| Stage | ANF | % of rev | VSXY | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $1.3B | 100.00% | $1.6B | 100.00% | VSXY ×1.27 |
| Gross profit | $901M | 71.10% | $759M | 47.11% | ANF +24.0pp |
| Operating income | $253M | 19.95% | $257M | 15.95% | ANF +4.0pp |
| Pre-tax income | $260M | 20.55% | $248M | 15.39% | ANF +5.2pp |
| Net income | $186M | 14.65% | $188M | 11.67% | ANF +3.0pp |
| Stage | ANF | VSXY | Gap · A − B |
|---|---|---|---|
| Revenue | $1.3B100.00% | $1.6B100.00% | VSXY ×1.27 |
| Gross profit | 71.10%$901M | 47.11%$759M | ANF +24.0pp |
| Operating income | 19.95%$253M | 15.95%$257M | ANF +4.0pp |
| Pre-tax income | 20.55%$260M | 15.39%$248M | ANF +5.2pp |
| Net income |
| 14.65%$186M |
| 11.67%$188M |
| ANF +3.0pp |