Abercrombie & Fitch's stock fell sharply by 5.13% during intraday trading on Thursday.
The decline comes after the company indicated that its financial guidance for fiscal 2026 does not incorporate any potential recoveries from tariff refunds. A recent court order has directed U.S. Customs and Border Protection to issue refunds for tariffs previously collected under the International Emergency Economic Powers Act, a ruling that could benefit numerous importers.
By stating that these potential funds are excluded from its outlook, Abercrombie & Fitch may have disappointed investors who were anticipating a financial boost from the tariff reimbursement process.
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