Abercrombie & Fitch (NYSE:ANF) Releases Earnings Results, Beats Estimates By $0.21 EPS

Abercrombie & Fitch (NYSE:ANF) announced its quarterly earnings data on Wednesday. The apparel retailer reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.21, RTT News reports. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. Abercrombie & Fitch had a net margin of 9.63% and a return on equity of 36.36%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.59 EPS. Abercrombie & Fitch updated its Q2 2026 guidance to 1.800-2.000 EPS and its FY 2026 guidance to 10.200-11.000 EPS.

Here are the key takeaways from Abercrombie & Fitch’s conference call:

• Abercrombie & Fitch reported record first-quarter net sales of $1.1 billion, up 2% year over year, marking its 14th consecutive quarter of sales growth. EPS of $1.47 and operating margin of 8% both came in above expectations.
• EMEA was a weak spot, with sales down 10% as conflict in the Middle East and softer demand in parts of Europe pressured results. Management said the issue mainly affected Hollister and expects continued pressure in the region through the year.
• Americas and APAC were strong, with Americas sales up 3% and APAC up 24%, helped by healthy traffic and solid product response. The company said both brands grew in these regions and expects APAC’s long-term potential to remain significant.
• The company completed its merchandising ERP implementation, which temporarily weighed on sales during the quarter but is now back to normal operations. Management said the upgraded system should support future expansion into new channels, categories, and geographies.
• Management held full-year guidance, still expecting 3%–5% sales growth, 12%–12.5% operating margin, and $10.20–$11.00 EPS, while targeting about $450 million in share repurchases. The second quarter guide calls for 2%–4% sales growth and around 10% operating margin as tariff, freight, and marketing headwinds remain in play.

Abercrombie & Fitch Stock Performance

NYSE:ANF opened at $80.57 on Wednesday. The stock has a market cap of $3.60 billion, a price-to-earnings ratio of 7.64 and a beta of 0.97. The business has a fifty day moving average of $86.01 and a 200-day moving average of $94.41. Abercrombie & Fitch has a 1 year low of $65.45 and a 1 year high of $133.11.

Institutional Trading of Abercrombie & Fitch

A number of institutional investors have recently made changes to their positions in ANF. Parallel Advisors LLC lifted its holdings in shares of Abercrombie & Fitch by 17.6% in the third quarter. Parallel Advisors LLC now owns 967 shares of the apparel retailer’s stock valued at $83,000 after buying an additional 145 shares during the period. Public Employees Retirement System of Ohio raised its position in Abercrombie & Fitch by 19.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 928 shares of the apparel retailer’s stock worth $117,000 after acquiring an additional 151 shares in the last quarter. Kestra Advisory Services LLC lifted its holdings in Abercrombie & Fitch by 3.9% in the 4th quarter. Kestra Advisory Services LLC now owns 4,055 shares of the apparel retailer’s stock valued at $510,000 after acquiring an additional 151 shares during the last quarter. CSM Advisors LLC lifted its holdings in Abercrombie & Fitch by 4.3% in the 4th quarter. CSM Advisors LLC now owns 4,121 shares of the apparel retailer’s stock valued at $520,000 after acquiring an additional 170 shares during the last quarter. Finally, Transamerica Financial Advisors LLC boosted its position in shares of Abercrombie & Fitch by 322.0% during the 4th quarter. Transamerica Financial Advisors LLC now owns 249 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 190 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ANF. Jefferies Financial Group decreased their target price on Abercrombie & Fitch from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, March 4th. JPMorgan Chase & Co. cut their price target on Abercrombie & Fitch from $110.00 to $107.00 and set a “neutral” rating on the stock in a report on Monday, May 18th. Barclays reduced their price objective on Abercrombie & Fitch from $115.00 to $95.00 and set an “equal weight” rating for the company in a research report on Thursday, March 5th. Needham & Company LLC assumed coverage on Abercrombie & Fitch in a research report on Thursday, March 26th. They issued a “buy” rating and a $108.00 target price on the stock. Finally, Wall Street Zen cut Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $116.00.

About Abercrombie & Fitch

Abercrombie & Fitch Co (NYSE: ANF) is an American specialty retailer that designs, markets and sells casual apparel and accessories for men, women and children. Founded in 1892 by David T. Abercrombie and Ezra Fitch, the company evolved from an outdoor gear outfitter to a global lifestyle brand renowned for its relaxed, preppy aesthetic. Its product assortment includes tops, bottoms, outerwear, intimates, swimwear, fragrances and personal care items.

The company operates under multiple brand names, including Abercrombie & Fitch, Abercrombie Kids, Hollister and Gilly Hicks, each targeting distinct consumer segments from teens to young adults.