Abercrombie noticed “document” Q1 web gross sales of $1.1bn, up 2% in comparison with the identical interval final 12 months. This was additionally Abercrombie’s 14th consecutive quarter of progress.
Gross sales progress was led by the Americas, the place gross sales elevated 3% and APAC, which noticed progress of 24%. These outcomes had been partially offset by a ten% decline in gross sales in EMEA, which the model attributed to the continuing battle within the Center East.
The corporate noticed an working margin of 8.0%, with diluted earnings per share of $1.47, which exceeds the outlook vary.
Working earnings decreased to $89m in comparison with final 12 months, when it reached $102m.
“We delivered document first-quarter web gross sales and our 14th consecutive quarter of progress, reflecting our groups’ constant execution for our clients amid a dynamic international atmosphere. Outcomes had been pushed by continued progress within the Americas, led by Abercrombie Manufacturers, together with robust progress in APAC,” Fran Horowitz, chief government officer on the firm, defined.
“In EMEA, demand softened because the Center East battle ramped up, significantly impacting Hollister Manufacturers, and we’re proactively managing stock and advertising and marketing to assist the area.
“Our bottom-line outcomes mirror self-discipline and consistency, with each working margin and earnings per diluted share exceeding our outlook. We continued to put money into shops and advertising and marketing to strengthen our manufacturers and buyer experiences, whereas additionally returning $105m to shareholders by means of share repurchases, supported by our robust stability sheet.”
The group’s Abercrombie model noticed progress of three%, whereas its Hollister model was flat.
What subsequent for Abercrombie?
Abercrombie expects web gross sales to develop between 3% and 5% for FY 2026 and to see Q2 web gross sales develop between 2% and 4%. It expects web earnings per diluted share between $1.80 and $2.00 and a minimum of $150m in share repurchases.
Horowitz added: “On our first-quarter progress, we’re sustaining our full-year gross sales and working margin outlook. With our buyer on the centre of every thing we do and a robust basis in place, we stay on offence throughout product and advertising and marketing and are assured in our path to ship full-year web gross sales progress throughout manufacturers, double-digit working margins, robust money move and earnings per share progress to create long-term worth for shareholders.”
The replace follows shortly after Abercrombie reported elevated prices for the complete 12 months ending 31 January 2026, which triggered income to fall regardless of elevated gross sales.
“Abercrombie & Fitch stories ‘document’ Q1 web gross sales” was initially created and revealed by Simply Fashion, a GlobalData owned model.
