Abercrombie & Fitch Beats Profit Estimates with Record Q1 Sales Despite Middle East Headwinds
Abercrombie sales hit $1.1B, up 2%. Profits down but beat expectations. Asia grew strong, outlook steady, shares rose 4%.
Abercrombie sales hit $1.1B, up 2%. Profits down but beat expectations. Asia grew strong, outlook steady, shares rose 4%.
American Eagle Outfitters reports record Q4 sales up 10%, driven by Aerie's 23% comp growth and smart marketing. Shares dip despite beating estimates; FY2026 forecasts mid-single-digit sales rise amid tariff challenges.
Abercrombie & Fitch issued a cautious 2026 outlook, projecting 3–5% sales growth after factoring in the full 15% U.S. tariffs. Shares fell 5% in premarket trading.
Citi upgrades Abercrombie & Fitch to Buy, raising its price target to $135 and highlighting strong growth and cash flow potential in 2026.
Abercrombie & Fitch stock plunged after disappointing holiday sales results, triggering a broader selloff in retail stocks including American Eagle and Urban Outfitters.
Abercrombie & Fitch hiked its fiscal 2025 profit forecast to 10.20−10.50 after Q3 net sales reached $1.29B. Strong Hollister demand, resilient affluent spending, and an NFL partnership boost success.