Abercrombie & Fitch reports Q1 sales growth and strong earnings, maintaining full-year outlook

Abercrombie & Fitch reported a 2% increase in first quarter net sales to $1.1 billion, marking its 14th consecutive quarter of growth, driven by strong performance in the Americas and APAC regions. Despite a 10% sales decline in EMEA due to geopolitical tensions, the company exceeded earnings expectations with an operating margin of 8.0% and earnings per diluted share of $1.47. It repurchased $105 million in shares and maintained its full-year sales growth outlook of 3% to 5%, with plans for continued share buybacks and steady operating margins. The company remains confident in its strategy to deliver growth and shareholder value amid a dynamic global environment.