ANF (Abercrombie & Fitch Co.) Stock Financials & Earnings

ANFAbercrombie & Fitch Co.

Mkt Cap$4B

Consumer Cyclical·Apparel - Retail·🇺🇸 United States·NYSE

Revenue (TTM)$5.3B

Net Income (TTM)$507M

EPS (TTM)$10.54

Free Cash Flow (TTM)$378M

Gross Margin40.5%

Op. Margin8.9%

Net Margin9.6%

FCF Margin7.2%

P/S Ratio (TTM)0.8x

P/E Ratio (TTM)8.1x

YoY Rev Growth+6.4%

Employees—

Earnings Reports

▶Q4 2025NEW

Abercrombie & Fitch Co., through its subsidiaries, operates as a specialty retailer. The company operates in two segments, Hollister and Abercrombie. It offers an assortment of apparel, personal care ...

CEO Fran HorowitzIPO Sep 26, 1996www.abercrombie.com

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$836M	$473M	$35M
Q2 23	$935M	$550M	$89M
Q3 23	$1.1B	$653M	$140M
Q4 23	$1.5B	$877M	$220M
Q1 24	$1.0B	$639M	$127M
Q2 24	$1.1B	$696M	$175M
Q3 24	$1.2B	$748M	$178M
Q4 24	$1.6B	$934M	$250M
Q1 25	$1.1B	$640M	$104M
Q2 25	$1.2B	$722M	$209M
Q3 25	$1.3B	$772M	$158M
Q4 25	$1.7B	$0	$769K

Valuation

Quarter	P/S	P/E
Q1 23	0.3x	32.7x
Q2 23	0.5x	18.3x
Q3 23	0.7x	14.5x
Q4 23	1.2x	16.2x
Q1 24	1.5x	15.6x
Q2 24	1.5x	13.7x
Q3 24	1.4x	12.9x
Q4 24	1.1x	10.0x
Q1 25	0.7x	6.2x
Q2 25	0.9x	8.7x
Q3 25	0.6x	6.4x
Q4 25	0.9x	9.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$560K	-$47M
Q2 23	$217M	$173M
Q3 23	$134M	$95M
Q4 23	$303M	$274M
Q1 24	$95M	$56M
Q2 24	$165M	$122M
Q3 24	$143M	$92M
Q4 24	$308M	$257M
Q1 25	-$4M	-$55M
Q2 25	$117M	$51M
Q3 25	$200M	$132M
Q4 25	$306M	$251M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$46M
Q2 23	$43M
Q3 23	$39M
Q4 23	$29M
Q1 24	$39M
Q2 24	$43M
Q3 24	$50M
Q4 24	$51M
Q1 25	$51M
Q2 25	$66M
Q3 25	$68M
Q4 25	$56M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+2.9%	-3.1%
Q2 23	+16.2%	+5.8%
Q3 23	+20.0%	+6.1%
Q4 23	+21.1%	+8.9%
Q1 24	+22.1%	+11.5%
Q2 24	+21.2%	+13.3%
Q3 24	+14.4%	+12.4%
Q4 24	+9.1%	+8.3%
Q1 25	+7.5%	+11.2%
Q2 25	+6.6%	+4.3%
Q3 25	+6.8%	+9.9%
Q4 25	+5.4%	+25.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$8M	1.0%
Q2 23	$12M	1.2%
Q3 23	$10M	0.9%
Q4 23	$11M	—
Q1 24	$11M	1.1%
Q2 24	$9M	0.8%
Q3 24	$10M	0.8%
Q4 24	$9M	0.5%
Q1 25	$11M	1.0%
Q2 25	$10M	0.8%
Q3 25	$9M	0.7%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q1 23	—	—	$438M
Q2 23	—	—	$461M
Q3 23	—	—	$513M
Q4 23	—	—	$657M
Q1 24	—	—	$512M
Q2 24	—	—	$521M
Q3 24	—	—	$570M
Q4 24	—	—	$684M
Q1 25	—	—	$536M
Q2 25	—	—	$513M
Q3 25	—	—	$614M
Q4 25	$182M	$575M	—

Revenue Segments

Quarter	Abercrombie	Hollister
Q1 23	$436M	$400M
Q2 23	$463M	$473M
Q3 23	$548M	$509M
Q1 24	$572M	$449M
Q2 24	$582M	$552M
Q3 24	$630M	$579M
Q4 24	$773M	$812M
Q1 25	$548M	$549M
Q3 25	$617M	$673M

Revenue by Geography

Quarter	Asia Pacific	Europe	Other Locations	United States	Americas
Q1 23	$33M	$139M	$27M	$636M	—
Q2 23	$32M	$172M	—	—	$731M
Q3 23	$31M	$158M	—	—	$868M
Q1 24	$36M	$165M	—	—	$820M
Q2 24	$33M	$200M	—	—	$901M
Q3 24	$41M	$182M	—	—	$986M
Q4 24	$41M	$224M	—	—	$1.3B
Q1 25	$37M	$185M	—	—	$875M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$447M	$0	$447M
Q2 23	$617M	$0	$617M
Q3 23	$649M	$0	$649M
Q4 23	$901M	$0	$901M
Q1 24	$864M	$0	$864M
Q2 24	$738M	$0	$738M
Q3 24	$683M	$56M	$739M
Q4 24	$773M	$116M	$889M
Q1 25	$511M	$97M	$608M
Q2 25	$573M	$31M	$604M
Q3 25	$606M	$25M	$631M
Q4 25	$760M	$25M	$785M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	51M	+0.5%
Q2 23	52M	+0.2%
Q3 23	53M	+2.1%
Q4 23	53M	+1.5%
Q1 24	53M	-0.2%
Q2 24	53M	+0.0%
Q3 24	53M	-0.8%
Q4 24	52M	-0.8%
Q1 25	51M	-3.5%
Q2 25	49M	-4.1%
Q3 25	48M	-1.4%
Q4 25	47M	-2.2%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$58K	65K
FY 15	$72K	49K
FY 16	$208K	16K
FY 17	$218K	16K
FY 18	$256K	14K
FY 19	$259K	14K
FY 20	$92K	34K
FY 21	$118K	32K
FY 22	$125K	30K
FY 23	$145K	30K
FY 24	$126K	39K
FY 25	$134K	39K