Abercrombie & Fitch Posts Record Sales but Faces Mixed Performance Across Brands
Abercrombie & Fitch (ANF) reported record fiscal second-quarter net sales of $1.27 billion, a 5% increase from the prior year and marking its 15th consecutive quarter of growth. However, while the Abercrombie brand saw an 8% rise in sales with strong comparable store performance, Hollister's comparable sales fell by 3%, despite achieving record net sales of $670 million. The company also benefited from a $100 million tariff refund that boosted operating margin and earnings per share. The firm raised its full-year sales outlook to approximately 5% growth from the previous range of 3%-5%. Regional performance was mixed, with APAC showing strong net sales growth but remaining smaller than other regions. Management noted improved back-to-school momentum for Hollister toward the end of the quarter. However, underlying profitability appears weaker when excluding tariff benefits. Hedge fund ownership in ANF has slightly declined to 36 funds as of Q2 2026.
Tickers: $ANF
Topics: brand performance retail sales growth