Quarterly ResultMay 27, 2026, 07:32 AM
Abercrombie & Fitch Q1 Net Sales $1.1B, EPS $1.47; Repurchases $105M
AI Summary
Abercrombie & Fitch Co. reported record first-quarter net sales of $1.1 billion, a 2% increase from last year, marking its 14th consecutive quarter of growth. Diluted earnings per share reached $1.47, surpassing the company's outlook. The company repurchased $105 million in shares during the quarter, representing a 3% reduction in shares outstanding. While sales in the Americas and APAC regions showed strong growth, EMEA sales declined by 10% due to the Middle East conflict. The company maintained its full-year outlook for net sales growth and diluted EPS, and provided a positive second-quarter outlook.
Key Highlights
- Record Q1 net sales of $1.1 billion, up 2% year-over-year.
- Q1 diluted earnings per share of $1.47, exceeding outlook.
- Repurchased $105 million in shares, reducing shares outstanding by 3%.
- Americas net sales increased 3%, APAC net sales grew 24%.
- EMEA net sales declined 10% due to demand softening.
- Abercrombie brands sales grew 3%, Hollister brands sales were flat.
- Maintains full-year net sales growth outlook of 3% to 5%.
- Maintains full-year diluted EPS outlook of $10.20 to $11.00.
Price Impact
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