Abercrombie & Fitch Co. is a global omnichannel specialty retailer of apparel, personal care products, and accessories for men, women, and children. Headquartered in New Albany, Ohio, the company operates primarily through its namesake Abercrombie & Fitch and Hollister brands, alongside offshoots like abercrombie kids and Gilly Hicks. The company sells its products through a network of over 700 company-owned stores across North America, Europe, and Asia, as well as through its digital e-commerce platforms.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Total Revenues
5,266,292
4,948,587
4,280,677
3,697,751
Cost of Sales
2,028,884
1,773,926
1,587,265
1,593,213
Gross Profit
3,237,408
3,174,661
2,693,412
2,104,538
Selling, General & Administrative Expenses
2,535,104
2,440,473
2,214,614
2,014,564
Other Operating Expenses
3,161
(6,632)
(5,873)
(2,674)
Operating Profit
699,143
740,820
484,671
92,648
Interest and Investment Income
24,004
39,934
29,980
(4,604)
Interest Expense
(2,375)
(12,077)
(30,352)
(30,236)
Non-Operating Income
21,629
27,857
(372)
(25,632)
Total Non-Operating Income
43,258
55,714
(744)
(60,472)
Income Before Provision for Income Taxes
720,772
768,677
484,299
67,016
Provision for Income Taxes
205,777
194,661
148,886
56,631
Consolidated Net Income
514,995
574,016
335,413
10,385
Net Income Attributable to Minority Interests and Other
8,074
7,793
7,290
7,569
Net Income Attributable to Common Shareholders
506,921
566,223
328,123
2,816
Basic EPS
10.71
11.14
6.53
0.06
Diluted EPS
10.46
10.69
6.22
0.06
Basic Weighted Average Shares Outstanding
47,319
50,839
50,250
50,048
Diluted Weighted Average Shares Outstanding
48,476
52,971
52,726
50,048
Shares Outstanding
45,005
49,735
50,500
49,002
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
759,540
772,727
900,884
517,602
Short-Term Investments
25,036
116,221
—
—
Total Cash and Cash Equivalents
784,576
888,948
900,884
517,602
Accounts Receivable
146,757
105,324
78,346
104,506
Total Trade Receivables
146,757
105,324
78,346
104,506
Inventories
601,218
575,005
469,466
505,621
Other Current Assets
117,913
104,154
88,569
100,289
Total Current Assets
1,650,464
1,673,431
1,537,265
1,228,018
Net Property, Plant & Equipment
1,671,478
1,378,894
1,216,289
1,275,135
Other Long-Term Assets
219,932
247,562
220,679
209,947
Total Assets
3,541,874
3,299,887
2,974,233
2,713,100
Accounts Payable
377,465
364,532
296,976
258,895
Accrued Expenses
465,549
504,922
436,655
413,303
Current Portion of Leases
241,265
211,600
179,625
213,979
Other Current Liabilities
21,721
45,890
53,564
16,023
Total Current Liabilities
1,106,000
1,126,944
966,820
902,200
Long-Term Debt
—
—
222,119
296,852
Leases
926,830
740,013
646,624
713,361
Other Long-Term Liabilities
88,633
81,607
88,683
94,118
Total Long-Term Liabilities
1,015,463
821,620
957,426
1,104,331
Total Liabilities
2,121,463
1,948,564
1,924,246
2,006,531
Common Stock
1,033
1,033
1,033
1,033
Treasury Stock
(2,590,446)
(2,145,890)
(1,895,143)
(1,953,735)
Additional Paid-in Capital
421,662
422,912
421,609
416,255
Accumulated Other Comprehensive Income
(126,168)
(139,151)
(135,968)
(137,527)
Retained Earnings
3,697,814
3,196,724
2,643,629
2,368,815
Total Common Shareholders' Equity
1,403,895
1,335,628
1,035,160
694,841
Minority Interests and Other
16,516
15,695
14,827
11,728
Total Shareholders' Equity
1,420,411
1,351,323
1,049,987
706,569
Total Liabilities and Shareholders' Equity
3,541,874
3,299,887
2,974,233
2,713,100
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
514,995
574,016
335,413
10,385
Depreciation & Amortization
174,359
169,345
151,900
133,590
Share-Based Compensation Expense
39,048
38,667
40,122
28,995
Other Adjustments
56,080
3,872
11,929
26,031
Changes in Inventories
(22,058)
(106,874)
35,043
18,505
Changes in Accounts Payable
(45,128)
129,262
82,925
(115,152)
Changes in Income Taxes Payable
(24,169)
(9,845)
35,806
(7,390)
Changes in Other Operating Activities
(73,985)
(88,067)
(39,716)
(97,307)
Cash from Operating Activities
619,142
710,376
653,422
(2,343)
Capital Expenditure
(240,774)
(182,903)
(157,797)
(164,566)
Proceeds from Sale of Property, Plant & Equipment
—
—
615
11,891
Purchases of Investments
(24,800)
(139,600)
—
—
Proceeds from Sale of Investments
114,800
24,800
—
—
Other Investing Activities
—
—
—
12,000
Cash from Investing Activities
(150,774)
(297,703)
(157,182)
(140,675)
Repayments of Long-Term Debt
—
(223,331)
(77,972)
(7,862)
Net Issuance / (Repayments) of Long-Term Debt
—
(223,331)
(77,972)
(7,862)
Repurchases of Common Shares
(487,909)
(300,015)
(29,485)
(140,239)
Net Issuance / (Repurchases) of Common Shares
(487,909)
(300,015)
(29,485)
(140,239)
Other Financing Activities
(7,478)
(11,531)
(3,744)
(7,228)
Cash from Financing Activities
(495,387)
(534,877)
(111,201)
(155,329)
Effect of Exchange Rate Changes on Cash and Cash Equivalents
13,540
(7,086)
(2,923)
(8,452)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash