NYSE: ANF
ABERCROMBIE & FITCH CO /DE/CIK 0001018840 · SIC 5651 · Family Clothing Stores
Abercrombie & Fitch Co. (“A&F”), a company incorporated in Delaware in 1996, through its subsidiaries (collectively, A&F and its subsidiaries are referred to as the “Company”), is a global, digitally-led, omnichannel retailer. The Company offers a broad assortment of apparel, personal care products… About this business →
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Abercrombie & Fitch Q2 profit jumps 30% to $183.7M on $100M tariff refunds
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Abercrombie reports Q2 sales up 5%, EPS $4.17 boosted by $100M tariff refund, raises outlook
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Abercrombie & Fitch expands Board to ten members, appoints Mary Fox
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revenue $1.11B, net income $67.1M. Abercrombie sales growth slows to 2% as EMEA plunges 11%; tariff outlook improves sharply
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Abercrombie & Fitch shareholders approve all proposals at 2026 Annual Meeting
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Abercrombie & Fitch reports Q1 2026 earnings for quarter ended May 2, 2026
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revenue $5.27B, net income $506.9M. Abercrombie faces tariff headwinds, margin pressure, and APAC strategic review
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Latest financial statements
From 10-Q filed Sep 4, 2026 (period ending Aug 1, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited)
(Thousands, except per share amounts)
| Description | Thirteen weeks ended August 1, 2026 | Thirteen weeks ended August 2, 2025 | Twenty-six weeks ended August 1, 2026 | Twenty-six weeks ended August 2, 2025 |
|---|---|---|---|---|
| Net sales | 1,266,689 | 1,208,560 | 2,380,510 | 2,305,871 |
| Cost of sales, exclusive of depreciation and amortization | 366,109 | 451,590 | 779,947 | 868,723 |
| Selling expense | 444,042 | 375,356 | 875,237 | 775,293 |
| General and administrative expense | 204,784 | 175,325 | 387,538 | 350,250 |
| Other operating (income) loss, net | (946) | (369) | (3,709) | 3,414 |
| Operating income | 252,700 | 206,658 | 341,497 | 308,191 |
| Interest expense | 561 | 620 | 1,011 | 1,281 |
| Interest income | (8,152) | (3,094) | (13,889) | (10,538) |
| Interest income, net | (7,591) | (2,474) | (12,878) | (9,257) |
| Income before income taxes | 260,291 | 209,132 | 354,375 | 317,448 |
| Income tax expense | 74,752 | 65,744 | 100,717 | 92,321 |
| Net income | 185,539 | 143,388 | 253,658 | 225,127 |
| Less: Net income attributable to noncontrolling interests | 1,819 | 2,005 | 2,804 | 3,331 |
| Net income attributable to A&F | 183,720 | 141,383 | 250,854 | 221,796 |
| Net income per share attributable to A&F | ||||
| Basic | 4.20 | 2.97 | 5.65 | 4.58 |
| Diluted | 4.17 | 2.91 | 5.59 | 4.47 |
| Weighted-average shares outstanding | ||||
| Basic | 43,767 | 47,550 | 44,368 | 48,382 |
| Diluted | 44,051 | 48,551 | 44,864 | 49,592 |
| Other comprehensive income | ||||
| Foreign currency translation adjustments, net of tax | (644) | 2,153 | (1,725) | 12,815 |
| Derivative financial instruments, net of tax | 2,179 | 1,048 | 4,233 | (11,492) |
| Other comprehensive income | 1,535 | 3,201 | 2,508 | 1,323 |
| Comprehensive income | 187,074 | 146,589 | 256,166 | 226,450 |
| Less: Comprehensive income attributable to noncontrolling interests | 1,819 | 2,005 | 2,804 | 3,331 |
| Comprehensive income attributable to A&F | 185,255 | 144,584 | 253,362 | 223,119 |
Condensed Consolidated Balance Sheets (Unaudited)
(Thousands, except par value amounts)
| Description | August 1, 2026 | January 31, 2026 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and equivalents | 627,716 | 759,540 |
| Marketable securities | 10,283 | 25,036 |
| Receivables | 190,347 | 146,757 |
| Inventories | 591,662 | 601,218 |
| Other current assets | 125,670 | 117,913 |
| Total current assets | 1,545,678 | 1,650,464 |
| Property and equipment, net | 708,576 | 674,079 |
| Operating lease right-of-use assets | 1,107,421 | 997,399 |
| Other assets | 233,181 | 219,932 |
| Total assets | 3,594,856 | 3,541,874 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Accounts payable | 354,209 | 377,465 |
| Accrued expenses | 443,364 | 465,549 |
| Short-term portion of operating lease liabilities | 262,354 | 241,265 |
| Income taxes payable | 38,871 | 21,721 |
| Total current liabilities | 1,098,798 | 1,106,000 |
| Long-term liabilities: | ||
| Long-term portion of operating lease liabilities | 1,025,086 | 926,830 |
| Other liabilities | 101,310 | 88,633 |
| Total long-term liabilities | 1,126,396 | 1,015,463 |
| Stockholders’ equity | ||
| Class A Common Stock: $0.01 par value: 150,000 shares authorized and 103,300 shares issued for all periods presented | 1,033 | 1,033 |
| Paid-in capital | 403,035 | 421,662 |
| Retained earnings | 3,940,834 | 3,697,814 |
| Accumulated other comprehensive loss, net of tax (“AOCL”) | (123,660) | (126,168) |
| Treasury stock, at average cost: 60,866 and 58,295 shares as of August 1, 2026 and January 31, 2026, respectively | (2,866,721) | (2,590,446) |
| Total Abercrombie & Fitch Co. stockholders’ equity | 1,354,521 | 1,403,895 |
| Noncontrolling interests | 15,141 | 16,516 |
| Total stockholders’ equity | 1,369,662 | 1,420,411 |
| Total liabilities and stockholders’ equity | 3,594,856 | 3,541,874 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(Thousands)
| Description | Twenty-six weeks ended August 1, 2026 | Twenty-six weeks ended August 2, 2025 |
|---|---|---|
| Operating activities | ||
| Net income | 253,658 | 225,127 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 85,583 | 76,000 |
| Amortization of capitalized cloud computing arrangement implementation costs | 7,546 | 9,660 |
| Asset impairment | 3,639 | 3,452 |
| Loss on disposal | 1,196 | 1,380 |
| Provision for deferred income taxes | 12,850 | 19,675 |
| Share-based compensation | 20,575 | 20,384 |
| Changes in assets and liabilities: | ||
| Accounts receivable | (43,749) | (66,739) |
| Inventories | 8,881 | (15,164) |
| Accounts payable and accrued expenses | (38,526) | (102,681) |
| Operating lease right-of-use assets and liabilities | 8,403 | 12,210 |
| Income taxes | 17,150 | (28,536) |
| Other assets | (19,607) | (36,867) |
| Other liabilities | (4,198) | (5,008) |
| Net cash provided by operating activities | 313,401 | 112,893 |
| Investing activities | ||
| Purchases of marketable securities | (19,600) | — |
| Proceeds from maturities of marketable securities | 34,600 | 85,000 |
| Purchases of property and equipment | (129,357) | (116,943) |
| Net cash used for investing activities | (114,357) | (31,943) |
| Financing activities | ||
| Purchases of Common Stock | (286,446) | (251,223) |
| Acquisition of Common Stock for tax withholding obligations | (38,573) | (34,830) |
| Other financing activities | (4,797) | (4,660) |
| Net cash used for financing activities | (329,816) | (290,713) |
| Effect of foreign currency exchange rates on cash | (1,159) | 9,700 |
| Net decrease in cash and equivalents, and restricted cash and equivalents | (131,931) | (200,063) |
| Cash and equivalents, and restricted cash and equivalents, beginning of period | 766,916 | 780,395 |
| Cash and equivalents, and restricted cash and equivalents, end of period | 634,985 | 580,332 |
| Supplemental information related to non-cash activities | ||
| Purchases of property and equipment accrued in accounts payable | 51,422 | 67,376 |
| Excise tax liability accrued on share repurchases | 2,282 | 2,047 |
| Operating lease right-of-use assets additions, net of terminations, impairments and other reductions | 257,320 | 248,579 |
| Supplemental information related to cash activities | ||
| Cash paid for income taxes | 69,100 | 104,766 |
| Cash paid for excise tax on share repurchases | 3,990 | 1,224 |
| Cash received from income tax refunds | 945 | 566 |
| Cash paid for amounts included in measurement of operating lease liabilities | 180,429 | 150,292 |
Amounts as printed on the EDGAR/iXBRL face — (Thousands, except per share amounts); (Thousands, except par value amounts); (Thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗
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About ABERCROMBIE & FITCH CO /DE/
Source: Item 1 (Business) from the 10-K filed March 26, 2026. Description as filed by the company with the SEC.
Item 1. Business
GENERAL
Abercrombie & Fitch Co. (“A&F”), a company incorporated in Delaware in 1996, through its subsidiaries (collectively, A&F and its subsidiaries are referred to as the “Company”), is a global, digitally-led, omnichannel retailer. The Company offers a broad assortment of apparel, personal care products and accessories for men, women and kids, which are sold primarily through its Company-owned stores and digital channels, as well as through various third-party arrangements.
The Company manages its business on a geographic basis, consisting of three reportable segments: Americas; Europe, the Middle East and Africa (“EMEA”); and Asia-Pacific (“APAC”). Corporate functions and other income and expenses are evaluated on a consolidated basis and are not allocated to the Company’s segments and therefore are included as a reconciling item between segment and total operating income.
The Company’s brand families include Abercrombie brands and Hollister brands. These brands share a commitment to offering unique products of enduring quality and exceptional comfort that allow customers around the world to express their own individuality and style.
The Company’s fiscal year ends on the Saturday closest to January 31. This typically results in a fifty-two-week year, but occasionally gives rise to an additional week, resulting in a fifty-three-week year, as was the case in Fiscal 2023. Fiscal years are designated in the Consolidated Financial Statements and Notes thereto, as well as the remainder of this Annual Report on Form 10-K, by the calendar year in which the fiscal year commenced. All references herein to the Company’s fiscal years are as follows:
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Fiscal yearYear ended / endingNumber of weeks
Fiscal 2023February 3, 202453
Fiscal 2024February 1, 202552
Fiscal 2025January 31, 202652
Fiscal 2026January 30, 202752
For additional information about the Company’s business, see “ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS,” as well as “ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA,” of this Annual Report on Form 10-K.
SEGMENT AND BRAND INFORMATION
The Company determines its segments after taking into consideration a variety of factors, including its organizational structure and the basis that it uses to allocate resources and assess performance. The Company manages its business on a geographic basis, consisting of three reportable segments: Americas; EMEA; and APAC.
The Company’s segments are as follows:
Region
Description
Americas
The Americas segment includes operations in North America and South America
EMEA
The EMEA segment includes operations in Europe, the Middle East and Africa
APAC
The APAC segment includes operations in the Asia-Pacific region, including Asia and Oceania.
The Company’s brand families include Abercrombie brands and Hollister brands, each sharing a commitment to offer products of enduring quality and exceptional comfort that support global customers on their journey to being and becoming who they are.
Brand family
Description
Abercrombie
Abercrombie strives to make every day feel exceptional, creating a sense of getaway through its quality apparel, accessories and fragrance crafted for every occasion. The Abercrombie brand family connects with customers through various supporting brands and assortment collections, including, but not limited to, Abercrombie & Fitch, abercrombie kids, and Your Personal Best (YPB).
Hollister
Hollister creates quality apparel, accessories and fragrance made for capturing moments, creating memories and being unapologetically you. The Hollister brand family connects with customers through various supporting brands and assortment collections including, but not limited to, Hollister and Gilly Hicks.
Additional information concerning the Company’s segment and geographic information is contained in Note 18, “SEGMENT REPORTING” of the Notes to Consolidated Financial Statements included in “ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA” of this Annual Report on Form 10-K.
STRATEGY AND KEY BUSINESS PRIORITIES
The Company remains committed to, and confident in, its vision of being a global, digitally-led, omnichannel retailer and continues to evaluate corporate growth opportunities and initiatives that support this vision.
Over the last several years, A&F Co. has worked to successfully transform its brands, business and culture, while delivering on its financial commitments. As the Company looks forward, it’s focused on evaluating opportunities that continue to deliver sustainable, profitable growth. The Company expects to:
•Deliver Consistent Global Growth Across Brands by investing in owned-and-operated channels with the expectation of continued net sales growth, including through net new store openings, digital fulfillment, and marketing.
•Expand Channels and Categories by increasing net sales growth in new and select markets through the use of franchise, wholesale, and licensing partnerships. The Company also plans to expand into new, adjacent product categories that resonate with each brand’s target customer.
•Execute a Multifaceted Strategy that includes evaluating sourcing footprint, adjusting pricing or promotions, and expense reduction initiatives to stabilize product and operating costs in attempt to meaningfully mitigate external cost pressure, including near-term tariff impacts.
•Enhance and Modernize our Key Systems and Leverage Technology to support operational productivity and to improve the customer journey.
•Execute Financial Discipline to maintain double-digit operating margins and expand net income per diluted share.
The Company’s strategic priorities continue to evolve based on changing consumer demands and new strategic opportunities, and management reviews and prioritizes investments and strategic focus areas to address such demands and opportunities.
OVERVIEW OF OPERATIONS
Omnichannel Initiatives
As customer shopping preferences continue to evolve and customers increasingly shop across multiple channels, the Company aims to create best-in-class customer experiences and grow total company profitability by delivering improvements through a continuous test-and-learn approach. Digital platforms remain a driver for customer engagement and sales, with a majority of sales continuing to be through digital channels for the Abercrombie brands. Despite this concentration in digital channels, stores continue to comprise a majority of sales for the Hollister brand’s customer. Additionally, stores continue to be an important part of our customers’ omnichannel experience. The Company believes that the customers’ shopping experience is improved by its offering of omnichannel capabilities, which include purchase-online-pickup-in-store, ship-from-store, and cross-channel returns. These features allow our customers ease of access to shop the brands’ and a seamless transition between in-store and online offerings.
Digital Operations
In order to continuously improve the customer experience, including providing a more seamless and consistent shopping experience across channels, the Company continues to invest in its digital infrastructure. Such investments have included replacement of our merchandising ERP system, which went live in March 2026. Refer to “