Abercrombie & Fitch's (ANF) CEO Fran Horowitz has a message to consumers and Wall Street: we aren't the same company you once knew.
That was the overarching message TheStreet took away after chatting with Horowitz inside the New York Stock Exchange on Wednesday. Horowitz was in town to pitch Abercrombie's revival to a still skeptical Wall Street.
While Horowitz may still need to win Wall Street over, it should be getting easier to do so given her major wins in recent quarters.
Fourth quarter earnings smashed analyst estimates by 28 cents. Same-store sales at value brand Hollister spiked an unworldly 11%. The Abercrombie & Fitch brand continued its turnaround that began in mid-2017, notching a solid 5% same-store sales gain. Horowitz credits the sales revival to a renewed focus on product quality, clever marketing, better store shopping experiences and more social media engagement.
Shares of the apparel seller have surged 120% in one year's time. Not too shabby by any means.