Overview

• Abercrombie & Fitch reported a 21% increase in second-quarter sales, reaching $1.1 billion.
• Net income rose to $250.5 million, marking a significant jump from the previous year.
• The company raised its 2024 sales growth outlook to 12-13%, up from the previous 10%.
• Despite strong earnings, the stock fell 15% due to concerns about future growth comparisons.
• Abercrombie's partnership with Haddad Brands aims to expand its kids' apparel line globally.