Abercrombie Surges After Raising Outlook Despite Tariff Cost (1)

Abercrombie & Fitch Co. shares jumped after the retailer upped its full-year outlook, suggesting confidence in its ability to navigate the changing tariff landscape.

The fashion retailer now sees full year net sales growth of 3% to 6% up from its estimate of 3% to 5% in March. This included approximately $50 million of tariff expenses.

“Based on our current assumption on tariffs, we are not planning broad-based ticket increases,” Chief Executive Officer Fran Horowitz said on a call with analysts.

Abercrombie shares jumped 26% 9:43 a.m. in New York on Wednesday, the most intraday in a year. The stock ...