Shares of Abercrombie & Fitch Co (NYSE:ANF) are trading lower Thursday afternoon, off their 52-week high, after a massive post-earnings rally on Wednesday. Wall Street continues to digest a blowout second-quarter financial report, a $100 million tariff windfall and an upgraded full-year outlook.
Abercrombie & Fitch stock is building positive momentum. Why is ANF stock swinging?
Record Q2 Performance Driven By Tariff Refund Windfall and Upgraded Guidance
Thursday’s trading builds directly on the momentum from Wednesday, when the apparel retailer delivered its 15th consecutive quarter of top-line growth.
ANF reported record second-quarter net sales of $1.27 billion, up 5% year-over-year, alongside diluted adjusted EPS of $4.17 that shattered consensus estimates near $1.99 per share. Profitability benefited significantly from roughly $100 million in IEEPA tariff refunds, which provided a 790 basis point tailwind and propelled operating margins to 19.9%.
