Abercrombie & Fitch reported record second-quarter fiscal 2025 revenue of $1.21 billion, a 7% year-on-year increase, as a 19% surge at its teen-focused Hollister label offset a 5% decline at the namesake brand. Adjusted earnings came in at $2.32 a share, topping Wall Street estimates, while reported earnings benefited from a litigation settlement to reach $2.91 a share. The retailer raised its full-year net-sales guidance to 5%–7% growth and maintained its operating-margin target of 13%–13.5%, even after factoring in an estimated $90 million tariff expense tied to the United States’ higher import duties. Management also continued buybacks, spending $50 million in the quarter with $1.05 billion still authorized. J.M. Smucker posted a contrasting picture in its fiscal first quarter. Revenue slipped 0.6% to $2.11 billion and the food maker swung to a net loss of $43.9 million, or $0.41 a share, as tariffs drove green-coffee costs higher and demand for dog snacks and fruit spreads weakened. Adjusted profit fell 22% to $1.90 a share, missing analyst expectations, and the stock declined roughly 3% in early trading. Smucker kept its full-year earnings forecast but nudged its top-line outlook higher, citing planned pricing moves and cost savings to counter commodity inflation.