Abercrombie & Fitch (ANF) Stock Jumps 35% After $100M Tariff Refund Boosts Earnings
TLDR
- ANF stock surged nearly 35% to an 18-month high after Q2 earnings beat expectations
- $100 million in tariff refunds pushed operating income to $253 million
- EPS came in at $4.17, more than double the $1.99 analyst forecast
- Net sales rose 5% year over year to $1.3 billion, the 15th straight quarter of growth
- Abercrombie raised its full-year operating margin outlook by 2.5%, now forecasting 14.5% to 15%
Abercrombie & Fitch stock hit its highest level since January 2025 on Wednesday, closing up roughly 35% after the company posted a blowout second quarter backed by tariff refunds and steady sales growth.
The stock opened the session at $108.90 and hit an intraday high of $154.58, a level not seen in over 18 months.
The big headline was $100 million in tariff refunds, which gave operating income a major lift. Operating income came in at $253 million, up from $207 million in the same period last year.
Earnings per share landed at $4.17 adjusted, more than double the $1.99 consensus estimate from analysts polled by FactSet. That is not a small beat.
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