Abercrombie & Fitch Co

ANF

Abercrombie & Fitch Co

@david
1 year ago

Is The Business Growing?

Is The Business Growing?

Holy cow the business is growing.

Net Operating Cash Flow is up 28,000% from last year to this year. Net income has also soared. The effects from 2023 to 2024 has been absolutely astounding.

This has been credited as a turn around, thanks to new CEO Fran Horowitz. Under her leadership:

  • Abercrombie refined its target audience, previously teenagers, to focus mostly on 20-somethings,and tailored products and marketing campaigns to those shoppers.

  • It also invested in e-commerce, trimmed overhead expenses, and redesigned its stores to fit a new, more inclusive aesthetic.

I wonder how much longer it can have this incredible growth. With a market cap of only $8.57B, there's room for this business to keep zooming