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UK’s Abercrombie & Fitch Q2 sales up 7%, lifts FY25 outlook

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UK’s Abercrombie & Fitch Q2 sales up 7%, lifts FY25 outlook



Abercrombie & Fitch has reported second quarter (Q2) fiscal 2025 (FY25) results for the period ended August 2, 2025, with net sales rising 7 per cent to $1.2 billion.

Regional growth was led by an 8 per cent increase in the Americas and 12 per cent in APAC, offsetting a 1 per cent decline in EMEA. Comparable sales grew 3 per cent overall. By brand, Hollister surged 19 per cent to $656.7 million, while Abercrombie declined 5 per cent to $551.9 million.

Reported net income per diluted share rose to $2.91 from $2.50 a year earlier, while adjusted non-GAAP EPS declined to $2.32 from $2.50, reflecting the absence of last year’s foreign currency benefit.

Operating income reached $207 million on a reported basis, versus $176 million in Q2 FY24, with adjusted non-GAAP operating income at $168 million. Reported operating margin improved to 17.1 per cent of sales, compared to 15.5 per cent last year, while adjusted operating margin was 13.9 per cent, the company said in a financial release.

“We delivered record second quarter net sales, exceeding our expectations, with 7 per cent growth to last year. We continued to drive meaningful engagement with our teen customer in Hollister brands, growing 19 per cent on strong summer and back-to-school demand. While we made progress on key inventory initiatives by leveraging promotions and testing new product concepts, Abercrombie brands net sales were down 5 per cent, lapping 26 per cent growth in the prior year. On the bottom line, we exceeded our second quarter profitability expectations, while also returning $50 million to shareholders through our sixth consecutive quarter of share repurchases,” said Fran Horowitz, chief executive officer.

The company raised its fiscal 2025 full-year outlook, projecting net sales growth of 5–7 per cent, compared to 3–6 per cent previously. Operating margin is now expected between 13–13.5 per cent, with net income per diluted share in the $10–$10.5 range.

Capital expenditures are estimated at about $225 million, above earlier guidance of $200 million, with real estate plans unchanged at roughly 40 net store openings, 60 openings and 20 closures, and 40 remodels or right-sizings.

For the third quarter, Abercrombie forecasts 5–7 per cent sales growth, an operating margin of 11–12 per cent, and EPS between $2.05 and $2.25.

“We entered the second half of 2025 on offense. We are increasing our full year net sales outlook, reflecting our strong positioning and growth trajectory, building on record 2024 results. Our team remains focused on delivering for our customers while investing to capitalise on the significant, long-term opportunities for our global brands,” Horowitz added.

Abercrombie & Fitch has posted Q2 FY25 net sales up 7 per cent to $1.2 billion, led by Americas and APAC offsetting a 1 per cent EMEA dip.
Hollister rose 19 per cent to $656.7 million, while Abercrombie fell 5 per cent to $551.9 million.
EPS was $2.91.
Operating margin improved to 17.1 per cent.
The retailer raised FY25 outlook to 5–7 per cent sales growth and EPS of $10–$10.5.

Fibre2Fashion News Desk (HU)



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Australia’s apparel imports dip 2% as textile imports edge higher

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Australia’s apparel imports dip 2% as textile imports edge higher



There was also a month-on-month (MoM) ease in apparel imports in August ****, down by * per cent to Au$*.*** billion compared to Au$*.*** billion in August ****. Analysts suggest that cooler consumer sentiment and a shift towards value-driven fashion purchases have led to softer import demand.

Conversely, imports of textile yarn, fabrics, and made-up articles (classified under code **) rose by *.** per cent to Au$*** million (~$***.** million) during July–August ****, compared to Au$*** million in the same period of fiscal ******. The uptick indicates steady activity in Australia’s textile manufacturing and furnishing sectors. Fibre imports (classified under code **) inched up to Au$** million, from Au$** million during the same period.



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India’s merchandise exports up 3.02% YoY during Apr-Sep 2025

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India’s merchandise exports up 3.02% YoY during Apr-Sep 2025



India’s total exports—merchandise and services combined—for September this year was estimated at $67.2 billion, registering a year-on-year (YoY) growth of 0.78 per cent.

Total imports for the month was an estimated $83.82 billion—a positive growth of 11.34 per cent YoY.

India’s total exports—merchandise and services—during April-September 2025 was estimated at $413.3 billion—a growth of 4.45 per cent YoY.
Total imports during the six months were worth an estimated $472.79 billion—a YoY growth of 3.55 per cent.
Merchandise exports during the six months were worth $220.12 billion—a 3.02-per cent YoY growth.
Merchandise imports during the period were worth $375.11 billion.

The country’s total exports during April-September this year was estimated at $413.3 billion—a growth of 4.45 per cent YoY. Total imports during the six months were worth an estimated $472.79 billion—a YoY growth of 3.55 per cent.

Merchandise exports during September 2025 were worth $36.38 billion compared to $34.08 billion in the same month last year. Merchandise imports during the month were worth $68.53 billion compared to $58.74 billion in September 2024.

Merchandise exports during April-September 2025 were worth $220.12 billion compared to $213.68 billion during the corresponding period last year—a 3.02-per cent YoY growth. Merchandise imports during the six months were worth $375.11 billion compared to $358.85 billion during April-September 2024.

Merchandise trade deficit during April-September 2025 was worth $154.98 billion compared to $145.18 billion during the corresponding period last year, a release from the Ministry of Commerce  and Industry said.

The top five export destinations in terms of change in value exhibiting positive YoY growth in September 2025 were the united Arab Emirates (24.33 per cent), Spain (150.81 per cent), China (34.18 per cent), Bangladesh (23.06 per cent) and Egypt (67.29 per cent).

The top five export destinations exhibiting positive YoY growth in April-September 2025 were the United States (13.37 per cent), UAE (9.39 per cent), China (21.96 per cent), Spain (40.33 per cent) and Hong Kong (23.53 per cent).

The top five import sources in terms of change in value recording YoY growth in September were Switzerland (254.57 per cent), UAE (32.83 per cent), China (16.35 per cent), Saudi Arabia (18.86 per cent) and Nigeria (896.11 per cent).

The top five import sources showing YoY growth in April-September 2025 were China (11.25 per cent), UAE (13.22 per cent), Ireland (200.09 per cent), the United States (9.03 per cent) and Hong Kong (19.99 per cent).

Fibre2Fashion News Desk (DS)



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OTB marks 20 years of Diesel in China with the opening of its new APAC headquarters in Shanghai

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OTB marks 20 years of Diesel in China with the opening of its new APAC headquarters in Shanghai


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October 17, 2025

Only The Brave reaffirms its long-term commitment to China with three initiatives that underscore the importance of the Chinese market for the international fashion and luxury group, which brings together the brands Diesel, Jil Sander, Maison Margiela, Marni, Viktor&Rolf, and the companies Staff International and Brave Kid, and holds a stake in the Amiri brand. In addition, founder Renzo Rosso says he will invest further in China.

Renzo Rosso in Shanghai for Diesel’s 20 years in China – OTB

The first initiative is the official opening of its new APAC headquarters in Shanghai, a region where OTB now has 900 employees and around 100 stores, spread across China, Hong Kong, and Macao. Attending the inauguration ceremony, alongside the group’s founder, Renzo Rosso, were the Consul General of Italy in Shanghai Tiziana D’Angelo and Shanghai’s Jing’an District authorities.

The new headquarters boasts double the space of its previous address and is located in the Lee Gardens building. Nestled in the heart of the city’s Jing’an District, it overlooks the scenic Suzhou Creek. According to a statement, the location and expansion of the offices reflect the group’s desire to strengthen its roots in China, as well as to offer the team increasingly modern and functional workspaces and to consolidate relationships with local partners.

The second initiative during Renzo Rosso’s visit to China was a talk for students at Donghua University, one of Asia’s most prestigious design and fashion universities, organised under the patronage of the Consulate General of Italy, Camera Nazionale della Moda Italiana, Altagamma, the Italian Trade Agency, and the Italian Cultural Institute.

A moment from Rosso's lecture at Donghua University
A moment from Rosso’s lecture at Donghua University – OTB

Third initiative: as 2025 marks the 20th anniversary of Diesel’s presence in China, where the brand has built a recognisable and coherent presence, an event was organised at the Fosun Foundation in Shanghai. The highlight of the event was the launch of a capsule collection titled “Diesel China 20th Anniversary”, designed by Creative Director Glenn Martens.

“China is a country with a unique energy; every time I come back here I am fascinated by its pace, creativity and speed,” said Renzo Rosso. “For our group, China is not only a strategic market, but an inexhaustible source of inspiration. Over the past two decades, we have expanded the presence of our brands and built an authentic dialogue with new generations who share the values of our brands. Our philosophy is to collaborate with local communities to merge brand know-how with the local mindset. The opening of the new Shanghai headquarters, meeting with young talent at Donghua University, and the celebrations of Diesel’s 20th anniversary represent a special moment for me and for the OTB Group […] We will continue to invest in China in the future.”

Shortly before the evening event in Shanghai, Rosso told Reuters that these investments in China will be made by his group despite the decline in the local market, and will take the form of a reorganisation of OTB’s retail presence. The entrepreneur revealed that some stores will be closed, but others will be opened in new and better locations.

Rosso with staff at OTB Group's new APAC headquarters in Shanghai
Rosso with staff at OTB Group’s new APAC headquarters in Shanghai – OTB

“I am optimistic. I think that if the Chinese market continues to proceed in this way, it could represent an opportunity, because we will be able to have better spaces at better prices, which wasn’t the case before,” Rosso told Reuters. “My current vision is to invest in the country. I believe in China; it’s so big, so important. We are doing well this year compared to the market,” he added. “Everyone is in decline; we have some growth, so we are quite satisfied.”

Over the years, the Veneto-based group has supported numerous initiatives and collaborations in China that have connected the creativity and values of its brands with designers, artists and local communities. Notable among these are the “Marni Miao” project, which celebrated the elegance and complexity of embroidery by reinterpreting the codes of the Miao minority through a contemporary lens, as well as the various capsule collections that Diesel has created in collaboration with Chinese designers such as Xander Zhou and Pronounce and celebrities such as William Chan and Chris Lee, along with events and music tours with local artists.

In addition, Maison Margiela has brought its experimental vision into dialogue with the country’s contemporary art and culture through new retail formats, pop-ups, installations and initiatives in different cities, while MM6 Maison Margiela has collaborated with designer Chen Peng.

Renzo Rosso
Renzo Rosso – OTB

In addition, OTB has long supported the new generation of Chinese talent. Renzo Rosso has in fact served on the jury of the BoF China Prize in 2019 and supported the launch of the Yu Prize competition, providing mentorship and coaching to support and develop the country’s young designers.

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