On August 26, Abercrombie & Fitch surged 21.32% in regular trading, trading at 133.8 USD/share, with turnover of $86.41 million. The rally was driven by the company's pre-market release of fiscal Q2 results that far exceeded Wall Street expectations, coupled with an upward revision to full-year guidance.

Specifically, Abercrombie & Fitch reported fiscal Q2 adjusted EPS of $4.17, more than doubling the FactSet consensus estimate of $1.99 and up from $2.33 a year earlier. Quarterly net sales reached a record $1.3 billion, up 5% year-over-year, marking the 15th consecutive quarter of growth. Regional performance was broad-based, with Americas up 5%, APAC up 19%, and EMEA up 2%. Both the namesake Abercrombie brand and Hollister posted all-time high quarterly sales, with comparable sales returning to growth at 4%.

The company raised its full-year EPS guidance to $10.20-$11.00 and issued Q3 EPS guidance of $2.90-$3.20, above the FactSet estimate of $2.84. CEO Fran Horowitz highlighted progress across four strategic priorities including AI-driven efficiency improvements and shareholder returns. UBS previously maintained a buy rating with a $153 price target, projecting 12% EPS CAGR over five years.

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