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Abercrombie & Fitch beats quarterly profit expectations

Abercrombie & Fitch beats Q1 profit expectations with $1.47 EPS. Strong demand drives results amid economic uncertainty.

Sebastian Young
BySebastian Young- Senior Editor
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Abercrombie & Fitch has beaten Wall Street expectations for first-quarter profit.

The company reported strong demand for its apparel despite macroeconomic uncertainty.

Adjusted net income per share was $1.47, above the expected $1.28.

Net sales reached $1.1 billion, slightly below the $1.12 billion analysts anticipated.

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