$ANF

ABERCROMBIE & FITCH CO /DE/

CIK:0001018840|SEC Filings

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2026	Aug. 02, 2025	Aug. 01, 2026	Aug. 02, 2025
Income Statement [Abstract]
Net sales	$ 1,266,689	$ 1,208,560	$ 2,380,510	$ 2,305,871
Cost of sales, exclusive of depreciation and amortization	366,109	451,590	779,947	868,723
Selling expense	444,042	375,356	875,237	775,293
General and administrative expense	204,784	175,325	387,538	350,250
Other operating (income) loss, net	(946)	(369)	(3,709)	3,414
Operating income	252,700	206,658	341,497	308,191
Interest Expense, Operating	561	620	1,011	1,281
Interest income, net	(7,591)	(2,474)	(12,878)	(9,257)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total	260,291	209,132	354,375	317,448
Income tax expense	74,752	65,744	100,717	92,321
Net income	185,539	143,388	253,658	225,127
Less: Net income attributable to noncontrolling interests	1,819	2,005	2,804	3,331
Net income attributable to A&F	$ 183,720	$ 141,383	$ 250,854	$ 221,796
Net income per share attributable to A&F
Basic	$ 4.20	$ 2.97	$ 5.65	$ 4.58
Diluted	$ 4.17	$ 2.91	$ 5.59	$ 4.47
Weighted-average shares outstanding
Basic	43,767	47,550	44,368	48,382
Diluted	44,051	48,551	44,864	49,592
Other comprehensive income
Foreign currency translation adjustments, net of tax	$ (644)	$ 2,153	$ (1,725)	$ 12,815
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	2,179	1,048	4,233	(11,492)
Other comprehensive income	1,535	3,201	2,508	1,323
Comprehensive income	187,074	146,589	256,166	226,450
Less: Comprehensive income attributable to noncontrolling interests	1,819	2,005	2,804	3,331
Comprehensive income attributable to A&F	185,255	144,584	253,362	223,119
Interest and Other Income	$ (8,152)	$ (3,094)	$ (13,889)	$ (10,538)

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Aug. 01, 2026	Aug. 02, 2025
Operating activities
Net income	$ 253,658	$ 225,127
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	85,583	76,000
Hosting Arrangement, Service Contract, Implementation Cost, Expense, Amortization	7,546	9,660
Asset impairment	3,639	3,452
Loss on disposal	1,196	1,380
Deferred Income Tax Expense (Benefit)	12,850	19,675
Share-based compensation	20,575	20,384
Changes in assets and liabilities:
Increase (Decrease) in Accounts Receivable	(43,749)	(66,739)
Inventories	8,881	(15,164)
Accounts payable and accrued expenses	(38,526)	(102,681)
Operating lease right-of-use assets and liabilities	8,403	12,210
Income taxes	17,150	(28,536)
Other assets	(19,607)	(36,867)
Other liabilities	(4,198)	(5,008)
Net cash provided by operating activities	313,401	112,893
Investing activities
Payments to Acquire Marketable Securities	(19,600)	0
Proceeds from Sale and Maturity of Marketable Securities	34,600	85,000
Purchases of property and equipment	(129,357)	(116,943)
Net cash used for investing activities	(114,357)	(31,943)
Financing activities
Purchase of treasury stock	(286,446)	(251,223)
Payment, Tax Withholding, Share-based Payment Arrangement	(38,573)	(34,830)
Other financing activities	(4,797)	(4,660)
Net cash used for financing activities	(329,816)	(290,713)
Effect of foreign currency exchange rates on cash	(1,159)	9,700
Net decrease in cash and equivalents, and restricted cash and equivalents	(131,931)	(200,063)
Cash and equivalents, and restricted cash, beginning of period	766,916	780,395
Purchases of property and equipment accrued in accounts payable	51,422	67,376
Excise tax on share repurchases not yet paid at end of period	2,282	2,047
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	(257,320)	(248,579)
Cash paid for income taxes	69,100	104,766
Share Repurchase Program, Excise Tax	3,990	1,224
Cash received from income tax refunds	945	566
Cash paid for operating lease liabilities	180,429	150,292
Cash and equivalents, and restricted cash and equivalents, end of period	634,985	580,332
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]
Purchases of property and equipment accrued in accounts payable	51,422	67,376
Excise tax on share repurchases not yet paid at end of period	2,282	2,047
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	(257,320)	(248,579)
Cash paid for income taxes	69,100	104,766
Share Repurchase Program, Excise Tax	3,990	1,224
Cash received from income tax refunds	945	566
Cash paid for operating lease liabilities	$ 180,429	$ 150,292

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Aug. 01, 2026	Jan. 31, 2026
Current assets:
Cash and equivalents	$ 627,716	$ 759,540
Receivables	190,347	146,757
Inventories	591,662	601,218
Other current assets	125,670	117,913
Total current assets	1,545,678	1,650,464
Property and equipment, net	708,576	674,079
Operating lease right-of-use assets	1,107,421	997,399
Other assets	233,181	219,932
Total assets	3,594,856	3,541,874
Current liabilities:
Accounts payable	354,209	377,465
Accrued expenses	443,364	465,549
Short-term portion of operating lease liabilities	262,354	241,265
Income taxes payable	38,871	21,721
Total current liabilities	1,098,798	1,106,000
Long-term liabilities:
Long-term portion of operating lease liabilities	1,025,086	926,830
Other liabilities	101,310	88,633
Total long-term liabilities	1,126,396	1,015,463
Stockholders’ equity
Class A Common Stock: $0.01 par value: 150,000 shares authorized and 103,300 shares issued for all periods presented	1,033	1,033
Paid-in capital	403,035	421,662
Retained earnings	3,940,834	3,697,814
Accumulated other comprehensive loss, net of tax (“AOCL”)	(123,660)	(126,168)
Treasury stock, at average cost: 60,866 and 58,295 shares as of August 1, 2026 and January 31, 2026, respectively	(2,866,721)	(2,590,446)
Total Abercrombie & Fitch Co. stockholders’ equity	1,354,521	1,403,895
Noncontrolling interests	15,141	16,516
Total stockholders’ equity	1,369,662	1,420,411
Total liabilities and stockholders’ equity	3,594,856	3,541,874
Marketable Securities, Current	$ 10,283	$ 25,036