Abercrombie & Fitch Co delivered a solid QQ3 2024 performance, supported by resilient pricing, brand strength, and a favorable direct-to-consumer mix. Revenue reached USD 1.209 billion, up 18.4% year-over-year and 6.6% quarter-over-quarter, while gross margin expanded to 65.1% and operating margin stood at 14.8%. Net income was USD 131.98 million with earnings per share of USD 2.59, reflecting a 15.6% year-over-year increase and a modest 0.38% quarterly decline.
Key Performance Indicators
Revenue
Increasing
1.21B
QoQ: 6.61% | YoY: 18.44%
Gross Profit
Increasing
786.93M
65.09% margin
QoQ: 6.88% | YoY: 23.10%
Operating Income
Increasing
179.28M
QoQ: 2.08% | YoY: 40.71%
Net Income
Increasing
131.98M
QoQ: -0.89% | YoY: 15.92%
EPS
Increasing
2.59
QoQ: -0.38% | YoY: 15.63%
Revenue Trend
Margin Analysis
Financial Highlights
Revenue: USD 1,208.97M; YoY +18.44%; QoQ +6.61% | Gross Profit: USD 786.93M; YoY +23.10%; QoQ +6.88%; Gross Margin: 65.09% | Operating Income: USD 179.28M; YoY +40.71%; QoQ +2.08%; Operating Margin: 14.83% | Net Income: USD 131.98M; YoY +15.92%; QoQ -0.89%; Net Margin: 10.92% | EBITDA: USD 228.15M; EBITDA Margin: 18.87% | EPS: USD 2.59; Diluted EPS: USD 2.50; YoY EPS +15.63%; QoQ -0.38% | Free Cash Flow (FCF): USD 92.25M; FCF per Share: USD 1.81 | Cash Flow: Net cash from operations USD 142.64M; Capex USD 50.39M; FCF generated supports a constructive capital allocation stance, including stock repurchases (USD -102.20M) during the period
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
1.21B
18.44%
6.61%
Gross Profit
786.93M
23.10%
6.88%
Operating Income
179.28M
40.71%
2.08%
Net Income
131.98M
15.92%
-0.89%
EPS
2.59
15.63%
-0.38%
Key Financial Ratios
Gross Profit Margin
Excellent
65.10%
Gross profit margin is exceptional, indicating strong pricing power and operational efficiency
Operating Profit Margin
Fair
14.80%
Operating margin is moderate, room for improvement in cost management
Net Profit Margin
Good
10.90%
Net profit margin is healthy and competitive within industry standards
Return on Assets
Fair
4.04%
Return on assets is acceptable but below top-tier companies
Return on Equity
Fair
10.60%
Return on equity is acceptable but below top-tier companies
Current Ratio
Adequate
1.40
Current ratio meets minimum requirements but limited cushion