Abercrombie and Fitch reported first quarter revenues of $1.11 billion, up 1.5% year on year, falling short of analysts' expectations by 0.8%. The company beat EBITDA estimates but its EPS guidance for next quarter missed significantly. CEO Fran Horowitz cited record first quarter net sales and a 14th consecutive quarter of growth, driven by the Americas and APAC, while EMEA demand softened due to the Middle East conflict. The company returned $105 million to shareholders through share repurchases. The stock is up 41.1% since reporting and currently trades at $105.53.
Abercrombie & Fitch CompanyQ1 revenue beat EBITDA, record sales, and 14th consecutive quarter of growth; stock up 41.1%.
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