Abercrombie & Fitch Co. (NYSE:ANF) reported record second-quarter revenue on Wednesday, beating expectations and prompting the retailer to raise its full-year sales guidance despite tariff-related cost pressures.
The company posted adjusted earnings of $2.32 per share, above consensus of $2.27. Revenue rose 7% year-over-year to $1.2 billion, exceeding expectations of $1.19 billion. Hollister brands delivered their strongest second quarter ever, with sales up 19%, while Abercrombie brands fell 5% following a tough comparison against 26% growth last year.
By region, sales increased 8% in the Americas and 12% in Asia-Pacific, while EMEA sales slipped 1%.
The company now expects full-year sales growth of 5%–7%, up from its prior forecast of 3%–6%. Third-quarter EPS was guided at $2.05–$2.25, below analyst expectations of $2.57, as the company accounts for around $90 million in tariff costs for the year. Full-year EPS guidance was maintained at $10.00–$10.50, consistent with consensus of $10.30.
