Abercrombie & Fitch

ANF

Market cap $4.49B

As businesses dive into Black Friday following a year upended by tariffs, the rule seems to be that the bigger you are, the more optimistic you feel.

Abercrombie & Fitch Co.'s Q3 report sent the stock surging 38%. Overall financial momentum remained good, driven by Hollister's growth. I note uncertain earnings ahead. The Abercrombie brand's multi-year hot streak has ended without stabilization in sight. Hollister may ultimately face similar challenges. Tariffs have started to cause margin pressure, but I believe the headwind to mostly be transitory.

Since 2019, Abercrombie & Fitch Co. has undergone a resurrection from discarded early-2000s mall brand to a sought-after brand for millennials and older Gen Zs.

Abercrombie & Fitch bested Wall Street's earnings forecasts. The retailer's Hollister brand is resonating with younger shoppers.

Abercrombie's Q3 delivered record sales and a boosted outlook as Hollister's strength offset margin pressure and sent shares soaring.

Abercrombie & Fitch remains a compelling value play despite a recent post-earnings rally and is still down over 40% year-to-date. ANF's strong Q3 results, raised guidance, and resilient comp sales highlight its robust performance amid a challenging retail environment. The stock trades at just 8.2x FY25 P/E and 6.9x ex-cash, with a debt-free balance sheet and significant cash reserves supporting aggressive buybacks.

Major U.S. equities indexes gained Tuesday afternoon, extending Monday's rally to start a holiday-shortened trading week. The Dow Jones Industrial Average was up over 1%, while the S&P 500 climbed 0.5%, and the tech-heavy Nasdaq ticked 0.1% higher.

Abercrombie & Fitch Co. ( ANF ) Q3 2026 Earnings Call November 25, 2025 8:30 AM EST Company Participants Mohit Gupta - Vice President of Investor Relations Fran Horowitz-Bonadies - CEO & Director Robert Ball - Senior VP & CFO Scott Lipesky - Executive VP & COO Conference Call Participants Dana Telsey - Telsey Advisory Group LLC Corey Tarlowe - Jefferies LLC, Research Division Matthew Boss - JPMorgan Chase & Co, Research Division Marni Shapiro - The Retail Tracker Katherine Delahunt - Morgan Stanley, Research Division Mauricio Serna Vega - UBS Investment Bank, Research Division Rakesh Patel - Raymond James & Associates, Inc., Research Division Janine Hoffman Stichter - BTIG, LLC, Research Division Janet Kloppenburg - JJK Research Associates, Inc. Presentation Operator Good day, and welcome to the Abercrombie & Fitch's Third Quarter Fiscal Year 2025 Earnings Call. [Operator Instructions].

Abercrombie & Fitch (NYSE:ANF) shares surged 28% after the clothing retailer reported strong results for the third quarter, surpassing Wall Street expectations on both earnings and revenue. Adjusted earnings per share (EPS) were $2.36, topping estimates of $2.16.

The headline numbers for Abercrombie (ANF) give insight into how the company performed in the quarter ended October 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.