Abercrombie jumps after Q2 beat and raised FY26 guidance
Abercrombie & Fitch shares rose 31.6% after the company reported second-quarter earnings of $4.17 per diluted share versus $1.99 expected and raised its fiscal 2026 outlook above estimates.
U.S. stocks were mixed, with the Nasdaq Composite gaining around 0.1% on Wednesday.
Shares of Abercrombie & Fitch Co (NYSE: ANF ) rose sharply after the company reported better-than-expected second-quarter financial results and raised its FY26 guidance above estimates.
Abercrombie reported earnings of $4.17 per diluted share, beating the analyst consensus estimate of $1.99.
Adjusted earnings rose from $2.32 per share a year earlier.
Net sales increased 5% to $1.267 billion from $1.209 billion.
That topped the $1.248 billion estimate and marked the company’s 15th consecutive quarter of sales growth.
Comparable sales were flat.
Abercrombie raised its fiscal 2026 earnings forecast to $13.10 to $13.60 per share from $10.20 to $11.
Analysts expect $10.71.
The company now expects net sales of about $5.529 billion, above its previous range of $5.424 billion to $5.529 billion and the $5.464 billion estimate.
Abercrombie & Fitch shares jumped 31.6% to $143.40 on Wednesday.
Here are some other big stocks recording gains in today’s session.
Kanzhun Ltd (NASDAQ: BZ ) shares surged 15.5% to $18.82.
Kanzhun, on Tuesday, reported better-than-expected quarterly EPS results.
Capricor Therapeutics Inc (NASDAQ: CAPR ) gained 13% to $9.37.
Semtech Corp (NASDAQ: SMTC ) gained 12.1% to $142.99 after the company reported better-than-expected second-quarter financial results and issued third-quarter guidance above estimates.
NIP Group Inc (NASDAQ: NIPG ) gained 10.6% to $18.87.
Zymeworks Inc (NASDAQ: ZYME ) climbed 10.3% to $30.29.
HC Wainwright & Co. analyst Robert Burns maintained the stock with a Buy and raised the price target from $51 to $55.
Summit Therapeutics Inc (NASDAQ: SMMT ) rose 9.4% to $14.62 after the company announced topline results from the randomized Phase III HARMONi-GI1 study met the key secondary endpoints of progression-free survival and objective response rate.
TTM Technologies In c (NASDAQ: TTMI ) gained 9.3% to $122.80.
Webtoon Entertainment Inc (NASDAQ: WBTN ) gained 8.8% to $10.29.
Acadia Healthcare Company Inc (NASDAQ: ACHC ) shares surged 7.3% to $32.05.
Comstock Resources Inc ( NYSE: CRK ) gained 6.5% to $15.09.
Alignment Healthcare Inc (NASDAQ: ALHC ) rose 6.1% to $14.42.
American Eagle Outfitters Inc (NYSE: AEO ) gained 5.3% to $17.62.
AEO will report second quarter fiscal 2026 results on Sept.
9.
Gap Inc (NYSE: GAP ) gained 5% to $21.16.
Gap will release quarterly earnings on Thursday, Aug.
27.
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