Abercrombie & Fitch surged 34% after a $100 million tariff refund pushed its adjusted earnings to $4.17 per share, more than doubling estimates and triggering a sharp full-year guidance raise. The company's net sales rose 5% to $1.27 billion, with operating margin at 19.9% versus 13.9% adjusted a year earlier. Excluding the $1.75 per-share tariff contribution, Abercrombie still beat guidance, but flat companywide comparable sales and a 3% decline at Hollister signal a traffic problem. Ross Stores, which priced in its identical tariff refund last week, fell 0.5%, while Kohl's barely moved despite reporting the same windfall, as investors rejected it on a contracting top line. Abercrombie raised its full-year outlook to $13.10 to $13.60 per share from $10.20 to $11.00, with 220 basis points of the margin upgrade tied to the refund.
Abercrombie & Fitch Company$100M tariff refund boosted EPS and raised guidance
Ross Stores IncPriced in identical refund but fell 0.5%
Kohl's CorporationContracting top line despite tariff windfall
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