Abercrombie & Fitch (ANF) Shares Surge 6.2% After Q1 Earnings Beat Offsets Revenue Miss

Abercrombie & Fitch (NYSE:ANF) shares jumped 6.2% to $78.99 on May 27, 2026, after fiscal first-quarter earnings handily beat expectations, overshadowing a slight revenue shortfall. The apparel retailer posted GAAP earnings of $1.47 per share, 15.7% above analysts’ consensus estimates, and gross margin also exceeded forecasts. Revenue for the quarter ended May 3 rose 1.5% year-over-year to $1.11 billion, missing Wall Street’s targets. Next-quarter revenue guidance of $1.24 billion likewise came in 0.7% below estimates. CEO Fran Horowitz attributed record Q1 sales to growth in the Americas and Asia-Pacific, while noting softening demand in Europe due to Middle East tensions. The company highlighted operating margin expansion and ongoing share repurchases, returning $105 million to shareholders in the quarter.