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The clothing retailer posted $4.17 in earnings per share for its fiscal second quarter, well above its prior outlook of $1.80 to $2.00
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Abercrombie & Fitch reported fiscal second-quarter results on Wednesday that exceeded its own guidance by a wide margin, driven by approximately $100 million in refunds of International Emergency Economic Powers Act tariffs, and raised its full-year earnings outlook.
The company posted net income of $4.17 per diluted share for the quarter ended August 1, compared with its prior guidance of $1.80 to $2.00 per diluted share. The tariff refunds, reflected as a reduction in cost of sales, added an estimated $1.75 per diluted share to the result. Net sales grew 5% to $1.27 billion, the company said, marking its 15th consecutive quarter of growth. Operating margin came in at 19.9%.
