HighGravityDataAbercrombie & Fitch — May 27, 2026 release
Fiscal 2027 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001018840-26-000029
Showing in the filing
IEEPA tariff refunds applied for
“around $100 million”
Period
No period stated
Measure
Company-defined measure
Source
Prose
All guidance in this release · 21
Net sales growth for FY2026
“3% to 5%”
Net income per diluted share for FY2026
“$10.20 to $11.00”
Share repurchases for FY2026
“around $450 million”
Net sales growth for Q2 FY2026
“2% to 4%”
Net income per diluted share for Q2 FY2026
“$1.80 to $2.00”
Year-over-year tariff impact (bps) for FY2026
“Unfavorability of around 20 bps”
Operating margin for FY2026
“In The Range of 12.0% to 12.5%”
Effective tax rate for FY2026
“Around 30%”
Diluted weighted average shares for FY2026
“Around 44 million”
Capital expenditures for FY2027
“Around $225 million”
Real estate activity - Net Store Openings for FY2026
“~30 Net Store Openings”
Real estate activity for FY2027
“~30 Net Store Openings”
Real estate activity - openings and closures for FY2026
“50 Openings, 20 Closures”
Real estate activity: Openings/Closures for FY2027
“50 Openings, 20 Closures”
Real estate activity - Remodels and Right-Si… for FY2026
“80”
Year-over-year tariff impact (bps) for Q2 FY2026
“Unfavorability of around 120 bps”
Operating margin for Q2 FY2026
“Around 10%”
Effective tax rate for Q2 FY2026
“Around 32%”
Share repurchases for Q2 FY2026
“at least $150 million”
Diluted weighted average shares for Q2 FY2026
“Around 45 million”
IEEPA tariff refunds applied for
“around $100 million”
Exhibit 99.1 · the passage around this item
… earlier in the release
The estimated impact is net of planned mitigation efforts and does not include any potential refunds or recoveries of tariffs imposed pursuant to the International Emergency Economic Powers Act (“IEEPA”). The Company has applied for IEEPA tariff refunds of around $100 million. For comparison, year-over-year second quarter fiscal 2025 and full year fiscal 2025 unfavorable tariff impacts were 40 basis points and 170 basis points, respectively. (3) The current outlook for effective tax rate is sensitive to the jurisdictional mix and level of income and does not include the impact of potential future tax policy or legislative changes. (4) The current outlook for net income per diluted share and diluted weighted average shares includes the anticipated impact to shares outstanding from potential share repurchase activity in fiscal 2026. (5) The timing and amount of any such repurchases will be determined based on an evaluation of market conditions, the company’s share price, legal requirements, and other factors . (6) Owned-and-operated stores only. Conference Call Today at 8:30 a.m. ET, the company will conduct a conference call and provide additional details around its quarterly results and its outlook for the second quarter. To access the call by phone, participants will need to register at the following URL address to obtain a dial-in number and passcode: https://register-conf.media-server.com/register/BI29d238aae2774ad3be89eb389ae01fad A presentation of
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.