Abercrombie & Fitch Co. Q1 2026 Earnings Recap

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.

Key Takeaways

• 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.