Abercrombie & Fitch reports ‘record’ Q1 net sales

Abercrombie saw “record” Q1 nett income of $1.1bn, up 2% compared to the aforesaid play past year. This was besides Abercrombie’s 14^th consecutive 4th of growth.

Sales maturation was led by the Americas, wherever income accrued 3% and APAC, which saw maturation of 24%. These results were partially offset by a 10% diminution successful income successful EMEA, which the marque attributed to the ongoing struggle successful the Middle East.

The institution saw an operating borderline of 8.0%, with diluted net per stock of $1.47, which exceeds the outlook range.

Operating income decreased to $89m compared to past year, erstwhile it reached $102m.

“We delivered grounds first-quarter nett income and our 14th consecutive 4th of growth, reflecting our teams’ accordant execution for our customers amid a dynamic planetary environment. Results were driven by continued maturation successful the Americas, led by Abercrombie Brands, on with beardown maturation successful APAC,” Fran Horowitz, main enforcement serviceman astatine the company, explained.

“In EMEA, request softened arsenic the Middle East struggle ramped up, peculiarly impacting Hollister Brands, and we are proactively managing inventory and selling to enactment the region.

"Our bottom-line results bespeak subject and consistency, with some operating borderline and net per diluted stock exceeding our outlook. We continued to put successful stores and selling to fortify our brands and lawsuit experiences, portion besides returning $105m to shareholders done stock repurchases, supported by our beardown equilibrium sheet.”

The group’s Abercrombie marque saw maturation of 3%, portion its Hollister marque was flat.

What adjacent for Abercrombie?

Abercrombie expects nett income to turn betwixt 3% and 5% for FY 2026 and to spot Q2 nett income turn betwixt 2% and 4%. It expects nett income per diluted stock betwixt $1.80 and $2.00 and astatine slightest $150m successful stock repurchases.

Horowitz added: “On our first-quarter progress, we are maintaining our full-year income and operating borderline outlook. With our lawsuit astatine the centre of everything we bash and a beardown instauration successful place, we stay connected offence crossed merchandise and selling and are assured successful our way to present full-year nett income maturation crossed brands, double-digit operating margins, beardown currency travel and net per stock maturation to make semipermanent worth for shareholders.”

The update follows soon aft Abercrombie reported accrued costs for the afloat twelvemonth ending 31 January 2026, which caused profits to autumn contempt accrued sales.

"Abercrombie & Fitch reports ‘record’ Q1 nett sales" was primitively created and published by Just Style, a GlobalData owned brand.