Abercrombie & Fitch 'A'

Abercrombie & Fitch reported Q2 sales of $1.27 billion, up 5%, and EPS of $4.17, beating expectations and prompting a more than 22% jump in the stock after the company raised full-year sales-growth and EPS guidance. Quarterly profits were aided by roughly $100 million in tariff refunds, but management highlighted broad underlying improvement driven by product focus, customer listening and distinct strategies for Abercrombie and Hollister. The company said it can grow without heavy promotions, a playbook the article contrasts with challenges faced by peers such as Gap Inc. » Más en forbes.com

In Q2, group revenue rose 5% to a record $1.27 billion. Earnings per share of $4.17 significantly beat the consensus estimate. Management raised the full-year profit margin and expanded the share buyback program to at least $500 million; the stock gained about 35%. » Más en finanzen.net

Abercrombie and Fitch reported a $100 million tariff refund that lifted second-quarter operating income to $253 million from $207 million a year ago and helped EPS beat estimates at $4.17 versus $1.99 expected. Net sales rose 5% to $1.3 billion. The company expects an additional $20 million in tariff refunds next quarter and raised its full-year operating margin outlook to about 14.5–15%, up roughly 2.5 percentage points. » Más en forbes.com