ANF

This article first appeared on GuruFocus. Net Sales: $1.1 billion, up 2% year-over-year. Operating Margin: 8%, exceeding the plan. Earnings Per Share (EPS): $1.47, above the expected range. Share Repurchases: $105 million, representing 3% of shares outstanding. Regional Sales Performance: Americas up 3%, APAC up 24%, EMEA down 10%. Abercrombie Brands Net Sales Growth: 3% with flat comparable sales. Hollister Brands Net Sales: Flat with a 2% decline in comparable sales. Inventory: Down 2% at cost, with low single-digit unit growth. Cash and Cash Equivalents: $594 million with liquidity of approximately $1 billion. Full Year Net Sales Growth Outlook: 3% to 5%. Full Year Operating Margin Outlook: 12% to 12.5%. Capital Expenditures: Expected around $225 million. Store Openings and Closures: 50 new stores, 20 closures, net store openers. Second Quarter Net Sales Growth Outlook: 2% to 4%. Second Quarter Operating Margin Outlook: Around 10%. Warning! GuruFocus has detected 7 Warning Signs with BMO. Is ANF fairly valued? Test your thesis with our free DCF calculator. Release Date: May 27, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Abercrombie & Fitch Co (NYSE:ANF) delivered record Q1 net sales of $1.1 billion, marking the 14th consecutive quarter of growth. The company exceeded expectations on both operating income and earnings per share, with EPS reaching $1.47. The Americas region saw a 3% sales increase, with strong performance across brands and good traffic levels in both stores and digital channels. Abercrombie Brands achieved a 3% net sales growth, driven by positive customer response to spring assortments and consistent traffic and conversion levels. The company successfully launched an upgraded merchandising ERP, which is expected to enable long-term channel and category expansion. Sales in the EMEA region declined by 10% due to regional conflicts, particularly impacting the Middle East and other European markets. Comparable sales for the quarter were down 1%, with Hollister Brands experiencing flat net sales and a 2% decline in comparable sales. The company faced a 130 basis point year-over-year decline in operating margin, primarily due to increased marketing investment and ERP implementation costs. Tariff expenses and elevated freight costs are expected to continue impacting gross margins thro...

Earnings season is winding down, with nearly all first quarter reports in the rearview mirror. S&P 500 companies have largely reported solid results and printed profits so far, even amid ongoing risks from the Iran war. The index is on track for double-digit earnings growth. This week, market watchers will get some fresh updates from computer hardware companies, software companies, and retail companies, among others. Zscaler (ZS), Marvell Technology (MRVL), Salesforce (CRM), Costco Wholesale (COST), Abercrombie & Fitch (ANF), and Dell Technologies (DELL) are among the companies reporting this week.

Image source: The Motley Fool. Wednesday, May 27, 2026 at 8:30 a.m. ET Chief Executive Officer — Fran Horowitz-Bonadies Chief Financial Officer — Robert Ball Fran Horowitz-Bonadies: Thanks, Mo, and thanks, everyone, for joining. I'm happy to report that, once again, we delivered against our commitments, growing net sales for the 14th consecutive quarter setting a record Q1 despite headwinds in the Middle East and other select countries in EMEA. On the bottom line, our first quarter results exceeded expectations on both operating income and earnings per share. We're seeing good progress against our company priorities so far in 2026, led by net sales growth across brands in the Americas and other key markets like the U.K. We successfully launched our upgraded merchandising ERP, which will enable long-term channel and category expansion, and we continue to make strategic investments in marketing, digital and stores to drive profitable growth. One quarter in, the team continues to stay agile in a dynamic global environment, and 2026 is shaping up to be another year of consistent progress as we maintain our full year outlook on net sales, operating margin and earnings per share. Recapping the first quarter. We delivered record net sales of $1.1 billion on growth of 2% to last year, in line with our expectations. Operating margin of 8% exceeded our plan, reflecting slightly lower tariff rates. Earnings per share of $1.47 was above our expected range, and we used our strong balance sheet to return $105 million to shareholders through share repurchases totaling 3% of shares outstanding as of the beginning of the year. Regionally, the Americas grew 3% with growth across brands and good traffic levels in both stores and digital. In EMEA, continued growth in the U.K. was more than offset by declines in the Middle East and other European markets as the regional conflict ramped up, driving EMEA sales down 10% for the quarter. The team has taken action by controlling receipts and dialing in promotions to align to the trend. In APAC, we grew 24% on top of 5% growth last year, and our strategic evaluation of the region is underway to ensure we fully capitalize on the large addressable market there. From a brand perspective, Abercrombie Brands delivered net sales growth of 3% for the quarter on flat comparable sales. We delivered positive AURs in the quarter on solid custome...

Investing.com -- Abercrombie & Fitch Co. (NYSE: ANF) reported first-quarter results that exceeded earnings expectations while revenue fell slightly short, sending shares up 4.3% premarket as investors focused on the company's profitability. The retailer posted adjusted earnings per share of $1.47, beating the analyst consensus of $1.29 by $0.18. However, revenue of $1.1 billion came in below the $1.12 billion estimate, though it represented a 2% increase from the prior year period. The company achieved an operating margin of 8.0% with comparable sales declining 1%. Regional performance was mixed, with Americas net sales rising 3% and APAC surging 24%, while EMEA declined 10% as demand softened amid the Middle East conflict. By brand, Abercrombie grew 3% while Hollister remained flat compared to last year. "We delivered record first quarter net sales and our 14th consecutive quarter of growth, reflecting our teams' consistent execution for our customers amid a dynamic global environment," said CEO Fran Horowitz. "Our bottom-line results reflect discipline and consistency, with both operating margin and earnings per diluted share exceeding our outlook." For the second quarter, Abercrombie expects net sales growth of 2% to 4% with earnings per share of $1.80 to $2.00. The midpoint of $1.90 compares to the analyst consensus, though no specific estimate was provided for the second quarter. The company maintained its full-year outlook, projecting net sales growth of 3% to 5% and earnings per share of $10.20 to $11.00. The midpoint of $10.60 falls below the analyst consensus of $10.71. The company expects to repurchase around $450 million in shares for the year. Related articles Abercrombie & Fitch gains on earnings beat despite revenue miss Citi pushes back Fed rate cuts to May after blowout January jobs report Morgan Stanley CIO survey: Why AI hype isn’t boosting 2026 IT budgets

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Delivered a record first quarter with net sales growth for the 14th consecutive period, driven by strong execution in the Americas and APAC. Performance attribution highlights a robust consumer response to spring assortments and elevated lifestyle positioning, particularly within the Abercrombie brands. EMEA results were significantly impacted by the conflict in the Middle East, which reduced total company net sales growth by more than 50 basis points. Successfully implemented a multiyear merchandising ERP upgrade in March, which is expected to accelerate global partner onboarding and category expansion. Strategic positioning remains focused on 'fashion and value' across both brands, maintaining high conversion rates despite a dynamic macro environment. Operational agility was demonstrated through proactive inventory management and promotional alignment in regions experiencing softer demand trends. The company continues to invest in physical store expansion, citing the new SoHo flagship as the 'best expression' of the brand's evolved lifestyle identity. Full year guidance assumes a 15% tariff on all global imports into the U.S. effective for the second half of the year, impacting gross margins by approximately 20 basis points. Management expects a fourth consecutive year of net sales growth, with Q2 growth projected between 2% and 4% as ERP-related third-party order pauses resume. Operating margin targets of 12% to 12.5% remain unchanged, with modest AUR improvement expected to fund ongoing investments in marketing and digital tools. Strategic evaluation of the APAC region is underway to optimize the go-to-market model, potentially shifting toward capital-light partnerships or franchises. Capital allocation priorities include returning approximately $450 million to shareholders via share repurchases and investing $225 million in capital expenditures. The merchandising ERP implementation temporarily reduced Q1 top-line growth by approximately 100 basis points due to a pause in third-party orders. Freight costs provided a 180 basis point tailwind in Q1 but are expected to flip to a headwind in the second half of the year due to rising fuel prices. Management has applied for approximately $100 million in IEEPA...

Abercrombie & Fitch reported first-quarter earnings per diluted share of $1.47, beating analyst expectations and sending ANF stock up in premarket trading on Wednesday. The consensus analyst estimate had been $1.27 per share, per Yahoo Finance. Net sales rose 2% from a year earlier to $1.1 billion, marking the company's 14th consecutive quarter of sales growth, the company said. Wall Street had been looking for $1.12 billion in quarterly revenue, meaning the result came in just below expectations, per Markets Financial Content. Profitability narrowed on a year-over-year basis, with the operating margin slipping to 8% from 9.3% twelve months prior. Growth varied by region. Sales in the Americas rose 3% to $899.9 million, while Asia-Pacific sales jumped 24% to $46.5 million. Revenue in the EMEA region fell 10% to $167.4 million. The company said this drop was due to weaker consumer sentiment from the ongoing Middle East conflict, which especially affected the Hollister brand. "In EMEA, demand softened as the Middle East conflict ramped up, particularly impacting Hollister Brands, and we are proactively managing inventory and marketing to support the region," CEO Fran Horowitz said in a statement. After the Supreme Court struck down the tariffs, Abercrombie requested about $100 million in refunds for duties it had paid under the International Emergency Economic Powers Act, according to Reuters. The new tariff outlook is expected to reduce full-year results by about 20 basis points, which is much better than the 70 basis points the company had forecast earlier. Abercrombie repurchased $105 million in stock during the quarter, representing a 3% reduction in shares outstanding from the start of the year. The company said it has $745 million remaining on its share repurchase authorization. For the full year, Abercrombie maintained its outlook for net sales growth of 3% to 5% and net income per diluted share in the range of $10.20 to $11.00. For the second quarter, the company forecast net sales growth of 2% to 4% and earnings per diluted share of $1.80 to $2.00. Heading into Wednesday's open, ANF shares were trading roughly 4% higher, though the stock remains down more than 40% on a year-to-date basis, according to Reuters.

Record first quarter net sales of $1.1 billion, up 2% from last year, 14th consecutive quarter of growth Net sales growth led by Americas up 3%, APAC up 24%, partially offset by 10% decline in EMEA Brand performance led by Abercrombie brands growth of 3%, with Hollister brands flat Operating margin of 8.0%, with earnings per diluted share of $1.47 exceeding outlook range $105 million in shares repurchased in the quarter; 3% of shares outstanding at beginning of the year Maintains full-year outlook to net sales growth of 3% to 5%, net income per diluted share of $10.20 to $11.00, share repurchases of around $450 million Second quarter outlook of net sales growth of 2% to 4%, net income per diluted share of $1.80 to $2.00, at least $150 million in share repurchases NEW ALBANY, Ohio, May 27, 2026 (GLOBE NEWSWIRE) -- Abercrombie & Fitch Co. (NYSE: ANF) today announced results for the first quarter ended May 2, 2026. These compare to results for the first quarter ended May 3, 2025. Descriptions of the use of non-GAAP financial measures and reconciliations of GAAP and non-GAAP financial measures accompany this release. Fran Horowitz, Chief Executive Officer, said, “We delivered record first quarter net sales and our 14th consecutive quarter of growth, reflecting our teams’ consistent execution for our customers amid a dynamic global environment. Results were driven by continued growth in the Americas, led by Abercrombie Brands, along with strong growth in APAC. In EMEA, demand softened as the Middle East conflict ramped up, particularly impacting Hollister Brands, and we are proactively managing inventory and marketing to support the region. Our bottom-line results reflect discipline and consistency, with both operating margin and earnings per diluted share exceeding our outlook. We continued to invest in stores and marketing to strengthen our brands and customer experiences, while also returning $105 million to shareholders through share repurchases, supported by our strong balance sheet. On our first-quarter progress, we are maintaining our full-year sales and operating margin outlook. With our customer at the center of everything we do and a strong foundation in place, we remain on offense across product and marketing and are confident in our path to deliver full-year net sales growth across brands, double-digit operating margins, strong cash flow and earnings...

Abercrombie & Fitch Co. ANF posted first-quarter fiscal 2026 results, wherein the top line lagged the Zacks Consensus Estimate while the bottom line surpassed the same. Meanwhile, the company’s sales increased year over year, earnings fell. Abercrombie’s earnings per share (EPS) of $1.47 in the fiscal first quarter fell 7.5% from the year-ago quarter. However, the bottom line beat the Zacks Consensus Estimate of $1.26 per share.Net sales rose 2% year over year to $1.11 billion but came below the Zacks Consensus Estimate of $1.12 billion. The quarter marked 14th straight quarter of sales growth. Results were driven by higher sales in the Americas and a sharp acceleration in APAC, partially offset by weaker demand in EMEA. Comparable sales dipped 1% on a constant-currency basis, reflecting a softer regional mix despite continued growth in key markets. Americas net sales increased 3% year over year to $899.9 million, supported by 1% comparable-sales growth. APAC was the standout in growth rate, with net sales up 24% to $46.5 million and comparable sales up 15%. In contrast, EMEA net sales declined 10% to $167.4 million and comparable sales fell 11%, which management tied to softer demand as the Middle East conflict ramped up, particularly impacting the Hollister brands in the region. Our model expects revenues growth of 3.3% in Americas and 3.9% in EMEA but down 7.6% in APAC. ANF's shares have increased more than 10% following the company's quarterly results. This Zacks Rank #4 (Sell) stock has lost 14.7% in the past three months compared with the industry's 9.1% drop. Abercrombie & Fitch Company price-consensus-eps-surprise-chart | Abercrombie & Fitch Company Quote By brand, Abercrombie net sales rose 3% to $564.7 million, while Hollister net sales were essentially flat at $549.1 million. Our model predicted sales growth of 2.1% for the Abercrombie brand and 4% for Hollister.The brand split underscores that the company’s growth in the quarter was concentrated in Abercrombie, while Hollister held revenues steady but faced pressure in comparable sales. Comparable sales were flat for Abercrombie and down 2% for Hollister. Selling expenses increased 7.8% to $431.2 million and rose 230 basis points (bps) to 38.7% of net sales, while general and administrative expense increased 4.5% to $182.8 million and moved up 50 bps year over year to 16.4% of sales.Operating inc...

Abercrombie & Fitch will report its fiscal Q1 earnings today. Last week, Raymond James trimmed its price target for Abercrombie & Fitch to $92 from $110. Raymond James warned that weaker discretionary spending and higher gas prices could pressure Hollister’s budget-conscious shoppers. Abercrombie & Fitch Co. (ANF) stock gained in premarket on Wednesday ahead of its fiscal first-quarter (Q1) earnings as investors and retail traders focus on whether the apparel retailer can sustain its profitability gains amid a tougher retail backdrop. Shares of the company have declined each month since March. The upcoming earnings report arrives as analysts debate whether the company’s margin expansion can withstand increasing promotional activity across the teen apparel industry. See what 10M+ investors are talking about. Get the Stocktwits Daily Rip for what retail is watching right now, free to your inbox Last week, Raymond James trimmed its price target for Abercrombie & Fitch to $92 from $110, citing growing concerns about weaker performance trends at the company’s Hollister brand. The reduced price target still implies a 23% upside to the stock’s closing price on Tuesday. Analysts pointed to slowing customer activity across stores and digital channels, heavier promotional activity, and softer apparel demand signals in Europe as key risks weighing on the retailer’s near-term outlook. Raymond James said Hollister could face more difficulties as budget-conscious shoppers cut back on non-essential spending. Analysts added that higher gas prices may put extra pressure on the brand’s younger, price-sensitive customers. The firm also pointed to rising discounts across clothing categories, suggesting retailers are depending more on price cuts to attract shoppers in a highly competitive market. Abercrombie & Fitch stock traded over 3% higher in Wednesday’s premarket. After climbing to a 52-week high above $133 in early January, Abercrombie shares have retreated nearly 40%, trading near the upper-$70 range. Analysts see Abercrombie & Fitch to report a Q1 revenue of $1.12 billion with $1.28 earnings per share, according to Fiscal AI data. The company expects Q1 sales to grow in teh range of 1% to 3% with EPS between $1.20 to $1.30. On Stocktwits, retail sentiment around the stock shifted to ‘bullish’ from ‘neutral’ territory. A user said, “Reluctantly sold my $CROX to buy more $...

Abercrombie & Fitch (ANF) came out with quarterly earnings of $1.47 per share, beating the Zacks Consensus Estimate of $1.26 per share. This compares to earnings of $1.59 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +16.36%. A quarter ago, it was expected that this teen clothing retailer would post earnings of $3.56 per share when it actually produced earnings of $3.68, delivering a surprise of +3.37%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Abercrombie, which belongs to the Zacks Retail - Apparel and Shoes industry, posted revenues of $1.11 billion for the quarter ended April 2026, missing the Zacks Consensus Estimate by 0.48%. This compares to year-ago revenues of $1.1 billion. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Abercrombie shares have lost about 40.6% since the beginning of the year versus the S&P 500's gain of 9.8%. While Abercrombie has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Abercrombie was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #...

Interested in Abercrombie & Fitch Company? Here are five stocks we like better. Abercrombie & Fitch posted record Q1 fiscal 2026 results, with net sales of $1.1 billion, operating margin of 8%, and EPS of $1.47 all coming in above expectations. The company also extended its streak to 14 consecutive quarters of net sales growth and kept its full-year guidance unchanged. EMEA weakness was the main drag on growth, as conflict in the Middle East and softer demand in parts of Europe caused regional sales declines that offset gains in the Americas and APAC. Management said it is adjusting inventory, receipts, and promotions to match demand trends in those markets. Tariffs, freight, and investments are shaping margins, but share buybacks continue, with the company now assuming lower full-year tariff pressure than previously expected and still targeting about $450 million in repurchases for fiscal 2026. It also completed its ERP upgrade and is testing AI tools to support future efficiency and growth. 5 Stocks Using Buybacks to Drive Serious Upside Into 2026 Abercrombie & Fitch (NYSE:ANF) reported record first-quarter fiscal 2026 net sales and maintained its full-year outlook, even as geopolitical pressure in the Middle East and parts of Europe weighed on results in the EMEA region. Chief Executive Officer Fran Horowitz said the company delivered its 14th consecutive quarter of net sales growth, with first-quarter sales reaching $1.1 billion, up 2% from a year earlier. Operating margin was 8%, above the company’s plan, while diluted earnings per share came in at $1.47, also above the company’s expected range. → Voya Financial Grows Earnings Across All 3 Business Segments Why the American Eagle Stock Rally Isn't Just Speculation “One quarter in, the team continues to stay agile in a dynamic global environment,” Horowitz said. She added that 2026 is “shaping up to be another year of consistent progress” as the company maintained its outlook for net sales, operating margin and earnings per share. By region, first-quarter net sales rose 3% in the Americas and 24% in APAC, while EMEA sales declined 10%. Chief Financial Officer Robert Ball said EMEA demand was “directly impacted” as conflict in the Middle East ramped up, reducing total company net sales growth by more than 50 basis points relative to the company’s prior outlook. → SpaceX Gets the Attention, But These 4 Sto...

Interested in Abercrombie & Fitch Company? Here are five stocks we like better. Abercrombie & Fitch delivered another strong earnings beat in Q1 and extended its streak of sales growth to 14 consecutive quarters, sending shares up 12%. Results were driven by continued strength in the Americas and growth in the Asia-Pacific region, while the ongoing conflict in the Middle East weighed on consumer demand in EMEA. With shares are still down more than 30% year to date, the retailer’s strong earnings performance, continued sales growth, and discounted valuation relative to peers could make the recent pullback look increasingly attractive to investors. Abercrombie & Fitch Co. (NYSE: ANF) surged Wednesday after the retailer delivered another quarter of better-than-expected earnings and extended its streak of sales growth to 14 consecutive quarters. Shares of the apparel and accessories retailer, whose core brands include Abercrombie and Hollister, jumped about 12% following the report, helping revive momentum in a stock that has been under heavy pressure in recent months. → Rocket Lab Keeps Making Headlines and Highs—Here's What's Driving the Latest Move Abercrombie reported first-quarter earnings of $1.47 per share, down from $1.59 a year earlier, though the result handily topped Wall Street expectations for $1.26 per share. Revenue rose 1.5% year over year to $1.1 billion, but was roughly $8.2 million short of analysts’ estimates. Operating margin was 8% of sales, above the company’s outlook of around 7%. Results were supported by strength in the Americas, where sales rose 3%, and the Asia-Pacific (APAC) region, which posted 24% growth. The company saw weakness in Europe, the Middle East, and Africa (EMEA), however, as the ongoing conflict in the Middle East weighed on consumer demand. → Quantum Stocks Just Got a Lifeline—Who Benefits Most? In terms of brand performance, Abercrombie brands posted 3% year-over-year net sales growth, while Hollister reported flat net sales and a 2% decline in comparable sales. The company also said it completed the implementation of its upgraded merchandising enterprise resource planning (ERP) system, helping to ease investor concerns about further disruptions tied to the transition. → 5 Stocks Winning the AI Race While Everyone Watches NVIDIA Abercrombie issued a second-quarter outlook and reiterated its full-year guidance. For th...