Abercrombie & Fitch reports 16% YoY sales growth for 2024
US apparel retailer Abercrombie & Fitch (A&F) delivered strong growth in both Q4 and full-year 2024. Net income increased 11.8% YoY to $187.2 million in Q4, with net sales rising 9% to $1.58 billion. Hollister performed particularly well with a 16% sales jump. For the full year, A&F achieved $4.95 billion in sales, a 16% increase from 2023. Despite rising tariffs and transportation costs, A&F has no plans to adjust retail prices, focusing instead on agile inventory management and omnichannel retail experiences.