Abercrombie & Fitch Co. shares reached a 52-week high of $133.77 on Wednesday, extending gains as the retailer reported second-quarter results that exceeded Wall Street forecasts.
The Columbus, Ohio-based company posted earnings of $4.17 per share on revenue of $1.3 billion, compared with analyst expectations of $1.98 per share and $1.25 billion in sales, according to market data. Net sales rose 5% year-over-year to a record $1.27 billion, driven by strength across both the Abercrombie and Hollister brands.
Profit margins improved following a substantial tariff refund, which contributed to the company’s outperformance. The stock’s ascent to its highest level in a year reflects investor confidence in the retailer’s ability to sustain demand amid shifting consumer preferences.
Shares of Abercrombie & Fitch have gained 14.2% over the past 12 months, closing at $133.77 intraday.
