Quarterly ResultMay 27, 2026, 07:46 AM
Abercrombie & Fitch Q1 Net Sales $1.1B, EPS $1.47; Maintains FY Outlook
AI Summary
Abercrombie & Fitch Co. announced record first-quarter fiscal 2026 results, with net sales reaching $1.1 billion, a 2% increase year-over-year, marking its 14th consecutive quarter of growth. Earnings per diluted share were $1.47, surpassing the company's outlook. Growth was strong in the Americas and APAC, but EMEA experienced a 10% decline due to softened demand. The company maintained its full-year outlook for net sales growth and diluted EPS, and repurchased $105 million in shares during the quarter.
Key Highlights
- Abercrombie & Fitch Co. reported record Q1 net sales of $1.1 billion, up 2% year-over-year.
- Net sales growth was led by Americas up 3% and APAC up 24%, partially offset by a 10% decline in EMEA.
- Abercrombie brands grew 3%, while Hollister brands were flat.
- Operating margin was 8.0%, with earnings per diluted share of $1.47, exceeding the outlook range.
- The company repurchased $105 million in shares during the quarter, reducing shares outstanding by 3%.
- Full-year outlook for net sales growth is maintained at 3% to 5%, with diluted EPS of $10.20 to $11.00.
- Second-quarter outlook projects net sales growth of 2% to 4% and diluted EPS of $1.80 to $2.00.
- Cash and equivalents stood at $594 million as of May 2, 2026.
Price Impact
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