Abercrombie & Fitch Says Tariffs Will Cut Profits By $50 Million—Joining These Companies Warning Of Tariff Impacts
Abercrombie & Fitch on Wednesday lowered its full-year forecast for profit in 2025 as the retailer said tariffs will likely reduce earnings by 50 million, becoming the latest company to flag concerns and cut projections, citing uncertainty over U.S. tariffs.Abercrombie & Fitch, despite surpassing first-quarter projections for earnings and revenue, according to FactSet, lowered its profit outlook for 2025 and cited a 30% tariff on imports from China and a 10% tariff on all other imports, with an expected 5 ...