Abercrombie & Fitch Co. - Class A
Q1 2026 Earnings
Market Reaction
S&P 500 over the same 30 days: −1.26%.
Did ANF Beat Earnings? Q1 2026 Results
Abercrombie & Fitch delivered a mixed first quarter for fiscal 2026, posting a sharp earnings beat alongside a modest revenue shortfall as regional headwinds complicated an otherwise resilient performance. The retailer earned $1.47 per diluted share, clearing the $1.27 consensus estimate by 15.71%, though that figure still trailed the $1.59 recorded in the year-ago period. Net sales of $1.11 billion rose 1.5% year over year, coming in just 0.73% below what analysts had expected, with EMEA emerging as the primary drag; the region tumbled 10% to $167.37 million as escalating Middle East conflict weighed heavily on Hollister brands and pushed comparable sales down 11%. Americas held steadier, growing 3% to $899.94 million, while APAC surged 24% to $46.50 million. With tariff headwinds now revised down to roughly 20 basis points for the full year, from a prior 70-basis-point estimate, management maintained its full-year outlook for 3% to 5% net sales growth and earnings per share of $10.20 to $11.00, signaling confidence despite ongoing macro pressure on discretionary spending.
- Continued growth in the Americas segment, led by Abercrombie Brands
- Strong APAC growth of 24% with 15% comparable sales growth
- 14th consecutive quarter of net sales growth
- Discipline in operating margin and earnings per diluted share exceeding outlook
“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. Our bottom-line results reflect discipline and consistency, with both operating margin and earnings per diluted share exceeding our outlook.”
Abercrombie & Fitch CEO, on the earnings call
Forward Guidance & Outlook
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%, net income per diluted share of $10.20 to $11.00, share repurchases of around $450 million, capital expenditures of around $225 million, and approximately 30 net new store openings (55 openings, 25 closures, 70 remodels/right-sizes). The effective tax rate is expected at around 30%. Tariff unfavorability is estimated at around 20 basis points for the full year (revised down from 70 bps previously), reflecting a 10% tariff rate in Q2 and 15% thereafter, net of mitigation. The company has applied for IEEPA tariff refunds of approximately $100 million. For the second quarter, the company expects net sales growth of 2% to 4%, operating margin of around 10%, net income per diluted share of $1.80 to $2.00, at least $150 million in share repurchases, and an effective tax rate of around 32%. Year-over-year Q2 tariff unfavorability is estimated at around 120 basis points.
ANF YoY Financials
ANF Revenue by Segment
ANF Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.