By Nate Wolf
Abercrombie & Fitch stock rose Wednesday after the clothing retailer reported better-than-expected quarterly earnings despite stagnant sales.
The company posted adjusted earnings of $1.47 for its fiscal first quarter, down from $1.59 last year but ahead of analysts' estimates of $1.28, according to FactSet. Net sales totaled $1.11 billion, a tick below Wall Street's call for $1.12 billion. Comparable sales slipped 1% year over year.
Abercrombie stock jumped 5.1% in premarket trading. Shares have tumbled 41% this year on weaker-than-expected holiday sales and a rough fiscal-year forecast.
The retailer reiterated its fiscal-year guidance for net sales growth of 3% to 5% and net income of $10.20 to $11 a share.
Write to Nate Wolf at nate.wolf@barrons.com
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May 27, 2026 07:42 ET (11:42 GMT)
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