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Abercrombie, Bath & Body Beat Estimates, Shares Surge 12%

5/28/2026

43 4 Full Breakdown

Summary

Story summary

Abercrombie & Fitch and Bath & Body Works beat quarterly profit estimates, lifting shares over 12% Wednesday.
Abercrombie posted adjusted net income of $1.47 per share, above the $1.28 forecast.
Bath & Body Works earned an adjusted profit of 32 cents per share, beating the 29-cent estimate.
Sales rose 3% in the Americas but fell 10% in Europe, the Middle East and Africa, warning fuel prices will raise freight costs.

History

Historical Context

In October 1973 OAPEC announced an oil embargo against the United States, causing oil to jump almost 300%—from about $3 to $12 per barrel—by early 1974. The shock raised U.S. freight costs and squeezed retailer margins. Today Abercrombie & Fitch and Bath & Body Works warn that renewed fuel-price spikes could again compress margins across Europe, the Middle East and Africa.

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Story summary

Abercrombie & Fitch and Bath & Body Works beat quarterly profit estimates, lifting shares over 12% Wednesday.
Abercrombie posted adjusted net income of $1.47 per share, above the $1.28 forecast.
Bath & Body Works earned an adjusted profit of 32 cents per share, beating the 29-cent estimate.
Sales rose 3% in the Americas but fell 10% in Europe, the Middle East and Africa, warning fuel prices will raise freight costs.

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