Abercrombie beats profit estimates on steady US demand
Abercrombie and Fitch posted adjusted earnings of 1.47 dollars per share, beating estimates. Steady US demand offset sales declines in the EMEA segment.
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ABERCROMBIE & FITCH CO-CL A reported adjusted EPS of $1.47 for the first quarter, beating LSEG estimates of $1.28. Net sales rose 2% to $1.1 billion as steady demand in the United States offset a sales drop of 10% in EMEA. Resilient consumer spending across income levels suggests the retailer's aspirational pricing model is effectively navigating current macroeconomic uncertainty.
