Retailer Abercrombie & Fitch (NYSE: ANF) Makes NYSE Top Gainer List On Second Quarter Results

(MENAFN- Investor Ideas) ) a trusted platform for investing ideas including retail stocks issues a news and trading alert for Abercrombie & Fitch Co. (NYSE: ANF ), a global, digitally led, omnichannel specialty retailer of apparel and accessories catering to kids through millennials with assortments curated for their specific lifestyle needs.

The stock makes the NYSE top percentage gainer list today following second quarter news.

The stock is trading at 148.21 +39.31 (+36.09%) as of this report.

This is an indicator that high-income shoppers or dedicated enthusiasts may still be spending freely, even if lower-income consumers pull back in other sectors.

Highlights

Record second quarter net sales of $1.3 billion, up 5% to last year, 15th consecutive quarter of growth Net sales growth across regions with Americas up 5%, APAC up 19%, and EMEA up 2% Best-ever second quarter sales across brands, led by Abercrombie brands up 8%, with Hollister up 2% Operating margin of 20%, and earnings per diluted share of $4.17, both above outlook in excess of IEEPA tariff refund benefit of approximately $100 million on a pre-tax basis and $1.75 per diluted share; impact presented in table below $177 million in shares repurchased in the quarter; year-to-date share repurchases of $282 million totaling 7% of shares outstanding at beginning of the year Updates full-year outlook to net sales growth of around 5%, net income per diluted share of $13.10 to $13.60, share repurchases increased to at least $500 million 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

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