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Get filing alertsAbercrombie reports Q2 sales up 5%, EPS $4.17 boosted by $100M tariff refund, raises outlook
Filed August 26, 2026 · Period ending August 26, 2026 · ~1 min read
Key Changes
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Q2 net sales $1.3B (+5% YoY, 15th consecutive growth quarter); operating margin 20%, EPS $4.17 including one-time $100M pre-tax IEEPA tariff refund benefit ($1.75/share); results exceeded May outlook even excluding refund
Exhibit 99.1 view on EDGAR → -
high
Raised FY2026 guidance: sales growth ~5% (from 3-5%), operating margin 14.5-15.0% (from 12.0-12.5%), EPS $13.10-$13.60 (from $10.20-$11.00); incorporates $120M full-year tariff refunds and lowered assumed tariff rate to 10-12.5% from 15%
Exhibit 99.1 view on EDGAR → -
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Repurchased $177M shares in Q2 ($282M YTD, 7% of beginning-year shares outstanding); raised full-year buyback target to at least $500M from ~$450M with $568M remaining on March 2025 authorization
Exhibit 99.1 view on EDGAR → -
medium
Abercrombie brands sales +8%, Hollister +2%; regional growth: Americas +5%, APAC +19%, EMEA +2% with accelerating Americas momentum and improving EMEA trends
Exhibit 99.1 view on EDGAR → -
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Q3 outlook: sales growth 5-6%, operating margin 13.0-14.0%, EPS $2.90-$3.20 including estimated $20M tariff refund benefit (~160 bps to margin, $0.35/share); plans at least $100M Q3 buybacks
Exhibit 99.1 view on EDGAR →
Summary
Abercrombie & Fitch reported second quarter fiscal 2026 results that exceeded expectations, with net sales of $1.3 billion up 5% year-over-year and diluted EPS of $4.17. The quarter included a significant one-time benefit: approximately $100 million pre-tax ($1.75 per share) in IEEPA tariff refunds, recorded as a reduction to cost of sales.
Importantly, management noted that operating performance surpassed the May 2026 outlook even excluding this refund, indicating underlying business strength. The company achieved record second quarter sales across both brands, with Abercrombie up 8% and Hollister up 2%, and saw balanced geographic growth led by 19% expansion in APAC.
Management raised full-year guidance substantially: operating margin now expected at 14.5-15.0% (up 250 basis points at midpoint) and EPS at $13.10-$13.60 (up roughly 25% at midpoint). The updated outlook incorporates $120 million in full-year tariff refunds and a reduced assumed tariff rate of 10-12.5% for the remainder of fiscal 2026, down from 15% previously. The company also increased its share repurchase commitment to at least $500 million for the year, having already returned $282 million year-to-date representing 7% of beginning-year shares outstanding. The combination of tariff relief, strong underlying execution across brands and regions, and aggressive capital return signals management confidence in sustained momentum.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Abercrombie & Fitch reported Q2 FY2026 financial results ended August 1, 2026 via press release.
Added in current filing · verify on EDGAR →
On August 26, 2026, Abercrombie & Fitch Co. (the “Company”) issued a news release (the “Release”) reporting the Company’s unaudited financial results for the second quarter ended August 1, 2026.
The company disclosed its second quarter fiscal 2026 financial results through a press release. The 8-K body itself does not contain the actual financial figures — those appear in the attached Exhibit 99.1 press release, which was not provided in this filing excerpt.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Updates full-year outlook to net sales growth of around 5%, net income per diluted share of $13.10 to $13.60 ... Operating margin ... In The Range of 14.5% to 15.0% ... Reflects estimated International Emergency Economic Powers Act (“IEEPA”) tariff refunds of $20 million and $120 million in third quarter and full year fiscal 2026, respectively
The company raised its full-year guidance. Net sales growth is now expected around 5% (up from 3% to 5% previously). Operating margin is projected at 14.5% to 15.0% (up from 12.0% to 12.5%), and diluted EPS is expected at $13.10 to $13.60 (up from $10.20 to $11.00). The updated outlook incorporates estimated IEEPA tariff refunds of $120 million for the full year, including $20 million expected in Q3. The company also lowered its assumed effective tariff rate for the remainder of FY2026 to 10% to 12.5% from 15% previously.
Added in current filing · view on EDGAR →
Third quarter outlook of net sales growth of 5% to 6%, net income per diluted share of $2.90 to $3.20, at least $100 million in share repurchases ... Operating margin ... In The Range of 13.0% to 14.0%
For the third quarter, the company expects net sales growth of 5% to 6%, operating margin of 13.0% to 14.0%, and diluted EPS of $2.90 to $3.20. The Q3 outlook includes an estimated $20 million IEEPA tariff refund benefit (approximately 160 basis points to operating margin and $0.35 per diluted share including interest). The company plans to repurchase at least $100 million of shares in the quarter.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 27, 2026 · How we verify