Abercrombie & Fitch stock rises after Q1 earnings beat, record first-quarter sales, and continued share repurchases.
Stock Earnings Results
May 27, 2026
Table of Contents
Abercrombie & Fitch Co. (NYSE: ANF) rose 11.55% after reporting first-quarter fiscal 2026 results above earnings expectations, supported by record first-quarter sales, growth in the Americas and APAC, and continued share repurchases.
Abercrombie & Fitch is an apparel retailer that operates Abercrombie, Abercrombie kids, Hollister, and Gilly Hicks, selling casual apparel, activewear, accessories, and lifestyle products.
The company reported EPS of $1.47, above estimates of $1.26, representing a 16.7% earnings surprise. Revenue came in at $1.11 billion, slightly below estimates of $1.12 billion, with revenue growth of 1.5%.
Abercrombie reported first-quarter net sales of $1.1 billion, up 2% from the prior-year quarter.
This marked the company’s 14th consecutive quarter of net sales growth.
Sales growth was led by the Americas and APAC.
Americas net sales rose 3% to $899.9 million.
APAC net sales increased 24% to $46.5 million.
EMEA net sales declined 10% to $167.4 million.
Comparable sales declined 1% companywide, showing that the headline sales growth was not fully matched by same-store momentum.
By brand family, Abercrombie brands grew 3% to $564.7 million.
Hollister brands were roughly flat at $549.1 million, with comparable sales down 2%.
Operating income was $89 million, compared with $102 million in the prior-year quarter.
Operating margin fell to 8.0% from 9.3% last year, showing some profitability pressure despite record first-quarter sales.
Net income per diluted share was $1.47, compared with $1.59 in the prior-year quarter.
While earnings declined year-over-year, EPS exceeded the company’s outlook range and beat analyst expectations.
Abercrombie repurchased 1.2 million shares for approximately $105 million during the quarter.
That represented about 3% of shares outstanding at the beginning of the year. The company had $745 million remaining under its share repurchase authorization.
Abercrombie maintained its full-year outlook.
The company expects net sales growth of 3% to 5% and diluted EPS of $10.20 to $11.00. It also expects around $450 million in share repurchases for the year.
For the second quarter, Abercrombie expects net sales growth of 2% to 4%, diluted EPS of $1.80 to $2.00, and at least $150 million in share repurchases.
Investors are likely to watch whether Abercrombie can sustain sales growth while rebuilding margins.
The key areas are:
Abercrombie’s quarter was mixed but better than feared.
The company delivered record first-quarter sales and beat earnings expectations, but comparable sales declined and operating margin compressed. The stock reaction likely reflected the EPS beat, steady full-year outlook, and continued buybacks.
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