Abercrombie & Fitch surpassed Wall Street expectations for Q1, reporting adjusted net income of $1.47 per share against analyst estimates of $1.28. Total net sales rose 2% to $1.1 billion, with a 3% increase in the Americas and a 24% surge in Asia-Pacific, partially offset by a 10% drop in the EMEA segment. The retailer has applied for roughly $100 million in tariff refunds following a favorable Supreme Court ruling on the International Emergency Economic Powers Act, reducing its projected annual tariff impact to 20 basis points. Abercrombie maintained full-year guidance; shares climbed 4% in premarket trading but remain down over 40% year-to-date.

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