Abercrombie & Fitch Co. (ANF) said, for fiscal 2025, the company now expects: net income per share in the range of $9.50 to $10.50, revised from prior guidance of $10.40 to $11.40. Net sales growth is projected in the range of 3% to 6%, revised from prior guidance of 3% to 5%.
For the second quarter, the company projects: net income per share in the range of $2.10 to $2.30, and net sales growth in the range of 3% to 5%.
For the first quarter, net income attributable to A&F declined to $80.4 million from $113.8 million, last year. Net income per share was $1.59 compared to net income per share of $2.14, prior year. Analysts on average had expected the company to earn $1.33 per share. Analysts' estimates typically exclude special items. Net sales were $1.1 billion, up 8% as compared to last year, with comparable sales of 4%.
"We delivered record first quarter net sales with 8% growth to last year. This wasabove our expectations and was supported by broadbased growth across our three regions," said Fran Horowitz, CEO Abercrombie & Fitch Co.
Shares of Abercrombie & Fitch are up 25% in pre-market trade on Wednesday.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.