Abercrombie & Fitch Co. achieved its 11th consecutive quarter of growth with record net sales of $1.2 billion, up 7% from the previous year.
Net sales growth was driven by a strong performance in the Americas and APAC regions, partially offset by a decline in EMEA.
Hollister brands saw significant growth of 19% in net sales, while Abercrombie brands experienced a decrease of 5%.
Record Net Sales
Achieved record net sales of $1.2 billion, surpassing expectations and marking 7% growth from the previous year.
Segment Performance
Americas and APAC segments showed strong growth, while EMEA reported a decline in net sales.
Profitability and EPS
Operating margin of 17.1% and earnings per share of $2.91, including a litigation settlement benefit of $39 million.
Adjusted Performance
Excluding the favorable litigation impact, adjusted operating margin exceeded expectations at 13.9% and adjusted EPS reached $2.32.
Full-Year Outlook
Increased full-year net sales outlook and updated profitability with a current estimate of $90 million for net tariff costs.
- Abercrombie & Fitch Co. exceeded expectations in the second quarter, demonstrating strong growth and profitability.
- The company's performance was driven by robust sales in key regions and brands, with strategic initiatives in place to enhance profitability.
- Investors can be encouraged by the company's solid performance and optimistic outlook for the full year.
Abercrombie & Fitch Co.'s second quarter results showcase resilience and growth, with a strategic focus on driving sales and enhancing profitability.