“We achieved three years of consecutive quarterly sales growth, delivering record third quarter net sales, with 7 per cent growth to last year. Hollister brands grew 16 per cent on a strong finish to back-to-school and fall seasonal transition. Abercrombie brands made sequential progress in-line with our expectations, and we are tightly managing inventory as we aim for fourth quarter brand net sales to be approximately flat to last year’s record. On the bottom line, we delivered a 12.0 per cent operating margin including important investments in marketing, digital and technology, in addition to 210 basis points of adverse tariff impact. We exceeded our expectations on earnings per share, while also returning $100 million to shareholders in the third quarter, our seventh consecutive quarter of share repurchases,” Fran Horowitz, chief executive officer, said.
The company posted an operating margin of 12.0 per cent, with earnings per diluted share of $2.36 exceeding the outlook range, the company said in a press release.
"As we enter the holiday season, our global teams are energised and ready to deliver exceptional experiences for our customers across brands and regions. We remain on track toward record net sales for fiscal 2025, on the foundation of consistent quarterly top-line growth, top-tier profitability, and healthy cash flow. Our results reinforce the strength of our operating model and give us confidence in our ability to drive sustainable, long-term shareholder value,” concluded Horowitz.
ALCHEMPro News Desk (RR)
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!
marketing@alchempro.com
