Abercrombie & Fitch Company (ANF)

Operating profit margin

		Feb 3, 2024	Oct 28, 2023	Jul 29, 2023	Apr 29, 2023	Jan 28, 2023	Oct 29, 2022	Jul 30, 2022	Apr 30, 2022	Jan 29, 2022	Oct 30, 2021	Jul 31, 2021	May 1, 2021	Jan 30, 2021	Oct 31, 2020	Aug 1, 2020	May 2, 2020	Feb 1, 2020	Nov 2, 2019	Aug 3, 2019	May 4, 2019
Operating income (ttm)	US$ in thousands	484,671	348,892	228,415	136,382	92,648	103,759	158,947	275,925	343,084	360,850	346,735	246,091	-20,469	-14,037	-58,174	-111,801	70,068	-12,583	-26,839	-29,558
Revenue (ttm)	US$ in thousands	4,280,679	4,027,579	3,851,233	3,720,979	3,697,747	3,659,287	3,684,363	3,744,122	3,712,765	3,673,455	3,587,948	3,421,426	3,125,380	3,187,890	3,231,709	3,374,459	3,623,072	3,299,716	3,278,658	3,168,479
Operating profit margin		11.32%	8.66%	5.93%	3.67%	2.51%	2.84%	4.31%	7.37%	9.24%	9.82%	9.66%	7.19%	-0.65%	-0.44%	-1.80%	-3.31%	1.93%	-0.38%	-0.82%	-0.93%

February 3, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $484,671K ÷ $4,280,679K
= 11.32%

The operating profit margin of Abercrombie & Fitch Company has shown fluctuating trends over the past several quarters. From May 2020 to Feb 2024, the operating profit margin ranged from a low of -3.31% to a high of 11.32%. The company experienced a significant improvement in its operating profit margin from negative percentages in early 2021 to positive figures in 2022 and 2023. However, the margin declined in the last three reported quarters.

The highest operating profit margin of 11.32% was achieved in Feb 3, 2024, indicating that for every dollar of sales, the company earned 11.32 cents in operating profit. This could suggest effective cost management or increased revenue generation during that period. On the other hand, the lowest operating profit margin of -3.31% in May 2, 2020, implies that the company incurred operating losses, potentially due to high operating expenses relative to sales.

Overall, the trend in operating profit margin suggests that Abercrombie & Fitch has been working on improving its operational efficiency, although challenges in maintaining consistent profitability persist. It would be important for the company to analyze the underlying factors contributing to these fluctuations and take strategic actions to sustain or enhance its operating profit margins in the future.