Abercrombie & Fitch soars 25% even as retailer slashes profit outlook due to tariffs

  • Abercrombie & Fitch beat expectations on the top and bottom lines but slashed its profit guidance as it prepares for the impact of tariffs. The company is now expecting full year earnings per share to be between $9.50 and $10.50, down from a previous range of between $10.40 and $11.40.