TLDR
- ANF stock jumped ~5% in premarket trading after Q1 earnings beat expectations
- Adjusted EPS came in at $1.47, topping the $1.28ā$1.29 analyst consensus
- Revenue of $1.1 billion missed slightly, with comparable sales down 1% year over year
- APAC sales surged 24%; EMEA dropped 10%; Americas rose 3%
- Full-year guidance held at 3%ā5% net sales growth and EPS of $10.20ā$11.00
Abercrombie & Fitch posted a mixed Q1 report on Wednesday ā earnings beat, revenue missed ā but the market focused on the profit side and sent the stock up around 5% in premarket trading.
The company reported adjusted EPS of $1.47, down from $1.59 a year ago but ahead of the analyst consensus of around $1.28ā$1.29. Revenue came in at $1.1 billion, just below the $1.12 billion estimate, though still up 2% from the same period last year.
$ANF (Abercrombie & Fitch) #earnings are out: pic.twitter.com/XxhAgsehak
— The Earnings Correspondent (@earnings_guy) May 27, 2026
Comparable sales slipped 1% year over year. Operating margin came in at 8.0%.
CEO Fran Horowitz called the quarter a “record first quarter net sales” result and highlighted 14 consecutive quarters of growth.
ANF stock has had a rough 2026 ā down 41% year to date heading into this report, weighed down by weak holiday results and a cautious full-year outlook issued earlier.
Regional and Brand Breakdown
Performance varied across regions. Americas net sales rose 3%, while APAC jumped 24%. EMEA fell 10%, with the company pointing to softened demand in that region.
By brand, Abercrombie grew 3% year over year. Hollister was flat.
The company plans to repurchase around $450 million in stock during the fiscal year.
What’s Next
For Q2, Abercrombie guided for net sales growth of 2%ā4% and EPS of $1.80ā$2.00. The midpoint of $1.90 gives Wall Street a target to work with heading into the next quarter.
Full-year guidance was unchanged: net sales growth of 3%ā5% and EPS of $10.20ā$11.00. The midpoint of $10.60 sits slightly below the analyst consensus of $10.71.
The stock entered Wednesday’s session down 41% for the year.
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