Abercrombie & Fitch Sales Fall. Why the Stock Is Still Rising After Earnings. -- Barrons.com

Dow Jones
05/27

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

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

 

(END) Dow Jones Newswires

May 27, 2026 07:42 ET (11:42 GMT)

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