Abercrombie & Fitch stock skyrocketed 36.2% this week after the company reported fiscal second-quarter earnings that crushed expectations. The company posted adjusted earnings of $4.17 per share, beating the average analyst forecast by $2.21 per share, while revenue rose 5% year over year to $1.27 billion, topping estimates by roughly $20 million. The beat was driven by record performance at its Abercrombie and Hollister brands, along with significant tariff refunds. Looking ahead, the company raised its full-year guidance, expecting sales to grow about 5% over last year's $5.27 billion, with operating margin between 14.5% and 15% and earnings per share between $13.10 and $13.60. Additionally, Abercrombie plans to buy back at least $500 million of its own shares.
Abercrombie & Fitch CompanyQ2 earnings beat and raised guidance
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