Abercrombie & Fitch Reports Record Q2 Earnings with Strong Sales Growth
Abercrombie & Fitch (ANF) reported record second-quarter net sales of $1.27 billion, a 5% increase driven by strong performance in both the Abercrombie and Hollister brands. The company's operating margin reached 19.9%, bolstered by tariff refunds under IEEPA and improved gross margins. The firm raised its full-year guidance for net sales to around $5.27 billion, with a projected growth of approximately 5%. It also increased EPS guidance to between $13.10 and $13.60 per share due to confidence in bottom-line performance. Abercrombie & Fitch plans at least $500 million in share repurchases for the year.
Tickers: $ANF
Topics: financial_performance guidance retail