Abercrombie & Fitch down as annual sales forecast disappoints

Abercrombie & Fitch

04/03/2026 12:55

** Shares of apparel retailer Abercrombie & Fitch  ANF.N down 2% at $95.76 premarket

** Co forecasts muted sales growth for the year and said it was accounting for the impact of 15% U.S. tariffs set out by Donald Trump following the Supreme Court's decision to strike down the government's emergency levies

** Sees annual net sales growing between 3% and 5%, compared with analysts' expectations of a 4.2% rise

** However, expects annual net income per share to be between $10.20 and $11, the midpoint of which is above analysts' expectations of $10.3- data compiled by LSEG

** Posts Q4 adjusted net income per share of $3.68, beating expectations of $3.57; however, net sales in line with estimates

** Stock fell 15% in 2025

 (Reporting by Koyena Das from Bengaluru)

 ((Koyena.das@thomsonreuters.com))