Abercrombie & Fitch shares rose nearly 10% following a quarter that beat expectations on operating income and earnings per share, driven by solid net sales growth in the Americas and APAC despite headwinds in EMEA.
- Net sales reached a record $1.1 billion, up 2% year-over-year, in line with company expectations.
- Operating margin improved to 8%, exceeding plans due to slightly lower tariff rates.
- Earnings per share came in at $1.47, above the expected range.
- Regional performance was mixed: Americas up 3%, APAC grew 24%, while EMEA declined 10% mainly from Middle East and other European markets.
- The company returned $105 million to shareholders via share repurchases, equal to 3% of shares outstanding at the start of the year.
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