CNBC's Gabrielle Fonrouge joins 'Money Movers' to discuss Abercrombie's most recent quarter, details from her conversation with the retailer's CEO, and much more.

Abercrombie reported earnings and revenue that surpassed expectations, despite a decrease in sales for its main brand. The CEO attributed the sales decline to the need to sell through existing inventory rather than a reduction in consumer demand, noting that core shoppers remain selective but continue to spend. The company is optimistic about returning to growth, supported by new partnerships such as styling NFL players and expanding internationally, particularly in the UK and Germany. Additionally, Hollister, Abercrombie's teen-focused brand, saw a 9% sales increase, driven by back-to-school shopping and new product launches. However, the company faces challenges, including the impact of tariffs expected to cost at least $90 million this year.

Abercrombie says core shopper being more discerning but still spending

Welcome back. Abercrombie reporting better than expected earnings and revenue despite falling sales for its namesake brand CNBC.com Gabrielle fun ruse just spoke with the CEO and joins us now. What did he have to say? Yes, she thinks Contessa. I just got off the phone with Abercrombie CEO Fran Hurwitz And she reiterated that the Abercrombie brand is strong during the quarter sales at its namesake brand were down 5% with comps down 11% but she blamed that decline on carryover inventory the brand needed to sell through not necessarily a slowdown in his core consumer She said that core shopper is being a little bit more discerning, but it's still spending She expects the brand to be back to growth by the end of the year Horowitz also talked about the company's recent partnership with the NFL and how Abercrombie will be styling players this season This hits on the role fashion is having in sports right now and how retailers are taking advantage To get back to growth Abercrombie is looking abroad It's expanded into the UK and has plans to move to Germany, but it also has to take a step back there So that's keeping things a little bit more slow Abercrombie kids is another growth area for the business and it recently partnered with Macy's to drive sales there Over the last few years the star of the business has been ever coming and Fitch But with sales down Hollister is now driving growth during the quarter of the team focus brand was up 9% and was a big winner with back-to-school shopping It recently launched a new y2k assortment that's bringing back some of that old Abercrombie flavor think like Graphic tees and short skirts things like that So investors still have big questions about what's ahead for the company if Abercrombie can't get back to growth It's gonna be harder to offset the impact of tariffs which are expected to cost at least 90 million dollars this year Carl Yeah, a lot of attention being paid to the average tariff rate at at those companies interesting week for specialty to Gabrielle Thank you. Thank you

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