Overview

• Abercrombie achieved record first-quarter net sales of $1.10 billion, an 8% rise from a year ago, prompting it to lift its sales growth outlook to 3%–6%.
• Hollister’s sales jumped 22%, offsetting a 4% year-over-year decline in Abercrombie brand revenue.
• Adjusted earnings per share reached $1.59, surpassing analyst predictions of $1.39.
• The company repurchased $200 million of its stock, marking the fifth straight quarter of share buybacks.
• Management is investing in digital platforms, expanding store presence and diversifying suppliers to counteract tariff pressures.