EX-99.2 3 q42024quarterlyhistoryupda.htm EX-99.2

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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