Suzanne M. Coulter, a director at Abercrombie & Fitch Co. (NYSE:ANF), recently sold 2,870 shares of Class A Common Stock, according to a regulatory filing. The transaction, which took place on December 4, 2024, was executed at a price of $160 per share, resulting in a total sale value of $459,200. Following this transaction, Coulter retains ownership of 6,405 shares in the company. This sale is part of routine stock management by company insiders. InvestingPro data reveals the company maintains a "GREAT" financial health score, with 12 additional exclusive insights available to subscribers, including detailed analysis of insider transactions and comprehensive Pro Research Reports.
In other recent news, Abercrombie & Fitch reported record third-quarter net sales of $1.2 billion, marking a 14% increase from the same period last year. This growth was distributed evenly across all regions and both Abercrombie and Hollister brands. The operating income also saw a notable rise of 30%, reaching $179 million, leading to an upward revision of the full-year sales outlook.
On a regional basis, sales grew by 14% in the Americas, 15% in EMEA, and a striking 32% in APAC. Both Abercrombie and Hollister brands saw balanced growth, with Abercrombie increasing by 15% and Hollister by 14%. The full-year sales growth forecast has been increased to between 14% and 15%, with an expected operating margin of around 15%.
The company also highlighted plans to open approximately 40 new Abercrombie stores and 20 new Hollister stores. Furthermore, around 40 Hollister locations are set to be refreshed or right-sized. These recent developments reflect Abercrombie & Fitch's commitment to sustainable profitable growth and expectations for this trend to continue.
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