Abercrombie & Fitch shares jump 12% after beating profit estimates despite slight sales miss

Abercrombie & Fitch reported first-quarter earnings of $1.47 per share, beating analyst expectations of $1.28, while net sales rose 2% to $1.11 billion, slightly below forecasts. Comparable sales declined 1%, but the company marked its 14th consecutive quarter of revenue growth, driven by strong performance in the Americas and APAC regions. The company maintained its full-year outlook with expected net sales growth of 3% to 5% and plans $450 million in share buybacks. Analysts noted resilient brand strength and disciplined cost management supporting profitability despite regional challenges in EMEA.