Abercrombie & Fitch Co. Earnings Call Transcripts
Fiscal Year 2026
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Record sales and double-digit margins were achieved in 2025, with balanced growth across brands, regions, and channels. 2026 guidance calls for continued sales and EPS growth, despite tariff and ERP headwinds, and ongoing strong shareholder returns.
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Q3 delivered record sales and strong margins despite tariff headwinds, with Hollister showing robust growth and Abercrombie brands stabilizing. Full-year guidance was raised to the top end, with continued investments in marketing, technology, and store expansion supporting long-term growth.
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Record Q2 net sales rose 7% year-over-year, with Hollister up 19% and Abercrombie down 5%. Full-year sales and margin guidance increased despite a $90 million tariff headwind, supported by strong brand momentum, clean inventory, and robust share repurchases.
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Record Q1 sales and EPS exceeded expectations, led by Hollister's strong growth, while Abercrombie & Fitch brand faced a sales decline due to lower AUR and tough comparisons. Full-year guidance was raised for sales but lowered for margins due to tariffs, with continued investment in stores and marketing.
Fiscal Year 2025
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Record 2024 results with 16% net sales growth, 53% operating income growth, and 72% EPS growth. 2025 guidance calls for 3–5% sales growth, 14–15% operating margin, and $10.40–$11.40 EPS, with continued investment in stores, digital, and global expansion.
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Record sales and margin expansion in 2024 were driven by strong product execution, omnichannel investments, and global brand momentum. Strategic store openings, digital growth, and disciplined international expansion set the stage for continued growth and profitability into 2025.
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Record Q3 sales and operating income were driven by double-digit growth across all regions and brands, with strong gross margin and disciplined expense management. Full-year guidance was raised for both sales and operating margin, reflecting continued momentum and robust holiday expectations.
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Record Q2 net sales and operating profit were driven by balanced growth across brands, regions, and channels, with strong digital and in-store performance. Full-year sales and margin guidance were raised, despite freight cost headwinds and a dynamic promotional environment.