Abercrombie & Fitch Shares Jump Over 35% After Strong Q2 Results
Shares of Abercrombie & Fitch (NYSE: ANF) surged more than 35% on Wednesday following the company's announcement that it is raising its full-year profit forecast. The retailer reported a 5% year-over-year increase in net sales to $1.3 billion for Q2 fiscal 2026, marking its 15th consecutive quarter of growth. The strong performance was driven by broad-based gains across all major geographic regions and both the Abercrombie and Hollister brands. Notably, the Asia-Pacific segment saw a significant sales increase of 19%, while Hollister's partnership with Target helped expand into new product categories like home decor. The company also benefited from $100 million in tariff refunds. Abercrombie & Fitch reported an operating income of $253 million and adjusted earnings per share rose to $4.17, up significantly from the prior year's $2.32. Management has returned a large portion of these profits to shareholders through buybacks totaling $282 million so far in 2026.
Topics: apparel retail stock_performance