Abercrombie & Fitch tightens annual profit forecasts as tariff pain worsens

Statele Unite

Abercrombie & Fitch on Wednesday tightened its annual profit forecast and warned of a $90 million hit to its margins from import tariffs, sending its shares down 2 per cent in early trading. The tariff warning overshadowed the Hollister parent's upbeat annual sales forecast, driven by robust demand for its dresses and denim jeans as shoppers prioritize spending on trendy apparel undeterred by price hikes. In May, Abercrombie had expected a $50 million charge for the year, factoring for its

Abercrombie & Fitch tightens annual profit forecasts as tariff pain worsens https://www.channelnewsasia.com/ - 27.08.2025 17:51

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Abercrombie & Fitch tightens annual profit forecasts as tariff pain worsens https://www.channelnewsasia.com/ - 27.08.2025 17:51