Company increases full year outlook ranges on sales and operating margin New Albany, Ohio, May 24, 2023: Abercrombie & Fitch Co.

full year margin: “The current outlook includes a benefit of around 250 basis points from full year 2022 levels on expected net improvement in freight and raw material costs, partially offset by modest operating margin deleverage from the combination of inflation and 2 increased operating expense investment for the 2025 Always Forward Plan initiatives, including an upgrade of our retail merchandising ERP system.”

second quarter sales: “Fiscal 2023 Second Quarter Outlook For the second quarter of fiscal 2023, the company expects: • Net sales growth to be in the range of 4 to 6% compared to fiscal second quarter 2022 level of $805 million.”