ANF Stock Recent News

Dylan Carden, William Blair analyst, joins 'Money Movers' to discuss Abercrombie surging on its Q1 beat, tariff impact on the retail sector and consumer trends.

U.S. equities were lower at midday as the market awaited the release of the latest Federal Reserve minutes and the much-anticipated after-the-bell earnings report from Nvidia (NVDA). The Dow Jones Industrial Average, S&P 500, and Nasdaq all declined.

Here's why investors are picking up shares of Abercrombie despite a disappointing outlook. Transcript: Despite beating Wall Street estimates for both its top and bottom lines in Q1, Abercrombie & Fitch slashed its profit outlook, and it's blaming tariffs.

Abercrombie & Fitch (NYSE:ANF) shares popped more than 22% after the clothing retailer posted record first quarter sales of $1.1 billion, led by growth in its Hollister brand. First quarter sales were up 8% from the year-ago quarter, as Hollister sales jumped 22% to approximately $549 million.

Home Depot, whose first-quarter earnings fell just below analyst expectations despite beating revenue projections, according to FactSet, reported the company will hold onto its forecast for full-year sales. Chief Financial Officer Richard McPhail told CNBC that, “because of our scale” and Home Depot's “great partnerships” with suppliers, the company plans to “generally maintain our current pricing levels across our portfolio.

Jharrone Martis believes there's pockets of strength in the retail space. She points investors to Abercrombie & Fitch's (ANF) 25% rally after earnings that showed strong sales from Hollister.

Abercrombie & Fitch Co. (NYSE:ANF ) Q1 2025 Earnings Conference Call May 28, 2025 8:30 AM ET Company Participants Mo Gupta - Investor Relations Fran Horowitz - Chief Executive Officer Robert Ball - Chief Financial Officer Scott Lipesky - Chief Operating Officer Conference Call Participants Dana Telsey - Telsey Advisory Group Corey Tarlowe - Jefferies Matthew Boss - JPMorgan Marni Shapiro - The Retail Tracker Alex Stratton - Morgan Stanley Mauricio Serna - UBS Rick Patel - Raymond James Janet Kloppenburg - JJK Research Associates, Inc. Operator Good day, and welcome to the Abercrombie & Fitch First Quarter Fiscal Year 2025 Earnings Call. At this time, all participants are in a listen-only mode.

Although the revenue and EPS for Abercrombie (ANF) give a sense of how its business performed in the quarter ended April 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Abercrombie & Fitch shares soared 25% on Wednesday after the retailer reported stronger-than-expected first-quarter results and raised its full-year revenue forecast. The stock jump came even as the company slashed its profit guidance due to the impact of tariffs, which are forecast to reduce its annual earnings by $50 million.

U.S. stocks traded higher this morning, with the Dow Jones index jumping around 100 points on Wednesday.