Abercrombie & Fitch (ANF) Q1 2026 Earnings
How Did ANF Stock React to Q1 2026 Earnings?
S&P 500 over the same 30 days: −1.26%.
Did ANF Beat Earnings? Q1 2026 Results
Yes. Abercrombie & Fitch reported Q1 2026 earnings of $1.47 a share on May 27, 2026, beating the $1.27 consensus estimate by 15.7%. Revenue was $1.1B against a $1.1B estimate.
Abercrombie & Fitch delivered a profit-driven beat in its first quarter of fiscal 2026, even as the top line fell just short of expectations, setting a nuanced tone for the specialty retailer heading into a tariff-clouded second half. GAAP diluted EPS of $1.47 topped the $1.27 consensus by 15.71%, a meaningful margin that reflected disciplined cost management despite rising selling and G&A expenses squeezing operating margin by 130 basis points to 8.0%. Revenue of $1.11 billion grew 1.5% year over year but edged 0.73% below analyst estimates, with EMEA the clear drag, declining 10% to $167.37 million as escalating Middle East conflict weighed on Hollister Brands, while APAC surged 24% to $46.50 million and the Americas grew a solid 3% to $899.94 million. The company extended its streak of consecutive net sales growth to 14 quarters. Management held its full-year guidance steady, targeting net sales growth of 3% to 5%, operating margin of 12.0% to 12.5%, and GAAP diluted EPS of $10.20 to $11.00, aided by a reduced tariff headwind now estimated at roughly 20 basis points after the company applied for approximately $100 million in IEEPA tariff refunds.
- Continued growth in the Americas segment, up 3%, led by Abercrombie brands
- Strong APAC growth of 24% year-over-year
- Improved gross margin with cost of sales declining to 37.2% from 38.0% of net sales
- Ongoing share repurchase program reducing diluted share count from 50,634 to 45,677
“We delivered record first quarter net sales and our 14th consecutive quarter of growth, reflecting our teams' consistent execution for our customers amid a dynamic global environment. Results were driven by continued growth in the Americas, led by Abercrombie Brands, along with strong growth in APAC. In EMEA, demand softened as the Middle East conflict ramped up, particularly impacting Hollister Brands, and we are proactively managing inventory and marketing to support the region.”
Abercrombie & Fitch CEO, on the earnings call
What Was Abercrombie & Fitch's Outlook in Q1 2026?
For full-year fiscal 2026, the company maintains its outlook for net sales growth of 3% to 5%, operating margin of 12.0% to 12.5%, and net income per diluted share of $10.20 to $11.00. Share repurchases are expected at around $450 million with diluted weighted average shares of around 44 million. Capital expenditures are expected at around $225 million with approximately 30 net store openings (50 openings, 20 closures) and 80 remodels/right-sizes. Year-over-year tariff impact is estimated at around 20 bps unfavorability (reduced from prior 70 bps estimate), reflecting a 10% tariff rate on all U.S. imports for Q2 and 15% thereafter. The company has applied for IEEPA tariff refunds of around $100 million. Effective tax rate is expected around 30%. For Q2, the company expects net sales growth of 2% to 4%, operating margin around 10%, net income per diluted share of $1.80 to $2.00, at least $150 million in share repurchases, with a tariff headwind of approximately 120 bps and effective tax rate around 32%.
ANF YoY Financials
| Metric | Q1 2026 | Q1 2025 | Year over year |
|---|---|---|---|
| Revenue | $1.1B | $1.1B | +1.5% |
| Gross Profit | $700.0M | $640.0M | +9.4% |
| Operating Income | $88.8M | $103.7M | −14.4% |
| Net Income | $67.1M | $80.4M | −16.5% |
ANF Revenue by Segment
ANF Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.