Abercrombie & Fitch (ANF) 8-K Abercrombie & Fitch Co. Reports Fourth Quarter and Full Year Results

Abercrombie & Fitch Co.
Financial Information
(Unaudited)
(in thousands, except per share data)
			Fiscal 2023										Fiscal 2024
	2022		Q1		Q2		Q3		Q4		2023		Q1		Q2		Q3		Q4		2024
Net sales	$	3,697,751	$	835,994	$	935,345	$	1,056,431	$	1,452,907	$	4,280,677	$	1,020,730	$	1,133,974	$	1,208,966	$	1,584,917	$	4,948,587
Cost of sales, exclusive of depreciation and amortization	1,593,213		326,200		350,965		370,762		539,338		1,587,265		343,273		397,712		422,034		610,907		1,773,926
Selling expense	1,462,011		324,251		338,296		371,969		498,922		1,533,438		360,018		382,557		420,990		526,423		1,689,988
General and administrative expense	552,553		154,429		158,936		174,424		193,387		681,176		189,548		178,147		188,246		194,544		750,485
Other operating (income) loss, net	(2,674)		(2,894)		(2,694)		1,256		(1,541)		(5,873)		(1,958)		(67)		(1,586)		(3,021)		(6,632)
Operating income	92,648		34,008		89,842		138,020		222,801		484,671		129,849		175,625		179,282		256,064		740,820
Interest expense	30,236		7,458		7,635		8,568		6,691		30,352		5,780		5,189		569		539		12,077
Interest income	(4,604)		(4,015)		(6,538)		(7,897)		(11,530)		(29,980)		(10,803)		(10,392)		(9,302)		(9,437)		(39,934)
Interest (income) expense, net	25,632		3,443		1,097		671		(4,839)		372		(5,023)		(5,203)		(8,733)		(8,898)		(27,857)
Income before income taxes	67,016		30,565		88,745		137,349		227,640		484,299		134,872		180,828		188,015		264,962		768,677
Income tax expense	56,631		12,718		30,014		39,617		66,537		148,886		19,794		45,449		54,151		75,267		194,661
Net income	10,385		17,847		58,731		97,732		161,103		335,413		115,078		135,379		133,864		189,695		574,016
Less: Net income attributable to noncontrolling interests	7,569		1,276		1,837		1,521		2,656		7,290		1,228		2,211		1,885		2,469		7,793
Net income attributable to Abercrombie & Fitch Co.	$	2,816	$	16,571	$	56,894	$	96,211	$	158,447	$	328,123	$	113,850	$	133,168	$	131,979	$	187,226	$	566,223
Net income per share attributable to Abercrombie & Fitch Co.:
Basic	$0.06		$0.33		$1.13		$1.91		$3.13		$6.53		$2.24		$2.60		$2.59		$3.72		$11.14
Diluted	$0.05		$0.32		$1.10		$1.83		$2.97		$6.22		$2.14		$2.50		$2.50		$3.57		$10.69
Weighted-average shares outstanding:
Basic	50,307		49,574		50,322		50,504		50,559		50,250		50,893		51,246		50,951		50,265		50,839
Diluted	52,327		51,467		51,548		52,624		53,399		52,726		53,276		53,279		52,869		52,461		52,971

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Abercrombie & Fitch Co.
Financial Information
(Unaudited)
		Fiscal 2023										Fiscal 2024
	2022	Q1		Q2		Q3		Q4		2023		Q1		Q2		Q3		Q4		2024
Comparable sales by segment: (1)
Americas comparable sales (2) (3)	Not provided	Not provided		14	%	16	%	17	%	13	%	21	%	18	%	16	%	15	%	17	%
EMEA comparable sales (2) (4)	Not provided	Not provided		6	%	15	%	10	%	7	%	23	%	17	%	13	%	12	%	16	%
APAC comparable sales (2) (5)	Not provided	Not provided		26	%	32	%	21	%	26	%	22	%	21	%	16	%	17	%	19	%
Comparable sales (2)	Not provided	3	%	13	%	16	%	16	%	13	%	21	%	18	%	16	%	14	%	17	%
Comparable sales by brand family:
Abercrombie comparable sales (2)	Not provided	14	%	23	%	26	%	28	%	23	%	29	%	21	%	11	%	5	%	15	%
Hollister comparable sales (2)	Not provided	(6)	%	5	%	7	%	6	%	4	%	13	%	15	%	21	%	24	%	19	%
Comparable sales (2)	Not provided	3	%	13	%	16	%	16	%	13	%	21	%	18	%	16	%	14	%	17	%
(1) Comparable sales by segment are presented by attributing revenues to a physical store location or geographical region that fulfills the order.
(2) Comparable sales are calculated on a constant currency basis. Refer to "REPORTING AND USE OF GAAP AND NON-GAAP MEASURES," for further discussion. The Company did not provide comparable sales results for fiscal 2022 due to temporary store closures as a result of COVID-19.
(3) The Americas segment includes the results of operations in North America and South America.
(4) The EMEA segment includes the results of operations in Europe, the Middle East and Africa.
(5) The APAC segment includes the results of operations in the Asia-Pacific region, including Asia and Oceania.

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Abercrombie & Fitch Co.
Store Count Information
(Unaudited)
Fifty-Two Weeks Ended February 1, 2025
	AMERICAS (1)		EMEA (2)		APAC (3)		Total Company
	Abercrombie	Hollister	Abercrombie	Hollister	Abercrombie	Hollister	Abercrombie	Hollister	Total (4)
February 3, 2024	194	384	29	108	24	26	247	518	765
New	25	15	5	1	10	9	40	25	65
Permanently closed	(4)	(14)	(1)	(9)	(4)	(9)	(9)	(32)	(41)
February 1, 2025	215	385	33	100	30	26	278	511	789
(1) The Americas segment includes North America and South America.
(2) The EMEA segment includes Europe, the Middle East and Africa.
(3) The APAC segment includes the Asia-Pacific region, including Asia and Oceania.
(4) Store count excludes temporary and international franchise stores.

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