, Forecast Of The Day: Abercrombie & Fitch’s Hollister Revenue Per Square Foot, The Nzuchi News Forbes

Forecast Of The Day: Abercrombie & Fitch’s Hollister Revenue Per Square Foot

, Forecast Of The Day: Abercrombie & Fitch’s Hollister Revenue Per Square Foot, The Nzuchi News Forbes

What?

Trefis expects Abercrombie & Fitch’s (NYSE:ANF) Hollister stores revenue per square foot to rise from $520 in 2020 to $598 in 2021 and to $616 in 2022.

Why?

While revenues declined in 2020, due to the Covid-19 related lockdowns, the company is seeing a nice recovery in demand this year, with vaccination rates picking up and people heading outdoors.

So What?

, Forecast Of The Day: Abercrombie & Fitch’s Hollister Revenue Per Square Foot, The Nzuchi News Forbes

However, we think the recovery is fully priced into Abercrombie & Fitch stock, which remains up by almost 2x year-to-date. We value the stock as $42 per share, in line with the market price..

See Our Complete Analysis For Abercrombie & Fitch

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