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

A Abercrombie & Fitch store is seen on April 09, 2025 in New York City.Shares of Abercrombie & Fitch soared on Wednesday, even after the retailer slashed its profit outlook due to tariffs, which are expected to hit its business by $50 million. 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. Analysts were expecting earnings of$10.33 a share, according to LSEG. In addition, Abercrombie raised the top end of its ...