Abercrombie & Fitch Returns to Profit in Q2
By wchung | 18 Mar, 2026
Abercrombie & Fitch return to a profit in the second quarter as its strategy of lowering some prices boosted sales.
The chain also says it will close 60 stores in the U.S. in 2010.
The preppy teen clothing seller says net income totaled $19.5 million, or 22 cents per share. A year ago the company lost $26.7 million, or 9 cents per share. Earnings were 24 cents excluding a charge for closing stores.
Analysts expected a smaller 16 cents-per-share gain.
Revenue rose 17 percent to $745.8 million. Analysts expected $727.7 million.
Abercrombie & Fitch Co., based in New Albany, Ohio, has lowered some prices to compete with Aeropostale Inc. and American Eagle Outfitters Inc. for teen dollars.
NEW ALBANY, Ohio (AP)
Articles
- Japan Sets February Record with 3.46 Million Foreign Visitors
- Microsoft Considers Suit Against Partner OpenAI Over $50-Billion Cloud Deal
- Samsung Union Approves Strike Plan to Worsen Global Memory Chip Shortage
- Japan Pressured to Violate Pacifist Constitution, Send Escort Ships
- Chinese Students Told to Fall in Love As Beijing Targets Births, Consumption
- Japan Exports Grew for 6th Straight Month on Strong Asia Demand
- China Grants Approval to Purchase Nvidia H200 GPUs
- Powerful New AI Model Appears on OpenRouter, DeepSeek Suspected
- Nvidia Sees $1 Trillion Chip Sales in 2027, Excluding Restart of H200 GPUs for China
- US Travel Demand Robust Despite Higher Fares on Rising Fuel Costs