ANF reported Q1 earnings of $1.47 per share, exceeding expectations, while revenue grew 2% to $1.1 billion.
Abercrombie & Fitch posted first-quarter earnings of $1.47 per diluted share, surpassing the $1.27 analyst estimate. The result drove premarket gains in ANF stock on Wednesday.
Net sales increased 2% year-over-year to $1.1 billion, marking the 14th straight quarter of growth. However, revenue fell short of the $1.12 billion consensus. Operating margin contracted to 8% from 9.3% a year earlier.
Regional performance varied: Americas sales rose 3% to $899.9 million, Asia-Pacific surged 24% to $46.5 million, while EMEA revenue declined 10% to $167.4 million due to weaker demand linked to the Middle East conflict.