NYSE:ANFSpecialty Retail
Have Tariffs And Raised Sales Targets Rewritten The Abercrombie & Fitch Investment Story?
Abercrombie & Fitch reported better-than-expected first-quarter results, driven by robust demand and record sales across its brands, especially Hollister, and increased its annual sales guidance, even as tariff impacts prompted the company to lower its yearly profit outlook.
While the company is experiencing higher costs due to tariffs, it continues to invest in store expansion and share repurchases, reflecting management’s confidence in ongoing brand strength and sales momentum.
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