Record-Breaking Revenue and Growth
Abercrombie & Fitch achieved a record annual sales level in 2024 with net sales growth of 16% to $4.95 billion and a 53% increase in operating income, reaching $741 million. Earnings per share rose by 72% to $10.69.
Strong Brand Performance
Both Abercrombie and Hollister brands delivered record fourth-quarter net sales. Hollister's net sales grew 15% year-over-year, while Abercrombie brands achieved their 16th consecutive quarter of net sales growth at 2%.
Global Expansion Success
Net sales increased across all regions: 17% in the Americas, 12% in EMEA, and 9% in APAC. The company successfully opened 125 new store experiences, showing strong productivity across regions.
Operational Efficiency
Operating margin expanded by 90 basis points in Q4 2024, and the company achieved a 64% gross margin for the year, driven by lower promotions and increased efficiency.
Digital and Omnichannel Growth
Digital sales accounted for 46% of total sales, demonstrating the company's strong omnichannel presence. The company was a net store opener for the third consecutive year, with 789 stores worldwide.