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.
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.
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..
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