Newsweek World
  • Business
  • Economics
  • Markets
  • Technology
GO ADD-FREE
  • Login
No Result
View All Result
  • Business
  • Economics
  • Markets
  • Technology
No Result
View All Result
Newsweek World
  • GO ADD-FREE
  • Login
Home Business

Abercrombie & Fitch Shares Surge Despite Lowered Profit Outlook

Levi Farrer by Levi Farrer
May 28, 2025
in Business, Uncategorized
Abercrombie & Fitch Shares Surge Despite Lowered Profit Outlook

Abercrombie & Fitch unveils its new retail concept: “The Getaway.”

Abercrombie & Fitch stock experienced a 15% increase on Wednesday after the retailer achieved better-than-expected quarterly earnings and increased its revenue projection although it reduced its full-year profit outlook because of tariffs.

The company reduced its fiscal 2025 earnings per share projection to a range of $9.50 to $10.50 instead of its previous forecast of $10.40 to $11.40. Operating margin projections were also trimmed to a range of 12.5% to 13.5% from the earlier 14% to 15% target.

The updated guidance includes financial impacts from the newly implemented tariffs which impose a 30% duty on Chinese imports and a 10% tariff on products from various other countries. The trade measures imposed by the government will result in a $50 million financial loss for Abercrombie.

The retailer achieved outstanding first-quarter financial results despite facing tariff-related challenges. The company achieved $1.59 earnings per share which surpassed the predicted $1.39 by analysts. The company exceeded revenue projections when it reported $1.10 billion compared to the expected $1.07 billion. The company earned $80.4 million in net income during the quarter but this was less than the $114 million earned during the previous year while sales increased by 8% from the previous year.

The company achieved its best first-quarter results in its entire history according to Abercrombie. The positive revenue outlook from the company boosted investor confidence because its stock price had declined by nearly 49% throughout the year.

The company demonstrates economic resistance through its robust top-line expansion despite facing margin pressure. The market showed appreciation for Abercrombie’s successful earnings beat and its positive outlook on its business strategy.

Tags: Abercrombie & Fitch
Previous Post

KFC Plans 7,000 New Jobs in UK, Ireland Expansion Push

Next Post

JPMorgan Targets Wealth Management Growth via Premium Branch Expansion

Related Posts

Bitcoin Price Stumbles to $112,301 Ahead of Powell's Jackson Hole Speech
Business

Bitcoin Price Stumbles to $112,301 Ahead of Powell’s Jackson Hole Speech

LivaNova Q2 2025 sees earnings beat, stock surges
Business

LivaNova Q2 2025 sees earnings beat, stock surges

Tariff Delays Fail to Save U.S. Holiday Imports
Business

Tariff Delays Fail to Save U.S. Holiday Imports

Soho House Going Private in $2.7 Billion MCR Deal
Business

Soho House Going Private in $2.7 Billion MCR Deal

FTC Sues Ticket Reseller Over Swift Tour Markups
Business

FTC Sues Ticket Reseller Over Swift Tour Markups

Kushner Firm Buys 8% Stake in UK’s OakNorth
Business

Kushner Firm Buys 8% Stake in UK’s OakNorth

Next Post
JPMorgan Targets Wealth Management Growth via Premium Branch Expansion

JPMorgan Targets Wealth Management Growth via Premium Branch Expansion

Newsweek World
Linkedin Instagram X-twitter Facebook
Business >
Economics >
Markets >
Technology >

Company
About us
Authors

Company
About us
Authors

Contact
Contacts

Terms of Use
Terms & Conditions
Privacy Policy

Editions:
World
U.S. Edition
New York
Español
中文 (简体)
Português
Français
Italiano
Norsk
Svenska
Türkçe

Contact
Contacts

Terms of Use
Terms & Conditions
Privacy Policy

© 2025 Newsweek World.
All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business
  • Economics
  • Markets
  • Technology

© 2025 Newsweek World. All rights reserved.

  • Español
  • Português
  • 中文 (简体)
  • 日本語
  • Français
  • Italiano
  • Norsk
  • Svenska
  • Türkçe