Abercrombie & Fitch reported a strong third quarter with record sales of $1.3 billion, marking the twelfth consecutive quarter of growth, driven by significant performance across brands and strategic investments.
- Net sales increased 7% year-over-year, with earnings per share exceeding expectations at $2.36.
- Hollister brand demonstrated exceptional growth with a 16% increase in net sales, supported by strong marketing initiatives and inventory management.
- Share repurchases of $100 million completed in the quarter total $350 million year-to-date, representing 9% of shares outstanding.
- Gross margin reached 62.5% despite a 210 basis point adverse tariff impact, reflecting effective cost management.
- The company is optimistically narrowing full-year sales outlook towards the higher end of previous guidance as it approaches the holiday season.
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