qwant news | Abercrombie & Fitch Q1 2026 Earnings Call Transcript - Abercrombie & Fitch (NYSE:ANF)
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Abercrombie & Fitch reported a record first‑quarter FY 2026 net sales of $1.1 billion, up 2 % year‑over‑year, with operating margin of 8 % and earnings per share of $1.47, and returned $105 million to shareholders via a 3 % share‑repurchase program. Sales grew strongly in the Americas (+3 %) and especially in APAC (+24 %), while EMEA fell 10 % as regional conflicts in the Middle East suppressed demand. The company highlighted the successful rollout of an upgraded merchandising ERP, continued investments in marketing, digital channels, new store openings (including a flagship Soho location), and brand collaborations such as the Sperry partnership, while noting progress on AI initiatives to improve forecasting and customer experience. Management reaffirmed its full‑year outlook of 3‑5 % net‑sales growth, operating margins of 12‑12.5 %, and diluted EPS of $10.2‑$11, with plans for approximately 130 new store projects, $225 million in capital expenditures, and $450 million of share repurchases, while navigating tariff, freight and geopolitical headwinds.
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https://www.benzinga.com/insights/news/26/05/52807728/abercrombie-fitch-q1-2026-earnings-call-transcript
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