Abercrombie & Fitch reported its 15th consecutive quarter of sales growth, with adjusted earnings of $4.17 per diluted share in the second quarter of fiscal 2026, up from $2.33 a year ago, and revenue of $1.27 billion, up 5% year over year, beating Wall Street's consensus estimate of $1.99 per share. The stock soared about 33% as of 12:53 p.m. ET today, driven by a significant raise in full-year guidance: the company now expects sales growth of 5%, up from a prior range of 3% to 5%, operating margin of 14.5% to 15%, up from 12% to 12.5%, and diluted EPS of $13.10 to $13.60, up from $10.20 to $11.00. Part of the boost came from $100 million in tariff refunds related to the Supreme Court's ruling that certain tariffs were illegal, with CFO Robert Ball noting the refunds added about $1.75 to diluted EPS in the quarter and an additional $20 million expected in the third quarter. Excluding the refunds, the core business performed well, with a nearly 20% operating margin, and CEO Fran Horowitz highlighted success across categories and partnerships with the NFL and Target. The company is also repurchasing stock, having bought back 7% of shares since the year began, and plans to return at least $500 million to shareholders in fiscal 2026, with $282 million already repurchased.
Abercrombie & Fitch CompanyEarnings beat and raised guidance, plus tariff refunds and buybacks.
NVIDIA Corporation