Key Points – Abercrombie & Fitch posted record Q1 fiscal 2026 results, with net sales of $1.1 billion, operating margin of 8%, and EPS of $1.47 all coming in above expectations.
The company also extended its streak to 14 consecutive quarters of net sales growth and kept its full-year guidance unchanged. – EMEA weakness was the main drag on growth, as conflict in the Middle East and softer demand in parts of Europe caused regional sales declines that offset gains in the Americas and APAC
Management said it is adjusting inventory, receipts, and promotions to match demand trends in those markets. – Tariffs, freight, and investments are shaping margins, but share buybacks continue, with the company now assuming lower full-year tariff pressure than previously expected and still targeting about $450 million in repurchases for fiscal 2026. It also completed its ERP upgrade and is testing AI tools to support future efficiency and growth. – 5 Stocks Using Buybacks to Drive Serious Upside Into 2026 Abercrombie & Fitch (NYSE:ANF) reported record first-quarter fiscal 2026 net sales and maintained its full-year outlook, even as geopolitical pressure in the Middle East and parts of Europe weighed on results in the EMEA region. Chief Executive Officer Fran Horowitz said the company delivered its 14th consecutive quarter of net sales growth, with first-quarter sales reaching $1.1 billion, up 2% from a year earlier.
Operating margin was 8%, above the company’s plan, while diluted earnings per share came in at $1.47, also above the company’s expected range. – Why the American Eagle Stock Rally Isn’t Just Speculation “One quarter in, the team continues to stay agile in a dynamic global environment,” Horowitz said. She added that 2026 is “shaping up to be another year of consistent progress” as the company maintained its outlook for net sales, operating margin and earnings per share. EMEA Weakness Offsets Growth in Americas and APAC By region, first-quarter net sales rose 3% in the…