Abercrombie & Fitch shares surge 35% on tariff refund and earnings beat

Abercrombie & Fitch shares surged nearly 35 percent on August 27, 2026, reaching their highest level in 18 months after the retailer reported second-quarter earnings that dramatically exceeded Wall Street expectations, driven by a substantial tariff refund and sustained revenue growth. The stock opened at $108.90 and climbed to an intraday peak of $154.58, a price not seen since January 2025, before closing with a gain of approximately 35 percent. The company's second-quarter results were bolstered by a $100 million refund from tariff payments, which significantly boosted operational profitability.