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Earnings · Financial
Both brands achieved record second quarter net sales, led by 8% growth at Abercrombie brands.
full year earnings: “For fiscal 2026, the company now expects: Current Full Year Outlook Previous Full Year Outlook (1) Net sales Growth Around 5% Growth In The Range of 3% to 5% IEEPA tariff refund impact (bps) (2) Favorability of around 220 bps None Assumed Operating margin (2) (3) In The Range of 14.5% to 15.0% In The Range of 12.0% to 12.5% Effective tax rate (4) Around 29% Around 30% Net income per diluted share (2) (3) (5) In The Range of $13.10 to $13.60 In The Range of $10.20 to $11.00 Share repurchases (6) At least $500 million Around $450 million Diluted weighted average shares (5) (6) Around 44 million Around 44 million Capital expenditures Around $250 million Around $225 million Real estate activity (7) (all approximate) ~30 Net Store Openings ~30 Net Store Openings 50 Openings, 20 Closures 50 Openings, 20 Closures 80 Remodels and Right-Sizes 80 Remodels and Right-Sizes Third Quarter Outlook Net sales Growth In The Range of 5% to 6% IEEPA tariff refund impact (bps) (2) Favorability of around 160 bps Operating margin (2) (3) In The Range of 13.0% to 14.0% Effective tax rate (4) Around 29% Net income per diluted share (2) (3) (5) In The Range of $2.90 to $3.20 Share repurchases (6) At least $100 million Diluted weighted average shares (5) (6) Around 43 million (1) Released May 27, 2026.”
full-year earnings: “REPORTS SECOND QUARTER FISCAL 2026 RESULTS • Record second quarter net sales of $1.3 billion, up 5% to last year, 15th consecutive quarter of growth • Net sales growth across regions with Americas up 5%, APAC up 19%, and EMEA up 2% • Best-ever second quarter sales across brands, led by Abercrombie brands up 8%, with Hollister up 2% • Operating margin of 20%, and earnings per diluted share of $4.17, both above outlook in excess of IEEPA tariff refund benefit of approximately $100 million on a pre-tax basis and $1.75 per diluted share; impact presented in table below • $177 million in shares repurchased in the quarter; year-to-date share repurchases of $282 million totaling 7% of shares outstanding at beginning of the year • Updates full-year outlook to net sales growth of around 5%, net income per diluted share of $13.10 to $13.60, share repurchases increased to at least $500 million • Third quarter outlook of net sales growth of 5% to 6%, net income per diluted share of $2.90 to $3.20, at least $100 million in share repurchases New Albany, Ohio, August 26, 2026: Abercrombie & Fitch Co.”
SEC filingas of
Press · Product & marketing
Abercrombie & Fitch Teams With Abbode
Abercrombie & Fitch partnered with embroidery and lifestyle brand Abbode for a collaboration.
News reportas of
Press · Product & marketing
Abercrombie & Fitch explores what it 'means to be iconic' in new campaign
Abercrombie & Fitch unveiled its Autumn 2026 denim campaign featuring models Emily Ratajkowski and Paloma Elsesser and New York Giants players Jaxson Dart and Malik Nabers.
News reportas of
Press · Retail footprint
Abercrombie & Fitch Co. brings Hollister to Target, expanding US wholesale operation
Abercrombie & Fitch Co. announced it will sell Hollister products at Target, expanding its US wholesale operation.
News reportas of
Earnings · Financial
Net sales of $1.1 billion, up 2% as compared to last year, with comparable sales of (1)%.
full year earnings: “For fiscal 2026, the company now expects: Current Full Year Outlook Previous Full Year Outlook (1) Net sales Growth In The Range of 3% to 5% Growth In The Range of 3% to 5% Year-over-year tariff impact (bps) (2) Unfavorability of around 20 bps Unfavorability of around 70 bps Operating margin In The Range of 12.0% to 12.5% In The Range of 12.0% to 12.5% Effective tax rate (3) Around 30% Around 29% Net income per diluted share (4) (5) In The Range of $10.20 to $11.00 In The Range of $10.20 to $11.00 Share repurchases (5) Around $450 million Around $450 million Diluted weighted average shares (4) (5) Around 44 million Around 45 million Capital expenditures Around $225 million In The Range of $200 to $250 million Real estate activity (6) (all approximate) ~30 Net Store Openings ~30 Net Store Openings 50 Openings, 20 Closures 55 Openings, 25 Closures 80 Remodels and Right-Sizes 70 Remodels and Right-Sizes Second Quarter Outlook Net sales Growth In The Range of 2% to 4% Year-over-year tariff impact (bps) (2) Unfavorability of around 120 bps Operating margin Around 10% Effective tax rate (3) Around 32% Net income per diluted share (4) (5) In The Range of $1.80 to $2.00 Share repurchases (5) At least $150 million Diluted weighted average shares (4) (5) Around 45 million (1) Released March 4, 2026.”
full-year earnings: “REPORTS FIRST QUARTER FISCAL 2026 RESULTS • Record first quarter net sales of $1.1 billion, up 2% from last year, 14th consecutive quarter of growth • Net sales growth led by Americas up 3%, APAC up 24%, partially offset by 10% decline in EMEA • Brand performance led by Abercrombie brands growth of 3%, with Hollister brands flat • Operating margin of 8.0%, with earnings per diluted share of $1.47 exceeding outlook range • $105 million in shares repurchased in the quarter; 3% of shares outstanding at beginning of the year • Maintains full-year outlook to net sales growth of 3% to 5%, net income per diluted share of $10.20 to $11.00, share repurchases of around $450 million • Second quarter outlook of net sales growth of 2% to 4%, net income per diluted share of $1.80 to $2.00, at least $150 million in share repurchases New Albany, Ohio, May 27, 2026: Abercrombie & Fitch Co.”
SEC filingas of
Earnings · Financial
Net sales of $1.67 billion up 5% as compared to last year, with comparable sales of 1%.
full year earnings: “REPORTS FOURTH QUARTER AND FULL YEAR RESULTS • Company delivers record fourth quarter and full year net sales of $1.7 billion and $5.3 billion, respectively • Fourth quarter net sales grew 5% to 2024, with balanced growth across regions, brands and channels • Full year net sales grew 6% to 2024, with growth across regions and channels • Hollister brands delivers record full year 2025 net sales on growth of 15%, with Abercrombie down 1% • Full year operating margin of 13.3%, and net income per diluted share o f $10.46 • Full year share repurchases of $450 million, or 5.4 million shares, representing 11% of shares outstanding at February 1, 2025 • Provides full year 2026 outlook for net sales growth in the range of 3% to 5%, operating margin in the range of 12.0% to 12.5%, net income per diluted share in the range of $10.20 to $11.00 New Albany, Ohio, March 4, 2026: Abercrombie & Fitch Co.”
full year sales: “Net of planned mitigation efforts, the outlook assumes a year-over-year tariff impact as a percentage of net sales of approximately 290 basis points for the first quarter and 70 basis points for the full year.”
SEC filingas of
Earnings · Financial
Net sales of $1.3 billion, up 7% as compared to last year, with comparable sales of 3%.
full year earnings: “For fiscal 2025, the company now expects: Current Full Year Outlook (1) (2) Previous Full Year Outlook (2) (3) Net sales Growth In The Range of 6% to 7% Growth In The Range of 5% to 7% Operating margin In The Range of 13.0% to 13.5% In The Range of 13.0% to 13.5% Effective tax rate (4) Around 30% Around 30% Net income per diluted share (5) (6) In The Range of $10.20 to $10.50 In The Range of $10.00 to $10.50 Share repurchases (6) Around $450 million Around $400 million Diluted weighted average shares (5) (6) Around 48 million Around 49 million Capital expenditures ~$225 million ~$225 million Real estate activity (all approximate) ~40 Net Store Openings ~40 Net Store Openings 60 Openings, 20 Closures 60 Openings, 20 Closures 40 Remodels And Right-Sizes 40 Remodels And Right-Sizes Fourth Quarter Outlook (1) Net sales Growth In The Range of 4% to 6% Operating margin Around 14% Effective tax rate (4) Around 30% Net income per diluted share (5) (6) In The Range of $3.40 to $3.70 Share repurchases (6) Around $100 million Diluted weighted average shares (5) (6) Around 47 million (1) Includes the estimated impact from the tariffs on goods imported into the United States in accordance with trade policies as of November 21, 2025.”
full-year earnings: “REPORTS THIRD QUARTER FISCAL 2025 RESULTS • Record third quarter net sales of $1.3 billion, up 7% from last year, 12th consecutive quarter of growth • Net sales growth led by Americas up 7%, EMEA up 7%, partially offset by 6% decline in APAC • Brand performance led by Hollister brands growth of 16%, with Abercrombie brands down 2% • Operating margin of 12.0%, with earnings per diluted share of $2.36 exceeding outlook range • $100 million in shares repurchased in the quarter; Year-to-date share repurchases of $350 million, 9% of shares outstanding at beginning of the year • Narrows full-year outlook to net sales growth of 6% to 7%, net income per diluted share of $10.20 to $10.50 New Albany, Ohio, November 25, 2025: Abercrombie & Fitch Co.”
SEC filingas of
Earnings · Financial
full year earnings: “For fiscal 2025, the company now expects: Current Full Year Outlook (1) (2) Previous Full Year Outlook (3) Net sales Growth In The Range of 5% to 7% Growth In The Range of 3% to 6% Operating margin In The Range of 13.0% to 13.5% In The Range of 12.5% to 13.5% Effective tax rate (4) Around 30% Around 27% Net income per diluted share (5) (6) In The Range of $10.00 to $10.50 In The Range of $9.50 to $10.50 Share repurchases (6) Around $400 million $400 million Diluted weighted average shares (5) (6) Around 49 million Around 49 million Capital expenditures ~$225 million ~$200 million Real estate activity (all approximate) ~40 Net Store Openings ~40 Net Store Openings 60 Openings, 20 Closures 60 Openings, 20 Closures 40 Remodels And Right-Sizes 40 Remodels And Right-Sizes Third Quarter Outlook (1) Net sales Growth In The Range of 5% to 7% Operating margin In The Range of 11% to 12% Effective tax rate (4) Around 31% Net income per diluted share (5) (6) In The Range of $2.05 to $2.25 Share repurchases (6) At least $50 million Diluted weighted average shares (5) (6) Around 48 million (1) Includes the estimated impact from the tariffs on goods imported into the United States in accordance with trade policies as of August 25, 2025, including 20% for Vietnam, 19% for Cambodia, 50% for India, 30% for China, and a 10% tariff on all other global imports.”
SEC filingas of
Earnings · Financial
first quarter earnings: “REPORTS FIRST QUARTER FISCAL 2025 RESULTS • Record first quarter net sales of $1.1 billion, up 8% from last year, exceeding outlook • Net sales growth across regions, with Americas up 7%, EMEA up 12% and APAC up 5% • Brand performance led by Hollister brands’ growth of 22% with Abercrombie brands down 4% compared to last year • Profitability exceeds company outlook with operating margin of 9.3%, earnings per share of $1.59 • Repurchased 2.6 million shares for $200 million, representing 5% of shares outstanding at February 1, 2025 New Albany, Ohio, May 28, 2025: Abercrombie & Fitch Co.”
full year earnings: “For fiscal 2025, the company now expects: Current Full Year Outlook (1) Previous Full Year Outlook (2) Net sales Growth In The Range of 3% to 6% Growth In The Range of 3% to 5% Operating margin In The Range of 12.5% to 13.5% In The Range of 14% to 15% Effective tax rate (3) Around 27% Around 26% Net income per diluted share (4) (5) In The Range of $9.50 to $10.50 In The Range of $10.40 to $11.40 Share repurchases (5) $400 million $400 million Diluted weighted average shares (4) (5) Around 49 million Around 51 million Capital expenditures ~$200 million ~$200 million Real estate activity (all approximate) ~40 Net Store Openings ~40 Net Store Openings 60 Openings, 20 Closures 60 Openings, 20 Closures 40 Remodels And Right-Sizes 40 Remodels And Right-Sizes Second Quarter Outlook (1) Net sales Growth In The Range of 3% to 5% Operating margin In The Range of 12% to 13% Effective tax rate (3) Around 28% Net income per diluted share (4) (5) In The Range of $2.10 to $2.30 Share repurchases (5) $50 million Diluted weighted average shares (4) (5) Around 49 million (1) Includes the estimated impact from the tariffs on goods imported into the United States in accordance with trade policies currently in effect.”
SEC filingas of
Earnings · Financial
full year earnings: “REPORTS FOURTH QUARTER AND FULL YEAR RESULTS • Company delivers fourth quarter net sales growth of 9%, with comparable sales growth of 14% • Full year net sales of $4.95 billion, up 16% to 2023, driven by comparable sales of 17% with double-digit comparable sales growth across regions and brands • Abercrombie brands deliver full year 2024 net sales growth of 16% on comparable sales of 15%, with Hollister brands growing net sales 15% on comparable sales of 19% • Full year operating margin of 15.0%, up 370 basis points to full year 2023, and net income per diluted share of $10.69, 72% growth from 2023 • Full year share repurchases of $230 million, or 1.6 million shares, representing 3% of shares outstanding at February 3, 2024 • Provides full year 2025 outlook for net sales growth in the range of 3% to 5%, operating margin in the range of 14% to 15%, net income per diluted share in the range of $10.40 to $11.40 • Announces new $1.3 billion share repurchase authorization; expects $400 million in share repurchases for 2025 New Albany, Ohio, March 5, 2025: Abercrombie & Fitch Co.”
SEC filingas of
Earnings · Financial
full year margin: “REPORTS THIRD QUARTER FISCAL 2024 RESULTS • Record third quarter net sales of $1.2 billion, up 14% from last year with comparable sales of 16% • Broad-based net sales growth across regions and brands, with Abercrombie brands growth of 15% and Hollister brands growth of 14% • Operating margin expands 170 basis points to 14.8%, with third quarter operating income increasing 30% to $179 million • Year-to-date, repurchased 924,000 shares for $130 million, representing 1.8% of shares outstanding at February 3, 2024 • Increases full year outlook to net sales growth of 14% to 15% and operating margin around 15% New Albany, Ohio, November 26, 2024: Abercrombie & Fitch Co.”
SEC filingas of
Earnings · Financial
full year margin: “REPORTS SECOND QUARTER FISCAL 2024 RESULTS • Record second quarter net sales of $1.1 billion, up 21% from last year with comparable sales growth of 18% • Broad-based net sales growth across regions and brands, with Abercrombie brands growth of 26% and Hollister brands accelerating to growth of 17% • Operating margin expands 590 basis points to 15.5%, with record second quarter operating income of $176 million • Further strengthened balance sheet with redemption of all its outstanding 8.75% senior secured notes and amendment and extension of ABL Facility resulting in liquidity of $1.2 billion • Increases full year outlook to net sales growth of 12% to 13%, and operating margin in the range of 14% to 15% New Albany, Ohio, August 28, 2024: Abercrombie & Fitch Co.”
SEC filingas of
Earnings · Financial
full year margin: “REPORTS FIRST QUARTER FISCAL 2024 RESULTS • Net sales of $1.0 billion, up 22% from last year with comparable sales growth of +21%, resulting in the highest first quarter net sales in company history • Broad-based net sales growth across regions and brands; with Abercrombie brands growth of +31% • First quarter operating margin of 12.7%, up 860 basis points from last year • Increases full year outlook to net sales growth of around 10% , and operating margin of around 14% New Albany, Ohio, May 29, 2024: Abercrombie & Fitch Co.”
SEC filingas of
Earnings · Financial
first quarter sales: “Fiscal 2024 First Quarter Outlook For the first quarter of fiscal 2024, the company expects: • Net sales to be up low double-digits to fiscal first quarter 2023 level of $836 million.”
full year sales: “Fiscal 2024 Full Year Outlook For fiscal 2024, the company expects: • Net sales growth in the range of 4% to 6% from $4.3 billion in fiscal 2023, which includes the adverse impact of approximately $50 million from the 53rd reporting week in fiscal 2023.”
SEC filingas of
Earnings · Financial
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.”
SEC filingas of
Earnings · Financial
first quarter sales: “Fiscal 2023 First Quarter Outlook For the first quarter of fiscal 2023, the company expects: • Net sales to be around flat to fiscal first quarter 2022 level of $813 million.”
full year sales: “Fiscal 2023 Full Year Outlook For fiscal 2023, the company expects: • Net sales growth in the range of 1 to 3% from $3.7 billion in 2022 with the expectation that Abercrombie will continue to outperform Hollister and the U.S.”
SEC filingas of
Earnings · Financial
fourth quarter sales: “Fiscal 2022 Fourth Quarter Outlook For the fourth quarter of fiscal 2022, the company expects: • Net sales to be down in the range of 2 to 4% to fiscal fourth quarter 2021 level of $1.2 billion.”
SEC filingas of
Earnings · Financial
third quarter sales: “Fiscal 2022 Third Quarter Outlook For the third quarter of fiscal 2022, the company expects: • Net sales to be down high-single-digits to fiscal third quarter 2021 level of $905 million.”
SEC filingas of
Earnings · Financial
Net sales of $813 million, up 4% as compared to last year.
second quarter sales: “For the second quarter of fiscal 2022, the company expects: • Net sales to be down low-single-digits to fiscal second quarter 2021 level of $865 million, reflecting a combined, estimated adverse impact of approximately 300 basis points from foreign currency and COVID-related lockdowns in China and approximately 300 basis points due to an assumed impact of inflationary impact on consumer demand.”
SEC filingas of
Earnings · Financial
first quarter sales: “Fiscal 2022 First Quarter Outlook For the first quarter of fiscal 2022, the company expects: • Net sales to be up low-single-digits to fiscal first quarter 2021 level of $781 million.”
full year sales: “Fiscal 2022 Full Year Outlook For fiscal 2022, the company expects: • Net sales to be up 2 to 4% from $3.7 billion in 2021 with the U.S.”
SEC filingas of
Earnings · Financial
Total net sales grew 61% year-over-year, with digital sales up 45% to 52% of total sales.
SEC filingas of
Earnings · Financial
third quarter sales: “As a result, for the third quarter of fiscal 2020, the company expects net sales to be down in the range of 15% to 20% as compared to last year.”
SEC filingas of
Earnings · Financial
first quarter sales: “Fiscal 2020 First Quarter Outlook Including Estimated Impact of COVID-19 For the first quarter of fiscal 2020, the company expects: • Net sales to be down mid-single digits, reflecting the estimated adverse impact of COVID-19 in the range of $40 million to $50 million and the adverse impact of changes in foreign currency exchange rates of approximately $5 million.”
full year sales: “3 Fiscal 2020 Full Year Outlook Including Estimated First Half Impact of COVID-19 For fiscal 2020, the company expects: • Net sales to be flat to up 2%, reflecting the estimated adverse impact of COVID-19 in the range of $60 million to $80 million and the adverse impact of changes in foreign currency exchange rates of approximately $10 million.”
SEC filingas of
Earnings · Financial
fourth quarter sales: “Fiscal 2019 Fourth Quarter Outlook For the fourth quarter of fiscal 2019 , the company expects: • Net sales to be in the range of flat to up 2%, reflecting an adverse impact from changes in foreign currency exchange rates of approximately $5 million .”
full year sales: “Fiscal 2019 Full Year Outlook For fiscal 2019 , the company expects: • Net sales to be in the range of flat to up 1%, driven by comparable sales and net new store contribution, partially offset by an adverse impact from changes in foreign currency exchange rates of approximately $40 million of which approximately $35 million has been reflected in year-to-date results.”
SEC filingas of
Earnings · Financial
full year sales: “2 Fiscal 2019 Full Year Outlook For fiscal 2019 , the company expects: • Net sales to be in the range of flat to up 2%, driven by comparable sales and net new store contribution, partially offset by an adverse impact from changes in foreign currency exchange rates of approximately $ 45 million of which approximately $26 million has been reflected in year-to-date results.”
SEC filingas of
Earnings · Financial
Positive comparable sales of 1% , on top of 5% last year.
full year sales: “Fiscal 2019 Full Year Outlook For fiscal 2019, the company expects: • Net sales to be up in the range of 2% to 4%, driven by positive comparable sales and net new store contribution, partially offset by an adverse impact from changes in foreign currency exchange rates of approximately $ 30 million of which approximately $16 million was reflected in first quarter results.”
second quarter sales: “Fiscal 2019 Second Quarter Outlook For the second quarter of fiscal 2019, the company expects: • Net sales to be flat to up 2%, reflecting an adverse impact from changes in foreign currency exchange rates of approximately $10 million.”
SEC filingas of
Earnings · Financial
Net sales of $1.2 billion for the quarter declined 3% from last year.
full year sales: “Fiscal 2019 Full Year Outlook For fiscal 2019, the company expects: • Net sales to be up in the range of 2% to 4%, driven by positive comparable sales and net new store contribution, partially offset by an adverse impact of changes in foreign currency exchange rates of approximately $15 million primarily in the first quarter of fiscal 2019 • Comparable sales to be up low-single digits • Gross profit rate to be up slightly from the fiscal 2018 rate of 60.2% • Operating expense, excluding other operating income, to be up approximately 2% from fiscal 2018 adjusted non-GAAP operating expense of $2.03 billion • The effective tax rate to be in the mid-to-upper 20s • A weighted average diluted share count of approximately 69 million shares, excluding the effect of future share buybacks • Capital investments of approximately $200 million 3 • To deliver approximately 85 new store experiences through new store prototypes, remodeled stores and right-sizes • Up to 40 store closures , primarily in the U.S.”
SEC filingas of
Earnings · Financial
full year sales: “Full Year Outlook For fiscal 2018, the company expects: • Net sales to be up in the range of 2% to 4%, including the adverse effect from the loss of fiscal 2017's 53 rd week of approximately $40 million, partially offset by a benefit from foreign currency exchange rates of approximately $10 million.”
SEC filingas of
Earnings · Financial
(2) Comparable sales are calculated on a constant currency basis.
third quarter sales: “2 Outlook For fiscal 2018, the company expects: • Comparable sales to be up in the range of 2% to 4% • Net sales to be up in the range of 2% to 4%, with net sales in the third quarter to be approximately flat to last year, including the adverse effects from the calendar shift and changes in foreign currency exchange rates – Changes in foreign currency exchange rates to now benefit net sales and operating income by approximately $20 million and $5 million, respectively, with an adverse impact to net sales of approximately $15 million in the second half of the year – The calendar shift and the loss of fiscal 2017's 53 rd week to adversely impact net sales by approximately $40 million, with benefits to net sales in the first half of the year of approximately $40 million, to be more than offset by adverse impacts to net sales in the third quarter and fourth quarter of approximately $20 million and $60 million, respectively • A gross profit rate up slightly from the fiscal 2017 rate of 59.7% • GAAP operating expense to now be up approximately 2.5% from fiscal 2017 adjusted operating expense of $2 billion, including approximately $14 million of charges related to asset impairment and certain legal matters that will be excluded from adjusted non-GAAP operating expense .”
SEC filingas of
Earnings · Financial
second quarter sales: “2 Outlook For fiscal 2018, the company now expects: • Comparable sales to be up in the range of 2% to 4% • Net sales to be up in the range of 2% to 4%, with net sales in the second quarter to be up high-single digits, including benefits from changes in foreign currency exchange rates and the calendar shift – Changes in foreign currency exchange rates to benefit net sales by approximately $50 million, including approximately $25 million in the first quarter, and operating income by approximately $15 million – The calendar shift and the loss of fiscal 2017's 53 rd week to adversely impact net sales by approximately $40 million, with benefits to first quarter and second quarter net sales of approximately $10 million and $30 million, respectively, to be more than offset by adverse impacts to third quarter and fourth quarter net sales of approximately $20 million and $60 million, respectively • A gross profit rate up slightly from the fiscal 2017 rate of 59.7% • GAAP operating expense, including certain legal charges of $5.6 million, lease termination charges of $3.9 million and volume-related expenses from higher sales, to be up approximately 2% from fiscal 2017 adjusted operating expense of $2 billion.”
SEC filingas of
Earnings · Financial
first quarter sales: “Fiscal 2018 Outlook For fiscal 2018, the company expects: • Comparable sales to be up low-single digits • Net sales to be up low-single digits, with benefits from changes in foreign currency exchange rates largely offset by the adverse impact from the loss of fiscal 2017's additional week • Changes in foreign currency exchange rates to benefit net sales by approximately $50 million and operating income by approximately $15 million, net of hedging • A gross profit rate up slightly from the fiscal 2017 rate of 59.7%, with some continuing pressure in the first quarter • Operating expenses, excluding other operating income, to be up approximately 1% from fiscal 2017 adjusted non-GAAP operating expense of $2 billion, resulting in expense leverage, while supporting significant incremental investments in strategic initiatives 4 • Other operating income to not be significant, including as a result of gift card breakage now being recognized within net sales due to the adoption of the new revenue recognition accounting standards • A weighted average diluted share count of approximately 71 million shares, excluding the effect of potential share buybacks The company estimates its core tax rate to be in the mid to high 20s based on the Act.”
SEC filingas of
Earnings · Financial
Abercrombie & Fitch reported quarterly results
full year sales: “2 Outlook For the fourth quarter of fiscal 2017, the company expects: • Comparable sales to be up low-single digits, and net sales to be up mid- to high-single digits, including benefits from the 53rd week and changes in foreign currency exchange rates • The 53rd week to benefit net sales by approximately $38 million and operating income by approximately $2 million • Changes in foreign currency exchange rates to benefit net sales by approximately $20 million and operating income by approximately $5 million, net of hedging • A gross profit rate down approximately 100 basis points to last year's rate of 59.3%, in line with the third quarter year-over-year decline • Operating expense, including other operating income, to be down approximately 1% from $553.7 million last year, with expense reductions partially offset by increases in volume-related expenses from higher sales and the adverse effect from changes in foreign currency exchange rates • The effective tax rate to be in the mid 30s • A weighted average diluted share count of approximately 70 million shares, excluding the effect of potential share buybacks On a full year basis, the company expects the effective tax rate to reflect a core tax rate in the mid 30s, which is highly sensitive at lower levels of pre-tax earnings.”
SEC filingas of
Earnings · Financial
Abercrombie & Fitch reported quarterly results
full year margin: “Outlook For fiscal 2017, the company expects: • Comparable sales to improve for the full year, but to remain challenging for the first half, with Hollister, its largest brand, expected to maintain or improve its comparable sales trend and Abercrombie to improve throughout the year • Adverse effects from foreign currency on sales and operating income of approximately $55 million and $25 million, respectively, or approximately $0.25 per diluted share • A gross margin rate flat to the fiscal 2016 adjusted non-GAAP rate of 61.0%, but up on a constant currency basis, driven by lower average unit cost, with continuing promotional pressure in the first quarter • Actions already taken to reduce expense by approximately $100 million, enabling investments in revenue driving activities and resulting in net operating expense down approximately 3% from fiscal 2016 adjusted non-GAAP operating expense of $2.025 billion, with a commitment to pursue further expense reductions throughout the year • Net income attributable to noncontrolling interests of approximately $4 million • A weighted average diluted share count of approximately 68 million shares, excluding the effect of potential share buybacks The company expects to incur a discrete non-cash income tax charge of approximately $9 million in the first quarter of fiscal 2017 as a result of a change in share-based compensation accounting standards.”
SEC filingas of
Earnings · Financial
1 On a sequential basis, store comparable sales were in line with the prior quarter.
SEC filingas of
History · Financial
Abercrombie & Fitch IPO in 1996
Abercrombie & Fitch was spun off as a separate publicly traded company in 1996.
Wikipediaas of
History · Corporate
The Limited acquires Abercrombie & Fitch in 1988
Oshman's sold the Abercrombie & Fitch brand and operations to The Limited in 1988.
Wikipediaas of
History · Corporate
Oshman's Sporting Goods acquires Abercrombie name in 1978
Oshman's Sporting Goods bought the defunct Abercrombie & Fitch name and mailing list in 1978.
Wikipediaas of
History · Corporate
Abercrombie & Fitch renamed in 1904
The company was incorporated and renamed Abercrombie & Fitch Co. in 1904.
Wikipediaas of
History · Corporate
Abercrombie & Fitch founded in 1892
Abercrombie & Fitch was founded in 1892 in New York City by David T. Abercrombie.
Wikipediaas of
What we do not publish
Citation-only diffs, continuum cleanup, junk filings, and observations without a source URL. The rule for each type is on Methodology.