Abercrombie & Fitch beats earnings, raises guidance, and plans $450M buybacks by 2026 amid strong growth.

Abercrombie & Fitch Co. reported its 14th consecutive quarter of growth, surpassing earnings per share expectations and raising its guidance for 2026. The company plans aggressive expansion and aims to execute approximately $450 million in share buybacks by 2026, representing a yield of over 12%. Despite risks from discretionary spending sensitivity, Middle East conflicts, and competition, the company’s debt-free balance sheet and strong brand support its long-term growth prospects. Management also expects tariffs to have a more manageable impact going forward.