Abercrombie & Fitch 'A'

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%. » Altro su 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. » Altro su forbes.com

Abercrombie & Fitch has appointed Mary Fox, president of The Lovesac Company, to its board of directors effective Monday. At Lovesac, Fox oversees operations, marketing, finance, human resources and business development and brings about 25 years of experience at consumer goods companies such as BIC, L’Oréal and Walmart. Board chair Nigel Travis praised her expertise in digital commerce and brand building. The company operates roughly 840 stores worldwide and runs e-commerce sites for its brands. » Altro su de.investing.com