From Nasdaq: 2024-06-07 07:59:00

Abercrombie & Fitch Co. is soaring after a record first quarter, exceeding sales expectations. Comparable-store-sales increased, gross profit rate rose, and inventories remained stable. Sales guidance was raised, and analysts are bullish on earnings growth for 2024 and 2025. Shares have surged 402% in the last year, appealing to investors seeking a hot retail stock.

Contrastingly, Havertys faces challenges due to a slow housing market. Earnings are projected to decline in 2024. The company reported an earnings miss for the first quarter, with sales and comparable store sales down. Despite some positive signs like improved gross margins, analysts have lowered earnings estimates for both 2024 and 2025. Shares have fallen 25.5% year-to-date, leading to a high dividend yield but reflecting the company’s struggles.



Read more at Nasdaq: Abercrombie & Fitch and Havertys have been highlighted as Zacks Bull and Bear of the Day