EarningsQ2 2026 Earnings Report
MX:ANF Q2 2026 EPS Results
Actual EPS$70.52
Consensus EPS$33.64
Beat/MissBeat by +$36.89
One Year Ago EPS$39.24
MX:ANF Q2 2026 Revenue Results
Actual Revenue$21.42B
Expected Revenue$21.11B
Beat/MissBeat by +$317.20M
YoY Revenue Growth+4.81%
Earnings Announcement Details
QuarterQ2 2026
Date08/26/2026
TimeBefore Open
Conference CallWednesday, August 26, 2026
MX:ANF Upcoming Earnings
Abercrombie Fitch's next earnings date is estimated for November 24, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:ANF Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong underlying performance with record Q2 sales, substantial margin and EPS improvements, solid regional growth (notably APAC), disciplined capital returns and visible progress on strategic initiatives (store experiences, partnerships, category expansion, and technology). However, a meaningful portion of the margin and EPS upside in the quarter was driven by a one-time IEEPA tariff refund, and there are execution and cost headwinds to monitor (freight, tariffs, inventory constraints in Hollister, and early-stage nature of new channels). On balance, the positive operational momentum, upgraded guidance, and strong capital return program outweigh the transient and early-stage risks discussed.Company Guidance
Record Q2 Net Sales
Delivered record second quarter net sales of $1.27 billion, a 5% increase year-over-year, marking the company's 15th consecutive quarter of top-line growth.
Strong Operating Margin and EPS
Reported Q2 operating margin of 19.9% and net income per diluted share of $4.17, versus adjusted EPS of $2.32 in Q2 2025 — operating margin increased ~600 basis points year-over-year.
Tariff Refunds Boost Results (Recognized & Guided)
Recognized approximately $100 million of IEEPA tariff refunds in Q2 (expected $120 million total for the year). The Q2 refund contributed ~790 basis points to operating margin and roughly $1.75 to diluted EPS; full-year refunds estimated to contribute ~220 basis points to operating margin and ~$2.10 to EPS.
Brand and Regional Performance
Both brands achieved record Q2 net sales: Abercrombie net sales +8% with comparable sales +4%; Hollister net sales +2% (comps -3% vs. a strong prior year). Regionally, APAC net sales +19% (comps +13%), Americas +5% (comps +1%), and EMEA net sales +2% (comps -4) with U.K. strong and Germany returning to growth.
AUR and Channel Performance
Average unit retail (AUR) increased mid-single digits in Q2 with reduced promotional activity driving better-than-expected margin and unit sales growth; outperformance versus the May outlook even after taking tariff refund benefit into account.
Capital Allocation and Share Repurchases
Returned $177 million to shareholders in Q2 (10th consecutive quarter of buybacks), $282 million year-to-date (≈7% of beginning shares). Increased 2026 repurchase expectation to at least $500 million with $568 million remaining under current authorization at quarter end.
Balance Sheet and Liquidity
Ended Q2 with $628 million cash and cash equivalents, approximately $1.1 billion of liquidity, tightly managed inventory (ending inventory at cost ~flat YoY, units up low single digits), and strong free cash flow supporting investment and returns.
Strategic Growth Initiatives & Category Expansion
Progress on strategic priorities: expanded distribution (Hollister in ~1,500 Target locations), strengthened A&F NFL partnership (expanded assortment and planned distribution on nflshop.com and stadium stores), early positive reads on footwear and accessories, and continued investments in technologies including ERP and AI.
MX:ANF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed