nearly $5bn while expanding operating margin to 15%, with operating income and EPS growth of 53% and 72%, respectively.
“We enter fiscal 2025 with highly relevant brands, an agile playbook, and a motivated global team driven by a culture of innovation and growth. Our expectation in 2025 is to build on the past two years of outstanding results and again deliver profitable growth while strengthening our brands and operating model.”
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