Abercrombie & Fitch sets new record in fifteenth consecutive quarter of growth

After yet another record quarter, Abercrombie & Fitch is raising its full-year guidance. The American fashion group is benefiting from growth at both brands, as well as a substantial refund of previously paid import duties.

Strong growth in Asia

Abercrombie & Fitch’s revenue rose 4.8% in the second quarter to $1.266 billion (€1.086 billion). For the group, this marked the fifteenth consecutive quarter of revenue growth. However, this growth is entirely due to expansion, as comparable revenue remained flat.