Apparel Retailers Have Delivered Strong Top Line Growth
Abercrombie & Fitch (ANF) delivered YoY (year-over-year) sales growth in both the first and second quarters of fiscal 2018 (with its second quarter ending on August 4). Strength in the sales of its Hollister and Abercrombie & Fitch brands, international operations, and direct-to-customer sales were the company’s primary growth catalysts. American Eagle Outfitters (AEO) beat the revenue estimates for both its first and second fiscal quarters while reporting YoY growth of 8.0% and 14.2%, respectively.