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Abercrombie & Fitch (ANF) underestimated itself when it came to tariffs. The company posted an earnings beat after initially telling customers to expect weakness.
Abercrombie & Fitch (ANF) came out with quarterly earnings of $1.59 per share, beating the Zacks Consensus Estimate of $1.35 per share. This compares to earnings of $2.14 per share a year ago.
Retailers are shaking up Wall Street, with earnings reports from Macy's Inc (NYSE:M), Abercrombie & Fitch Co (NYSE:ANF), and Dick's Sporting Goods Inc (NYSE:DKS) offering mixed signals on the impact of tariffs, consumer demand, and operational resilience.
Abercrombie & Fitch (ANF) shares surged 27% in premarket trading Wednesday after the apparel retailer reported better first-quarter results than analysts had expected.
Stock heads for best day in two years after a quarterly earnings beat, fueled by a big jump in Hollister sales and an improved sales-growth outlook.
Abercrombie & Fitch beat expectations on the top and bottom lines but slashed its profit guidance as it prepares for the impact of tariffs. The company is now expecting full year earnings per share to be between $9.50 and $10.50, down from a previous range of between $10.40 and $11.40.
This company reported before the bell this morning, but it walks in the report with the worst Zacks Rank.
Shares of the apparel retailer climb after adjusted earnings and net sales top expectations.
Abercrombie & Fitch on Wednesday beat estimates for first-quarter sales, as its move to introduce fresh styles such as printed jeans and dresses helped in drawing more shoppers, sending shares of the apparel maker up about 26% in premarket trading.
NEW ALBANY, Ohio, May 28, 2025 (GLOBE NEWSWIRE) -- Abercrombie & Fitch Co. (NYSE: ANF) today announced results for the first quarter ended May 3, 2025. These compare to results for the first quarter ended May 4, 2024. Descriptions of the use of non-GAAP financial measures and reconciliations of GAAP and non-GAAP financial measures accompany this release.