Abercrombie 2026 Q2财报电话会议纪要

发布时间：2026-08-27 一、AI总结内容 一、核心要点 1. 2026年第二季度营收12.7亿美元，同比增长5%，超预期；两大品牌均创单季营收新高，北美、亚太区表现突出。2. 运营利润率19.9%，稀释后每股收益1.17美元；1亿美元关税退税贡献790个基点利润率，EPS贡献1.75美元。3. 上半年股票回购2.82亿美元，占年初股份的7%；累计10个季度持续回购，全年回购目标上调至至少5亿美元。4. 全年营收指引上调至高区间，运营利润率预计14.5%-15%，EPS指引13.10-13.60美元，含2.10美元关税退税贡献。 二、业务进展 1. 品牌端：Abercrombie营收增长8%，可比增长4%，针织、泳装表现亮眼；Hollister营收增长2%，Target合作带来新渠道/品类拓展，返校季启动YoLo Palooza活动。2. 渠道/品类：NFL官方时尚伙伴合作升级，产品将售于NFL官网、场馆店；扩大鞋履、配饰等品类布局，推进头脚一体全品类覆盖。3. 区域端：亚太区营收增长19%，可比增长13%；北美增长5%，欧洲中德国恢复增长，英国保持强势，中东改善。 三、风险与关注 1. 欧洲、中东和非洲（EMEA）区域可比销售下降4%，整体仍需巩固增长态势。2. 关税、运费压力仍存，10%至12.5%的301关税将部分抵消关税退税收益，运费维持高位。 四、后续规划 1. 第三季度营收预计增长5%-6%，运营利润率13%-14%，含2000万美元关税退税贡献；维持适度AUR增长，控制运营费用。2. 全年计划新增50家门店、改造或优化80家门店，关闭约20家门店；持续投入AI、ERP等技术升级，提升运营效率。 二、音频原文（转写） Good day, and welcome to the Avocombian Fifth Second Quarter Fiscal Year 2026 Earnings Conference Call. Today's call is being recorded. After the speaker's presentation, there will be a question and answer session. To ask a question duringthe session, you will need to brush Star 11 on your telephone. You will then hear an automated message advising that your hand is raised. At thi s time, I would like to turn the conference overto Mogupta. Please go ahead. Thank you. Good morning, and welcome to our second quarter 2026 earnings call. Joining me today on the call are Fran Horowitz, Chief Executive Officer, Scott Lopatsky, Chief Operating Officer, and Robert Ball,Chief Financial Officer. Earlier this morning, we issued our second quarter earnings release, which is available on our website at corporate. Avercomi.com under the Investors section. Also available on our website is an investor presentation. Please keep in mind that we will make certainforward-looking statements on the call. These statements are subject to the safe Harbor provisions of the Private Securities Litigation ReformAct of 1995. and are subject to the risks and uncertainties that could cause actual results to differ materially from the expectations and assumptions we mentioned today. These factors and uncertainties are discussed in our reports and filings with the Securities and Exchange Commission.In addition, we will be referring to certain non-GAAP financial measures during the call. Additional details and reconciliations of GAAP to adjusted non-GAAP financial measures are included in the release and the investor presentation issued earlier this morning. With that, I will turnthe call over to Fran. Thanks, Mo, and thanks everyone for joining. I'm excited to report we delivered our fifth. Teeth, consecutive quarter oftop line growth on record. second quarter net sales. Sales growth was above the expectation we set in May and was balanced across regions and brands. with both Abercrombie and Hollister brandsachieving record Second quarter net sales. always benefited from tariff refunds in the quarterwe beat our outlook by more than the refund on both operating margin and earnings per share. your date. We repurchased approximately 7% of shares outstanding at the beginning of the year. Butthe first half complete and a strong start to Au gust. we're updating our full year net sales outlook to the high end of our prior range and increasing our expectations on the bottom line. Setting a guard. for another year consistent Profitable growth in 2026. Importantly. we're making meaningful progress across key strategic priorities which we believe will further strengthen our foundation and set us up for long-term success. As I've entered the results for the second quarter, We delivered record hits. sales of $1.27 billion, growing 5% from last year. a nice acceleration from the first quarter. What we benefited from 100 million dollars in tariff refunds We've beat our outlook by more than that on the bottomline. delivering an operating margin of 19.9%. and net income per diluted share of 4.17 cents for the quarter. We continue to leverage our strong cash flow and balance sheet. returning $177 million to shareholders in the quarter to our 10thconsecutive quarter of share repurchases. The growth in the second quarter across our regions The Americas grew 5% in quarter with growth across our direct channels Amaya saw a return to netsales growth of 2%. The U.K. remains a strong growth market for us, and we saw good sequential improvement in Germany. as well as in the MiddleEast, as the team has managed inventory and received well across the region. Our APEC business remains strong. growing 19% on comparable sales growth of 13%. Both our brands achieved record second quarter net sales. Led by Abercrombie Brands' growth at 8%, an acceleration from 3% in Q1.The bank also returned to comparable sales growth of 4% on improvements in conversion and AUR onfull price selling particularly in the AmericasGrowth was balanced by gender and category, with Nipson-Wobens contributing, along with a solidbottoms business across pants and shorts. Outside the strong financial results, it was an exciting quarter for the Abercrombie & Fitch brand. The