March 4 (Reuters) - Abercrombie & Fitch on Wednesday forecast muted sales growth for the year and said it was accounting for the impact of 15% U.S. tariffs set out by President Donald Trump following the Supreme Court's decision to strike down the government's emergency levies.
Most of Abercrombie & Fitch's key sourcing countries, including Vietnam, Indonesia, and Cambodia, were subject to heftier import duties to the U.S. prior to the Supreme Court's ruling striking down Trump's broad tariffs imposed
under the International Emergency Economic Powers Act (IEEPA).
The U.S. has been collecting a temporary 10% blanket tariff on imports since last week, with the administration planning to lift it to 15%.
It expects annual net income per share to be between $10.20 and $11, the midpoint of which is above analysts' expectations of $10.36, according to data compiled by LSEG.
The forecast assumes a tariff impact of 70 basis points for the full year, Abercrombie said, adding that it does not include any potential refunds or recoveries of the struck-down duties.
The company expects net sales for fiscal year 2026 to grow between 3% and 5%, compared with analysts' expectations of a 4.2% rise.
Its adjusted net income per share for the fourth quarter was $3.68, beating expectations of $3.57.
(Reporting by Neil J Kanatt in Bengaluru; Editing by Maju Samuel)
