Shares of Abercrombie & Fitch Co. skyrocketed Wednesday morning after the company reported that second-quarter sales and earnings surpassed Wall Street expectations and raised its outlook for the third quarter and 2026.
The positive outcome triggered a 37 percent lift in the stock price to $149.26 and marked the retailer’s 15th consecutive quarter of growth.
For the three months ended Aug. 1, the Abercrombie brand led the results with an 8 percent sales increase and a 4 percent comp sales increase, while the Hollister brand was up 2 percent, though comparable sales were down 3 percent.
Second-quarter sales rose across all regions, with the Americas up 5 percent, Asia-Pacific up 19 percent, and Europe, Middle East and Africa up 2 percent. Overall, second-quarter sales rose 5 percent to $1.3 billion, from $1.2 billion in the year-ago quarter.
Operating income rose to $252.7 million, from $206.7 million in the year-ago period. Net income increased to $185.5 million, or $4.17 a diluted share, from $143.4 million, or $2.91 a diluted share, in the year-ago period.
