Abercrombie & Fitch Co. (ANF) on Tuesday reported higher net income in the third quarter, helped by revenue growth in its largest market U.S and also improved digital sales. The Board also approved a new share buyback program of up to $500 million.
Net income was $47.23 million or $0.77 per share in the third quarter, higher than 42.27 million or $0.66 per share in the same quarter a year ago.
Excluding one-time items, earnings were $0.86 per share, that beat the average estimate of ten analysts polled by Thomson Reuters at $0.66 per share. Analysts' estimates typically exclude special items.
Net sales for the quarter increased 10 percent year-over-year at $905.16 million from $819.65 million. The consensus estimate was for $896.86 million.
There has been a 17% growth in its U.S. market year-on-year. It also reported digital sales growth of 8 percent from last year.
The company's Board has approved a new share repurchase program of up to $500 million, replacing the old one of 10 million shares, announced in February, which had about 3.9 million shares remaining.
Abercrombie & Fitch stock is down more than 6% in pre-market. Monday it closed at $47.04, up $1.85 or 4.09%.
For comments and feedback contact: editorial@rttnews.com
Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.