Abercrombie Stock Soars Despite Tariff-Hit Profit | JQJO

Abercrombie & Fitch's stock surged 25% despite a lowered profit outlook due to tariffs, impacting earnings by $50 million. First-quarter results exceeded expectations, with EPS at $1.59 (vs. $1.39 expected) and revenue at $1.1 billion (vs. $1.07 billion expected). While full-year EPS is now projected between $9.50 and $10.50, sales guidance was slightly raised to 3-6% growth. Hollister brand sales soared 22%, offsetting a 4% decline in Abercrombie brand sales. The company anticipates continued growth driven by Hollister.