Abercrombie & Fitch shares rose Wednesday despite cutting its profit forecast, citing a $50 million impact from tariffs. Abercrombie & Fitch lowered its full-year earnings per share forecast to a range of $9.50 to $10.50 from the prior $10.40 to $11.40. The revised guidance falls short of the $10.33 per share expected by analysts, according to LSEG. Abercrombie raised its 2025 revenue outlook, now projecting net sales growth of 3% to 6%, up from its prior estimate of 3% to 5%. Abercrombie shares jumped 25% in premarket trading after the company reported first-quarter results that exceeded Wall Street expectations on both revenue and earnings. This surge followed a nearly 49% decline in the stock earlier in the year.
