Abercrombie & Fitch Co. shares reached a 52-week high of $133.77 on Friday, extending a 14.2% year-over-year gain as the retailer reported quarterly results that exceeded Wall Street expectations.
The New Albany, Ohio-based company posted earnings per share of $4.17 for the quarter, more than double the $1.98 forecast by analysts. Revenue totaled $1.3 billion, surpassing the $1.25 billion estimate. Net sales rose 5% to a record $1.27 billion, driven by strong performance across its Abercrombie and Hollister brands.
Analysts attributed the outperformance to robust consumer demand and a significant tariff refund that bolstered profit margins. The company’s results align with broader trends of increased retail spending, as consumers continue to prioritize discretionary purchases despite inflationary pressures.
Abercrombie & Fitch has not provided forward guidance in its latest earnings release. Shares closed at $133.77 on Friday, marking the highest level since the same period last year.
