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00:02Abercrombie and Fitch forecast muted annual sales growth and said it is factoring in the
00:07impact of 15% U.S. tariffs set by Trump after the Supreme Court struck down the government's
00:12emergency levies, according to Reuters. Most of Abercrombie and Fitch's key sourcing countries,
00:18including Vietnam, Indonesia, and Cambodia, faced higher U.S. import duties before the
00:23recent Supreme Court decision. Abercrombie expects annual net income per share of $10.20
00:29to $11, with the midpoint above analysts' expectations of $10.36, according to LSEG data.
00:36Abercrombie said its forecast assumes a 70-basis point tariff impact for the full year and excludes
00:42any potential refunds or recoveries of the struck down duties. The company expects fiscal 2026 net
00:48sales to grow 3% to 5%, compared with analysts' expectations of a 4.2% increase. For all things
00:55money, visit Benzinga.com.
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