{"success":true,"data":{"pressRelease":{"id":"128035","rtpr_id":"nGNX6DrlCj","ticker":"ANF","exchange":"NYSE","all_tickers":["ANF"],"title":"Abercrombie & Fitch Co. Reports Second Quarter Fiscal 2026 Results","author":"Globe Newswire","published_at":"2026-08-26T11:30:00.648Z","article_body":"* Record second quarter net sales of $1.3 billion, up 5% to last year, 15th\nconsecutive quarter of growth\n* Net sales growth across regions with Americas up 5%, APAC up 19%, and EMEA\nup 2%\n* Best-ever second quarter sales across brands, led by Abercrombie brands up\n8%, with Hollister up 2%\n* Operating margin of 20%, and earnings per diluted share of $4.17, both above\noutlook in excess of IEEPA tariff refund benefit of approximately $100 million\non a pre-tax basis and $1.75 per diluted share; impact presented in table\nbelow\n* $177 million in shares repurchased in the quarter; year-to-date share\nrepurchases of $282 million totaling 7% of shares outstanding at beginning of\nthe year\n* Updates full-year outlook to net sales growth of around 5%, net income per\ndiluted share of $13.10 to $13.60, share repurchases increased to at least\n$500 million\n* Third quarter outlook of net sales growth of 5% to 6%, net income per\ndiluted share of $2.90 to $3.20, at least $100 million in share repurchases\nNEW ALBANY, Ohio, Aug. 26, 2026 (GLOBE NEWSWIRE) -- Abercrombie & Fitch Co.\n(NYSE: ANF) today announced results for the second quarter ended August 1,\n2026. These compare to results for the second quarter ended August 2, 2025.\nDescriptions of the use of non-GAAP financial measures and reconciliations of\nGAAP and non-GAAP financial measures accompany this release.\n\nFran Horowitz, Chief Executive Officer, said, “We delivered record second\nquarter net sales and our 15(th) consecutive quarter of growth, reflecting our\nteams’ continued focus on serving customers with compelling product,\nmarketing, and experiences. Growth was balanced across our brands and regions,\nhighlighted by accelerating momentum in the Americas and improving trends in\nEMEA. Both brands achieved record second quarter net sales, led by 8% growth\nat Abercrombie brands. We also delivered on the bottom line, with both\noperating margin and earnings per diluted share above our outlook, in excess\nof the tariff refunds benefit. Year-to-date, we continued to use our strong\nbalance sheet to invest in the business across stores, digital, technology and\nmarketing, while also repurchasing 7% of shares outstanding as of the\nbeginning of the year.\n\nAfter a strong start to the year, we are updating our full-year sales and\noperating margin outlook and remain confident in our long-term growth path and\ninvestment priorities. Importantly, we are adding incremental growth levers\nacross partnerships, distribution channels and product categories. For the\nyear, we expect to grow sales and earnings per share, underpinned by\ndouble-digit operating margins, while delivering strong cash flow and returns\nof cash to shareholders through at least $500 million of share repurchases. We\nare so excited about the foundation we’ve built and the significant growth\nopportunities ahead to strengthen our brands and create long-term shareholder\nvalue.”\n\nA summary of results for the second quarter ended August 1, 2026 as\ncompared to the second quarter ended August 2, 2025:\n* Net sales of $1.3 billion, up 5% as compared to last year, with comparable\nsales flat.\n* Operating income of $253 million, including approximately $100 million in\nrefunds of IEEPA tariffs reflected as a reduction of cost of sales as compared\nto operating income of $207 million and $168 million on a reported and\nadjusted non-GAAP basis, respectively, last year.\n* Operating margin as a percent of sales of 19.9% as compared to 17.1% and\n13.9% on a reported and adjusted non-GAAP basis, respectively, last year.\n* Net income per diluted share of $4.17 as compared to net income per diluted\nshare last year of $2.91 and $2.32 on a reported and adjusted non-GAAP basis,\nrespectively.\nA summary of the impact of IEEPA tariff refunds for the second quarter ended\nAugust 1, 2026 is as follows:\n\n Outlook ((1)) Reported Impact of IEEPA tariff refunds ((2)) \n Operating income (in Millions) $253 $100 benefit \n Operating margin Around 10% 19.9% 790 bps benefit \n Net Income per diluted share In The Range of $1.80 to $2.00 $4.17 $1.75 benefit \n\n((1)) Released May 27, 2026. \n((2) )Reflects the impact of International Emergency Economic Powers Act\n(“IEEPA”) tariff refunds received in the second quarter on operating\nincome, operating margin, and per diluted share. The per diluted share\nestimated impact is calculated using a 26% tax rate.\n\nDetails related to reported net income per diluted share and adjusted net\nincome per diluted share for the second quarter are as follows:\n\n 2026 2025 \n GAAP $ 4.17 $ 2.91 \n Excluded item, net of tax effect ((1)) — 0.59 \n Adjusted non-GAAP $ 4.17 $ 2.32 \n Impact from changes in foreign currency exchange rates ((2)) — 0.01 \n Adjusted non-GAAP constant currency $ 4.17 $ 2.33 \n\n((1)  )Excluded item consists of a favorable settlement, net of legal fees,\nof payment card interchange fee litigation.\n((2)  )The estimated impact from foreign currency is calculated by applying\ncurrent period exchange rates to prior year results using a 26% tax rate.\n\n\n\n Net Sales \n\nNet sales by segment and brand for the second quarter are as follows:\n\n (in thousands) 2026 2025 1 YR % Change Comparable sales ((2)) \n Net sales by segment: ((1)) \n Americas ((3)) $ 1,020,537 $ 974,200 5% 1% \n EMEA ((4)) 201,990 197,210 2% (4)% \n APAC ((5)) 44,162 37,150 19% 13% \n Total company $ 1,266,689 $ 1,208,560 5 % —% \n \n 2026 2025 1 YR % Change Comparable sales ((2)) \n Net sales by brand family: \n Abercrombie $ 596,808 $ 551,868 8% 4% \n Hollister 669,881 656,692 2% (3)% \n Total company $ 1,266,689 $ 1,208,560 5 % —% \n\n((1))   Net sales by segment are presented by attributing revenues to a\nphysical store location or geographical region that fulfills the order. \n((2))   Comparable sales are calculated on a constant currency basis. Refer\nto \"REPORTING AND USE OF GAAP AND NON-GAAP MEASURES,\" for further discussion.\n((3))   The Americas segment includes the results of operations in North\nAmerica and South America.\n((4))   The EMEA segment includes the results of operations in Europe, the\nMiddle East and Africa.\n((5))   The APAC segment includes the results of operations in the\nAsia-Pacific region, including Asia and Oceania.\n\n\n\n Financial Position and Liquidity \n\nAs of August 1, 2026, the company had:\n* Cash and equivalents of $628 million compared to $760 million and $573\nmillion as of January 31, 2026 and August 2, 2025, respectively.\n* Marketable securities of $10 million compared to $25 million and $31 million\nas of January 31, 2026 and August 2, 2025, respectively.\n* Inventories of $592 million compared to $601 million and $593 million as of\nJanuary 31, 2026 and August 2, 2025, respectively.\n* Borrowing capacity of $500 million under the senior-secured asset-based\nrevolving credit facility (the “ABL Facility”) with net borrowing\navailable of $450 million after minimum excess availability requirement.\n* Liquidity comprised of cash and equivalents and borrowing available under\nthe ABL Facility, of approximately $1.1 billion as of August 1, 2026. This\ncompares to liquidity of $1.2 billion and $1.0 billion as of January 31, 2026\nand August 2, 2025, respectively.\n\n\n Cash Flow and Capital Allocation \n\nDetails related to the company’s cash flows for the year-to-date period\nended August 1, 2026 are as follows:\n* Net cash provided by operating activities of $313 million.\n* Net cash used for investing activities of $114 million, primarily reflecting\ncapital expenditures.\n* Net cash used for financing activities of $330 million, primarily reflecting\nshare repurchases.\nDuring the second quarter of 2026, the company repurchased 2.0 million shares\nfor approximately $177 million. For the year-to-date period ended August 1,\n2026, the company repurchased 3.2 million shares for $282 million,\nrepresenting a 7% reduction in shares outstanding from the beginning of the\nyear. The company has $568 million remaining on the share repurchase\nauthorization established in March 2025.\n\nDepreciation and amortization was $86 million for the year-to-date period\nended August 1, 2026.\n\n Fiscal 2026 Outlook \n\n\n\n The following outlook replaces all previous full year guidance. For fiscal 2026, the company now expects: \n Current Full Year Outlook Previous Full Year Outlook ((1)) \n Net sales Growth Around 5% Growth In The Range of 3% to 5% \n IEEPA tariff refund impact (bps) ((2)) Favorability of around 220 bps None Assumed \n Operating margin ((2) (3)) In The Range of 14.5% to 15.0% In The Range of 12.0% to 12.5% \n Effective tax rate ((4)) Around 29% Around 30% \n Net income per diluted share ((2) (3) (5)) In The Range of $13.10 to $13.60 In The Range of $10.20 to $11.00 \n Share repurchases ((6)) At least $500 million Around $450 million \n Diluted weighted average shares ((5) (6)) Around 44 million Around 44 million \n Capital expenditures Around $250 million Around $225 million \n Real estate activity ((7)) ~30 Net Store Openings ~30 Net Store Openings \n (all approximate) 50 Openings, 20 Closures 50 Openings, 20 Closures \n 80 Remodels and Right-Sizes 80 Remodels and Right-Sizes \n \n \n Third Quarter Outlook \n Net sales Growth In The Range of 5% to 6% \n IEEPA tariff refund impact (bps) ((2)) Favorability of around 160 bps \n Operating margin ((2) (3)) In The Range of 13.0% to 14.0% \n Effective tax rate ((4)) Around 29% \n Net income per diluted share ((2) (3) (5)) In The Range of $2.90 to $3.20 \n Share repurchases ((6)) At least $100 million \n Diluted weighted average shares ((5) (6)) Around 43 million \n\n((1) )Released May 27, 2026. \n((2) )Reflects estimated International Emergency Economic Powers Act\n(“IEEPA”) tariff refunds of $20 million and $120 million in third quarter\nand full year fiscal 2026, respectively. Estimate excludes the assumed impact\nof accrued interest paid on tariff refunds. The company also estimates third\nquarter and full year 2026 impact of tariff refunds on net income per diluted\nshare, inclusive of interest, to be $0.35 and $2.10, respectively. \n((3) )Reflects the estimated impact, net of planned mitigation efforts, of an\neffective 10% to 12.5% tariff rate on all goods imported into the United\nStates for the remainder of fiscal 2026, updated from a 15% effective rate in\nthe Previous Full Year Outlook. The combined estimated impact of the tariff\nexpense and IEEPA tariff refunds is reflected in the Company’s current\nfiscal 2026 outlook, including operating margin and net income per diluted\nshare. \n((4) )The current outlook for effective tax rate is sensitive to the\njurisdictional mix and level of income and does not include the impact of\npotential future tax policy or legislative changes. \n((5) )The current outlook for net income per diluted share and diluted\nweighted average shares includes the anticipated impact to shares outstanding\nfrom potential share repurchase activity in fiscal 2026. \n((6) )The timing and amount of any such repurchases will be determined based\non an evaluation of market conditions, the company’s share price, legal\nrequirements, and other factors. \n((7)() )Owned-and-operated stores only.\n\n\n\n Conference Call \n\nToday at 8:30 a.m. ET, the company will conduct a conference call and provide\nadditional details around its quarterly results and its outlook for the third\nquarter. To access the call by phone, participants will need to register at\nthe following URL address to obtain a dial-in number and passcode:\n\nhttps://register-conf.media-server.com/register/BI214c6f6c229b4c3d9707cbf8458b5cfc \n\nA presentation of second quarter results will be available in the\n“Investors” section at corporate.abercrombie.com at approximately 7:30\na.m. ET, today. Important information may be disseminated initially or\nexclusively via the website; investors should consult the site to access this\ninformation.\n\n\n\n Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 \n\nThis Press Release and related statements by management or spokespeople of\nAbercrombie & Fitch Co. (A&F) contain forward-looking statements (as such term\nis defined in the Private Securities Litigation Reform Act of 1995). These\nstatements, including, without limitation, statements regarding our 2026 third\nquarter and annual fiscal 2026 results, relate to our current assumptions,\nprojections and expectations about our business and future events. Any such\nforward-looking statements involve risks and uncertainties and are subject to\nchange based on various important factors, many of which may be beyond the\ncompany’s control. The inclusion of such information should not be regarded\nas a representation by the company, or any other person, that the objectives\nof the company will be achieved. Words such as “estimate,” “project,”\n“plan,” “goal,” “believe,” “expect,” “anticipate,”\n“intend,” “should,” “are confident,” “will,” “could,”\n“outlook,” and similar expressions may identify forward-looking\nstatements. Except as may be required by applicable law, we assume no\nobligation to publicly update or revise any forward-looking statements,\nincluding any financial targets, estimates, or performance outlooks whether as\na result of new information, future events, or otherwise. Factors that may\ncause results to differ from those expressed in our forward-looking statements\ninclude, but are not limited to, the factors disclosed in Part I, Item 1A.\n“Risk Factors” of the company’s Annual Report on Form 10-K for the\nfiscal year ended January 31, 2026, and in our subsequent reports and filings\nwith the Securities and Exchange Commission, as well as the following factors:\nrisks and uncertainties related to global trade policy and international trade\ndisputes, including the impact of the imposition, or threat of imposition of\nnew or increased tariffs or modification of existing tariffs by the United\nStates or foreign governments, including uncertainty regarding the timing and\nimplementation of changes to existing tariff programs, as well as uncertainty\nregarding the availability, timing, and amount of potential tariff refunds or\nrecoveries, or other changes to trade policies or arrangements; risks related\nto changes in global economic and financial conditions, including inflation,\nand resulting impacts on consumer confidence and spending, our operating\nresults, and expense management; risks and uncertainty related to the\neffectiveness and optimization of recently implemented enterprise resource\nplanning (“ERP”) systems, including the ability to realize expected\nbenefits and manage post-implementation activities; risks related to global\noperations and supply chain, including political or climate-related conditions\nin the countries where we sell or source our products, and resulting impacts\non transportation and freight costs; risks related to the geopolitical\nlandscape and ongoing armed conflicts, acts of terrorism, mass casualty\nevents, social unrest, civil disturbance or disobedience, including regional\nconflicts in the Middle East, and the impact of such conflicts or events on\ninternational trade, consumer demand, supplier delivery, energy costs or\nfreight costs; risks related to natural disasters and other unforeseen\ncatastrophic events; risks related to our failure to engage our customers,\nanticipate customer demand, expectations, and changing fashion trends, and\nmanage our inventory and product delivery; risks related to our failure to\noperate effectively in a highly competitive and constantly evolving industry;\nrisks related to our ability to successfully invest in and execute on our\ncustomer, digital and omnichannel initiatives; risks related to our ability to\nsuccessfully execute technology initiatives and partnerships, such as those\nrelating to artificial intelligence technology; risks related to our ability\nto execute on, and maintain the success of, our strategic and growth\ninitiatives, including risks related to the review of strategic alternatives\nfor our APAC region or any future strategic reviews or initiatives; risks\nrelated to the effects of seasonal fluctuations on our sales and our\nperformance during the back-to-school and holiday selling seasons; risks\nrelated to fluctuations in foreign currency exchange rates; risks related to\nfluctuations in our tax obligations and effective tax rate, including as a\nresult of earnings and losses generated from our global operations, may result\nin volatility in our results of operations; risks and uncertainty related to\nadverse public health developments; risks related to cybersecurity threats and\nprivacy or data security breaches, and the potential loss or disruption of our\ninformation technology systems; risks related to the continued validity of our\ntrademarks and our ability to protect our intellectual property; risks\nassociated with corporate responsibility, including those associated with\nclimate change; risks related to reputational harm to the company, its\nofficers, and directors; risks related to actual or threatened litigation; and\nuncertainties related to future legislation, regulatory reform, policy\nchanges, or interpretive guidance on existing laws and regulations.\n\n Other Information \n\nThis document includes certain adjusted non-GAAP financial measures, which are\nnot calculated in accordance with accounting principles generally accepted in\nthe United States of America (“GAAP”) and exclude the impact of certain\nitems. Management uses these non-GAAP financial measures to evaluate the\ncompany’s performance and manage its operations, and believes such measures\nto be helpful in understanding the company's results of operations or\nfinancial position. These non-GAAP financial measures are intended to\ncomplement, and are not considered as alternatives to, the most directly\ncomparable GAAP financial measures, as reconciled in the below tables. Also,\nsuch non-GAAP financial measures may not be comparable to similarly titled\nmeasures used by other entities. Additional details about non-GAAP financial\nmeasures and a reconciliation of GAAP financial measures to non-GAAP financial\nmeasures can be found in the “Reporting and Use of GAAP and Non-GAAP\nMeasures” section. Sub-totals and totals may not foot due to rounding. Net\nincome and net income per share financial measures included herein are\nattributable to Abercrombie & Fitch Co., excluding net income attributable to\nnoncontrolling interests.\n\nAs used in this document, references to “Americas” includes North America\nand South America, “EMEA” includes Europe, the Middle East and Africa and\n“APAC” includes the Asia-Pacific region, including Asia and Oceania.\n\n\n\n About Abercrombie & Fitch Co. \n\nAbercrombie & Fitch Co. (NYSE: ANF) is a global, digitally led, omnichannel\nspecialty retailer of apparel and accessories catering to kids through\nmillennials with assortments curated for their specific lifestyle needs.\n\nThe company operates a family of brands, including Abercrombie brands and\nHollister, with a shared commitment to offering products of enduring quality\nand exceptional comfort that support global customers on their journey to\nbeing and becoming who they are. Abercrombie & Fitch Co. operates\napproximately 850 stores under these brands across North America, Europe, Asia\nand the Middle East, as well as the e-commerce sites abercrombie.com,\nabercrombiekids.com, and HollisterCo.com.\n\n Investor Contact: Media Contact: \n \n Mo Gupta Kate Wagner \n Abercrombie & Fitch Co. Abercrombie & Fitch Co. \n (614) 283-6751 (614) 283-6192 \n Investor_Relations@anfcorp.com Public_Relations@anfcorp.com \n\n\n\n Abercrombie & Fitch Co. \n Condensed Consolidated Statements of Operations \n (in thousands, except per share data) \n (Unaudited) \n \n Thirteen Weeks Ended Thirteen Weeks Ended \n August 1, 2026 % of Net Sales August 2, 2025 % of Net Sales \n Net sales $ 1,266,689 100.0 % $ 1,208,560 100.0 % \n Cost of sales, exclusive of depreciation and amortization 366,109 28.9 % 451,590 37.4 % \n Selling expense 444,042 35.1 % 375,356 31.1 % \n General and administrative expense 204,784 16.2 % 175,325 14.5 % \n Other operating income, net (946 ) (0.1)% (369 ) — % \n Operating income 252,700 19.9 % 206,658 17.1 % \n Interest expense 561 — % 620 0.1 % \n Interest income (8,152 ) (0.6)% (3,094 ) (0.3)% \n Interest income, net (7,591 ) (0.6)% (2,474 ) (0.2)% \n Income before income taxes 260,291 20.5 % 209,132 17.3 % \n Income tax expense 74,752 5.9 % 65,744 5.4 % \n Net income 185,539 14.6 % 143,388 11.9 % \n Less: Net income attributable to noncontrolling interests 1,819 0.1 % 2,005 0.2 % \n Net income attributable to A&F $ 183,720 14.5 % $ 141,383 11.7 % \n \n Net income per share attributable to A&F \n Basic $ 4.20 $ 2.97 \n Diluted $ 4.17 $ 2.91 \n \n Weighted-average shares outstanding: \n Basic 43,767 47,550 \n Diluted 44,051 48,551 \n\n\n\n Abercrombie & Fitch Co. \n Condensed Consolidated Statements of Operations \n (in thousands, except per share data) \n (Unaudited) \n \n Twenty-Six Weeks Ended Twenty-Six Weeks Ended \n August 1, 2026 % of Net Sales August 2, 2025 % of Net Sales \n Net sales $ 2,380,510 100.0 % $ 2,305,871 100.0 % \n Cost of sales, exclusive of depreciation and amortization 779,947 32.8 % 868,723 37.7 % \n Selling expense 875,237 36.8 % 775,293 33.6 % \n General and administrative expense 387,538 16.3 % 350,250 15.2 % \n Other operating (income) loss, net (3,709 ) (0.2)% 3,414 0.1 % \n Operating income 341,497 14.3 % 308,191 13.4 % \n Interest expense 1,011 — % 1,281 0.1 % \n Interest income (13,889 ) (0.6)% (10,538 ) (0.5)% \n Interest income, net (12,878 ) (0.5)% (9,257 ) (0.4)% \n Income before income taxes 354,375 14.9 % 317,448 13.8 % \n Income tax expense 100,717 4.2 % 92,321 4.0 % \n Net income 253,658 10.7 % 225,127 9.8 % \n Less: Net income attributable to noncontrolling interests 2,804 0.1 % 3,331 0.1 % \n Net income attributable to A&F $ 250,854 10.5 % $ 221,796 9.6 % \n \n Net income per share attributable to A&F \n Basic $ 5.65 $ 4.58 \n Diluted $ 5.59 $ 4.47 \n \n Weighted-average shares outstanding: \n Basic 44,368 48,382 \n Diluted 44,864 49,592 \n\n\n\nReporting and Use of GAAP and Non-GAAP Measures\n\nThe company believes that each of the non-GAAP financial measures presented\nare useful to investors as they provide a measure of the company’s operating\nperformance excluding the effect of certain items which the company believes\ndo not reflect its future operating outlook, therefore supplementing\ninvestors’ understanding of comparability of operations across periods.\nManagement used these non-GAAP financial measures during the periods presented\nto assess the company’s performance and to develop expectations for future\noperating performance. Non-GAAP financial measures should be used\nsupplementally to, and not as an alternative to, the company’s GAAP\nfinancial results, and may not be calculated in the same manner as similar\nmeasures presented by other companies.\n\nThe company provides comparable sales, defined as the percentage\nyear-over-year change in the aggregate of: (1) sales for stores that have been\nopen as the same brand at least one year and whose square footage has not been\nexpanded or reduced by more than 20% within the past year, with prior year’s\nnet sales converted at the current year’s foreign currency exchange rate to\nremove the impact of foreign currency rate fluctuation, and (2) digital net\nsales with prior year’s net sales converted at the current year’s foreign\ncurrency exchange rate to remove the impact of foreign currency rate\nfluctuation.\n\nThe company also provides certain financial information on a constant currency\nbasis to enhance investors’ understanding of underlying business trends and\noperating performance, by removing the impact of foreign currency exchange\nrate fluctuations. The effect from foreign currency, calculated on a constant\ncurrency basis, is determined by applying current year average exchange rates\nto prior year results and is net of the year-over-year impact from hedging.\nThe per diluted share effect from foreign currency is calculated using a 26%\ntax rate.\n\nIn addition, the company provides EBITDA and adjusted EBITDA as supplemental\nmeasures used by the company’s executive management to assess the\ncompany’s performance. We also believe these supplemental performance\nmeasures are meaningful information for investors and other interested parties\nto use in computing the company’s core financial performance over multiple\nperiods and with other companies by excluding the impact of differences in tax\njurisdictions, debt service levels and capital investment.\n\n\n\n Abercrombie & Fitch Co. \n Schedule of Non-GAAP Financial Measures \n Thirteen Weeks Ended August 2, 2025 \n (in thousands, except per share data) \n (Unaudited) \n \n GAAP ((1)) Excluded items Adjusted non-GAAP \n Litigation settlement ((2)) $ (38,574 ) $ (38,574 ) $ — \n Operating income 206,658 38,574 168,084 \n Income before income taxes 209,132 38,574 170,558 \n Income tax expense ((3)) 65,744 9,949 55,795 \n Net income attributable to A&F $ 141,383 $ 28,625 $ 112,758 \n \n Net income per diluted share attributable to A&F $ 2.91 $ 0.59 $ 2.32 \n Diluted weighted-average shares outstanding: 48,551 48,551 \n\n((1) )“GAAP” refers to accounting principles generally accepted in the\nUnited States of America. \n((2) )Excluded items consist of favorable settlement, net of legal fees, of\nclaims to resolve payment card interchange fee antitrust litigation. \n((3) )The tax effect of excluded items is the difference between the tax\nprovision calculated on a GAAP basis and an adjusted non-GAAP basis.\n\n\n\n Abercrombie & Fitch Co. \n Schedule of Non-GAAP Financial Measures \n Twenty-Six Weeks Ended August 2, 2025 \n (in thousands, except per share data) \n (Unaudited) \n \n GAAP ((1)) Excluded items Adjusted non-GAAP \n Litigation settlement ((2)) $ (38,574 ) $ (38,574 ) $ — \n Operating income 308,191 38,574 269,617 \n Income before income taxes 317,448 38,574 278,874 \n Income tax expense ((3)) 92,321 9,949 82,372 \n Net income attributable to A&F $ 221,796 $ 28,625 $ 193,171 \n \n Net income per diluted share attributable to A&F $ 4.47 $ 0.58 $ 3.90 \n Diluted weighted-average shares outstanding: 49,592 49,592 \n\n((1) )“GAAP” refers to accounting principles generally accepted in the\nUnited States of America. \n((2) )Excluded items consist of favorable settlement, net of legal fees, of\nclaims to resolve payment card interchange fee antitrust litigation. \n((3) )The tax effect of excluded items is the difference between the tax\nprovision calculated on a GAAP basis and an adjusted non-GAAP basis.\n\n\n\n Abercrombie & Fitch Co. \n Reconciliation of Constant Currency Financial Measures \n Thirteen Weeks Ended August 1, 2026 and August 2, 2025 \n (in thousands, except percentage and basis point changes and per share data) \n (Unaudited) \n \n 2026 2025 % Change \n Net sales \n GAAP ((1)) $ 1,266,689 $ 1,208,560 5% \n Impact from changes in foreign currency exchange rates ((2)) — (223 ) — \n Net sales on a constant currency basis $ 1,266,689 $ 1,208,337 5% \n \n Operating income 2026 2025 BPS Change ((4)) \n GAAP ((1)) $ 252,700 $ 206,658 280 \n Excluded item ((3)) — 38,574 (320) \n Adjusted non-GAAP $ 252,700 $ 168,084 600 \n Impact from changes in foreign currency exchange rates ((2)) — 787 (10) \n Non-GAAP constant currency basis $ 252,700 $ 168,871 590 \n \n Net income per share attributable to A&F 2026 2025 $ Change \n GAAP ((1)) $ 4.17 $ 2.91 $1.26 \n Excluded item, net of tax ((3)) — 0.59 (0.59) \n Adjusted non-GAAP $ 4.17 $ 2.32 $1.85 \n Impact from changes in foreign currency exchange rates ((2)) — 0.01 (0.01) \n Non-GAAP constant currency basis $ 4.17 $ 2.33 $1.84 \n\n((1) )“GAAP” refers to accounting principles generally accepted in the\nUnited States of America. \n((2) )The estimated impact from foreign currency is determined by applying\ncurrent period exchange rates to prior year results and is net of the\nyear-over-year impact from hedging. The per diluted share estimated impact\nfrom foreign currency is calculated using a 26% tax rate. \n((3) )Excluded item consists of favorable settlement, net of legal fees, of\npayment card interchange fee litigation. \n((4) )The estimated basis point change has been rounded based on the\npercentage change.\n\n\n\n Abercrombie & Fitch Co. \n Reconciliation of EBITDA and Adjusted EBITDA \n Thirteen Weeks Ended August 1, 2026 and August 2, 2025 \n (in thousands) \n (Unaudited) \n \n 2026 % of Net Sales 2025 % of Net Sales \n Net income $ 185,539 14.6 % $ 143,388 11.9 % \n Income tax expense 74,752 5.9 65,744 5.4 \n Interest income, net (7,591 ) (0.6 ) (2,474 ) (0.2 ) \n Depreciation and amortization 43,279 3.5 37,424 3.1 \n EBITDA ((1)) $ 295,979 23.4 % $ 244,082 20.2 % \n \n Adjustments to EBITDA \n Litigation settlement — — (38,574 ) (3.2 ) \n Adjusted EBITDA ((1)) $ 295,979 23.4 % $ 205,508 17.0 % \n \n \n Abercrombie & Fitch Co. \n Reconciliation of EBITDA and Adjusted EBITDA \n Twenty-Six Weeks Ended August 1, 2026 and August 2, 2025 \n (in thousands) \n (Unaudited) \n \n 2026 % of Net Sales 2025 % of Net Sales \n Net income $ 253,658 10.7 % $ 225,127 9.8 % \n Income tax expense 100,717 4.2 92,321 4.0 \n Interest (income) expense, net (12,878 ) (0.5 ) (9,257 ) (0.4 ) \n Depreciation and amortization 85,583 3.5 76,000 3.3 \n EBITDA ((1)) $ 427,080 17.9 % $ 384,191 16.7 % \n \n Adjustments to EBITDA \n Litigation settlement — — (38,574 ) (1.7 ) \n Adjusted EBITDA ((1)) $ 427,080 17.9 % $ 345,617 15.0 % \n\n((1)   )EBITDA and Adjusted EBITDA are supplemental financial measures that\nare not defined or prepared in accordance with GAAP. EBITDA is defined as net\nincome before interest, income taxes and depreciation and amortization.\nAdjusted EBITDA is EBITDA adjusted for a favorable settlement, net of legal\nfees, of payment card interchange fee litigation.\n\n\n\n Abercrombie & Fitch Co. \n Condensed Consolidated Balance Sheets \n (in thousands) \n (Unaudited) \n \n August 1, 2026 January 31, 2026 August 2, 2025 \n Assets \n Current assets: \n Cash and equivalents $ 627,716 $ 759,540 $ 572,730 \n Marketable securities 10,283 25,036 30,795 \n Receivables 190,347 146,757 174,000 \n Inventories 591,662 601,218 592,966 \n Other current assets 125,670 117,913 118,624 \n Total current assets 1,545,678 1,650,464 1,489,115 \n Property and equipment, net 708,576 674,079 638,590 \n Operating lease right-of-use assets 1,107,421 997,399 933,559 \n Other assets 233,181 219,932 240,677 \n Total assets $ 3,594,856 $ 3,541,874 $ 3,301,941 \n \n Liabilities and stockholders’ equity \n Current liabilities: \n Accounts payable $ 354,209 $ 377,465 $ 368,051 \n Accrued expenses 443,364 465,549 429,616 \n Short-term portion of operating lease liabilities 262,354 241,265 223,020 \n Income taxes payable 38,871 21,721 17,354 \n Total current liabilities $ 1,098,798 $ 1,106,000 $ 1,038,041 \n Long-term liabilities: \n Long-term portion of operating lease liabilities $ 1,025,086 $ 926,830 $ 876,461 \n Other liabilities 101,310 88,633 80,235 \n Total long-term liabilities 1,126,396 1,015,463 956,696 \n Total Abercrombie & Fitch Co. stockholders’ equity 1,354,521 1,403,895 1,292,255 \n Noncontrolling interests 15,141 16,516 14,949 \n Total stockholders’ equity 1,369,662 1,420,411 1,307,204 \n Total liabilities and stockholders’ equity $ 3,594,856 $ 3,541,874 $ 3,301,941 \n\n\n\n Abercrombie & Fitch Co. \n Condensed Consolidated Statements of Cash Flows \n (in thousands, except per share data) \n (Unaudited) \n \n \n Twenty-Six Weeks Ended \n August 1, 2026 August 2, 2025 \n Operating activities \n Net cash provided by operating activities $ 313,401 $ 112,893 \n \n Investing activities \n Purchases of marketable securities $ (19,600 ) $ — \n Proceeds from maturities of marketable securities 34,600 85,000 \n Purchases of property and equipment (129,357 ) (116,943 ) \n Net cash used for investing activities $ (114,357 ) $ (31,943 ) \n \n Financing activities \n Purchases of common stock (286,446 ) $ (251,223 ) \n Acquisition of common stock for tax withholding obligations (38,573 ) (34,830 ) \n Other financing activities (4,797 ) (4,660 ) \n Net cash used for financing activities $ (329,816 ) $ (290,713 ) \n \n Effect of foreign currency exchange rates on cash $ (1,159 ) $ 9,700 \n Net decrease in cash and equivalents, and restricted cash and equivalents $ (131,931 ) $ (200,063 ) \n Cash and equivalents, and restricted cash and equivalents, beginning of period $ 766,916 $ 780,395 \n Cash and equivalents, and restricted cash and equivalents, end of period $ 634,985 $ 580,332 \n\n\n\n Abercrombie & Fitch Co . \n Approximate U.S. Tariff Impact Quarterly History \n \n Total Tariff Expense (Benefit) (Approximate, $ Millions) FY 2025 FY 2026 \n Q1 Q2 Q3 Q4 FY Q1 Q2 \n Tariff Expense (Benefit) ((1)) $— $5 $25 $60 $90 $20 $15 \n IEEPA Tariff Refund ((2)) $— $— $— $— $— $— $(100) \n Total Tariff Impact ($ Millions) ((3)) $— $ 5 $ 25 $ 60 $ 90 $ 20 $ (85 ) \n \n Year-Over-Year Expense (Benefit) (Approximate, $ Millions) FY 2025 FY 2026 \n Q1 Q2 Q3 Q4 FY Q1 Q2 \n Tariff Expense (Benefit) ((1)) $— $5 $25 $60 $90 $20 $10 \n IEEPA Tariff Refund ((2)) $— $— $— $— $— $— $(100) \n Total Tariff Impact ($ Millions) ((3)) $— $ 5 $ 25 $ 60 $ 90 $ 20 $ (90 ) \n \n Year-Over-Year Expense (Benefit) (Approximate, Basis Points) FY 2025 FY 2026 \n Q1 Q2 Q3 Q4 FY Q1 Q2 \n Tariff Expense (Benefit) —bps 40bps 210bps 370bps 170bps 180bps 100bps \n IEEPA Tariff Refund —bps —bps —bps —bps —bps —bps (790)bps \n Total Tariff Impact (Basis Points) —bps 40bps 210bps 370bps 170bps 180bps (690)bps \n\n((1) )Reflects the estimated impact, net of mitigation efforts, of\nthen-effective tariff rates on all goods imported into the United States and\nsold, for the period. Includes IEEPA, Section 122, and Section 301 tariffs. \n((2) )Reflects the impact of IEEPA tariff refunds, excluding accrued interest.\n\n((3) )The combined estimated impact of the tariff expense and IEEPA tariff\nrefunds is included in the Company’s fiscal 2026 outlook, including\noperating margin and net income per diluted share. Refer to outlook section\nfor further detail. Separately, for the second quarter of 2026, we estimate\nIEEPA tariff refunds of approximately $100 million had a beneficial impact of\n$1.75 on net income per diluted share.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/a9d54a34-dfff-4812-b4d4-8c8e44c90445)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX6DrlCj","title":"Abercrombie & Fitch Co. Reports Second Quarter Fiscal 2026 Results","author":"Globe Newswire","ticker":"ANF","created":"2026-08-26T11:30:00.648Z","tickers":["ANF"],"exchange":"NYSE","article_body":"* Record second quarter net sales of $1.3 billion, up 5% to last year, 15th\nconsecutive quarter of growth\n* Net sales growth across regions with Americas up 5%, APAC up 19%, and EMEA\nup 2%\n* Best-ever second quarter sales across brands, led by Abercrombie brands up\n8%, with Hollister up 2%\n* Operating margin of 20%, and earnings per diluted share of $4.17, both above\noutlook in excess of IEEPA tariff refund benefit of approximately $100 million\non a pre-tax basis and $1.75 per diluted share; impact presented in table\nbelow\n* $177 million in shares repurchased in the quarter; year-to-date share\nrepurchases of $282 million totaling 7% of shares outstanding at beginning of\nthe year\n* Updates full-year outlook to net sales growth of around 5%, net income per\ndiluted share of $13.10 to $13.60, share repurchases increased to at least\n$500 million\n* Third quarter outlook of net sales growth of 5% to 6%, net income per\ndiluted share of $2.90 to $3.20, at least $100 million in share repurchases\nNEW ALBANY, Ohio, Aug. 26, 2026 (GLOBE NEWSWIRE) -- Abercrombie & Fitch Co.\n(NYSE: ANF) today announced results for the second quarter ended August 1,\n2026. These compare to results for the second quarter ended August 2, 2025.\nDescriptions of the use of non-GAAP financial measures and reconciliations of\nGAAP and non-GAAP financial measures accompany this release.\n\nFran Horowitz, Chief Executive Officer, said, “We delivered record second\nquarter net sales and our 15(th) consecutive quarter of growth, reflecting our\nteams’ continued focus on serving customers with compelling product,\nmarketing, and experiences. Growth was balanced across our brands and regions,\nhighlighted by accelerating momentum in the Americas and improving trends in\nEMEA. Both brands achieved record second quarter net sales, led by 8% growth\nat Abercrombie brands. We also delivered on the bottom line, with both\noperating margin and earnings per diluted share above our outlook, in excess\nof the tariff refunds benefit. Year-to-date, we continued to use our strong\nbalance sheet to invest in the business across stores, digital, technology and\nmarketing, while also repurchasing 7% of shares outstanding as of the\nbeginning of the year.\n\nAfter a strong start to the year, we are updating our full-year sales and\noperating margin outlook and remain confident in our long-term growth path and\ninvestment priorities. Importantly, we are adding incremental growth levers\nacross partnerships, distribution channels and product categories. For the\nyear, we expect to grow sales and earnings per share, underpinned by\ndouble-digit operating margins, while delivering strong cash flow and returns\nof cash to shareholders through at least $500 million of share repurchases. We\nare so excited about the foundation we’ve built and the significant growth\nopportunities ahead to strengthen our brands and create long-term shareholder\nvalue.”\n\nA summary of results for the second quarter ended August 1, 2026 as\ncompared to the second quarter ended August 2, 2025:\n* Net sales of $1.3 billion, up 5% as compared to last year, with comparable\nsales flat.\n* Operating income of $253 million, including approximately $100 million in\nrefunds of IEEPA tariffs reflected as a reduction of cost of sales as compared\nto operating income of $207 million and $168 million on a reported and\nadjusted non-GAAP basis, respectively, last year.\n* Operating margin as a percent of sales of 19.9% as compared to 17.1% and\n13.9% on a reported and adjusted non-GAAP basis, respectively, last year.\n* Net income per diluted share of $4.17 as compared to net income per diluted\nshare last year of $2.91 and $2.32 on a reported and adjusted non-GAAP basis,\nrespectively.\nA summary of the impact of IEEPA tariff refunds for the second quarter ended\nAugust 1, 2026 is as follows:\n\n Outlook ((1)) Reported Impact of IEEPA tariff refunds ((2)) \n Operating income (in Millions) $253 $100 benefit \n Operating margin Around 10% 19.9% 790 bps benefit \n Net Income per diluted share In The Range of $1.80 to $2.00 $4.17 $1.75 benefit \n\n((1)) Released May 27, 2026. \n((2) )Reflects the impact of International Emergency Economic Powers Act\n(“IEEPA”) tariff refunds received in the second quarter on operating\nincome, operating margin, and per diluted share. The per diluted share\nestimated impact is calculated using a 26% tax rate.\n\nDetails related to reported net income per diluted share and adjusted net\nincome per diluted share for the second quarter are as follows:\n\n 2026 2025 \n GAAP $ 4.17 $ 2.91 \n Excluded item, net of tax effect ((1)) — 0.59 \n Adjusted non-GAAP $ 4.17 $ 2.32 \n Impact from changes in foreign currency exchange rates ((2)) — 0.01 \n Adjusted non-GAAP constant currency $ 4.17 $ 2.33 \n\n((1)  )Excluded item consists of a favorable settlement, net of legal fees,\nof payment card interchange fee litigation.\n((2)  )The estimated impact from foreign currency is calculated by applying\ncurrent period exchange rates to prior year results using a 26% tax rate.\n\n\n\n Net Sales \n\nNet sales by segment and brand for the second quarter are as follows:\n\n (in thousands) 2026 2025 1 YR % Change Comparable sales ((2)) \n Net sales by segment: ((1)) \n Americas ((3)) $ 1,020,537 $ 974,200 5% 1% \n EMEA ((4)) 201,990 197,210 2% (4)% \n APAC ((5)) 44,162 37,150 19% 13% \n Total company $ 1,266,689 $ 1,208,560 5 % —% \n \n 2026 2025 1 YR % Change Comparable sales ((2)) \n Net sales by brand family: \n Abercrombie $ 596,808 $ 551,868 8% 4% \n Hollister 669,881 656,692 2% (3)% \n Total company $ 1,266,689 $ 1,208,560 5 % —% \n\n((1))   Net sales by segment are presented by attributing revenues to a\nphysical store location or geographical region that fulfills the order. \n((2))   Comparable sales are calculated on a constant currency basis. Refer\nto \"REPORTING AND USE OF GAAP AND NON-GAAP MEASURES,\" for further discussion.\n((3))   The Americas segment includes the results of operations in North\nAmerica and South America.\n((4))   The EMEA segment includes the results of operations in Europe, the\nMiddle East and Africa.\n((5))   The APAC segment includes the results of operations in the\nAsia-Pacific region, including Asia and Oceania.\n\n\n\n Financial Position and Liquidity \n\nAs of August 1, 2026, the company had:\n* Cash and equivalents of $628 million compared to $760 million and $573\nmillion as of January 31, 2026 and August 2, 2025, respectively.\n* Marketable securities of $10 million compared to $25 million and $31 million\nas of January 31, 2026 and August 2, 2025, respectively.\n* Inventories of $592 million compared to $601 million and $593 million as of\nJanuary 31, 2026 and August 2, 2025, respectively.\n* Borrowing capacity of $500 million under the senior-secured asset-based\nrevolving credit facility (the “ABL Facility”) with net borrowing\navailable of $450 million after minimum excess availability requirement.\n* Liquidity comprised of cash and equivalents and borrowing available under\nthe ABL Facility, of approximately $1.1 billion as of August 1, 2026. This\ncompares to liquidity of $1.2 billion and $1.0 billion as of January 31, 2026\nand August 2, 2025, respectively.\n\n\n Cash Flow and Capital Allocation \n\nDetails related to the company’s cash flows for the year-to-date period\nended August 1, 2026 are as follows:\n* Net cash provided by operating activities of $313 million.\n* Net cash used for investing activities of $114 million, primarily reflecting\ncapital expenditures.\n* Net cash used for financing activities of $330 million, primarily reflecting\nshare repurchases.\nDuring the second quarter of 2026, the company repurchased 2.0 million shares\nfor approximately $177 million. For the year-to-date period ended August 1,\n2026, the company repurchased 3.2 million shares for $282 million,\nrepresenting a 7% reduction in shares outstanding from the beginning of the\nyear. The company has $568 million remaining on the share repurchase\nauthorization established in March 2025.\n\nDepreciation and amortization was $86 million for the year-to-date period\nended August 1, 2026.\n\n Fiscal 2026 Outlook \n\n\n\n The following outlook replaces all previous full year guidance. For fiscal 2026, the company now expects: \n Current Full Year Outlook Previous Full Year Outlook ((1)) \n Net sales Growth Around 5% Growth In The Range of 3% to 5% \n IEEPA tariff refund impact (bps) ((2)) Favorability of around 220 bps None Assumed \n Operating margin ((2) (3)) In The Range of 14.5% to 15.0% In The Range of 12.0% to 12.5% \n Effective tax rate ((4)) Around 29% Around 30% \n Net income per diluted share ((2) (3) (5)) In The Range of $13.10 to $13.60 In The Range of $10.20 to $11.00 \n Share repurchases ((6)) At least $500 million Around $450 million \n Diluted weighted average shares ((5) (6)) Around 44 million Around 44 million \n Capital expenditures Around $250 million Around $225 million \n Real estate activity ((7)) ~30 Net Store Openings ~30 Net Store Openings \n (all approximate) 50 Openings, 20 Closures 50 Openings, 20 Closures \n 80 Remodels and Right-Sizes 80 Remodels and Right-Sizes \n \n \n Third Quarter Outlook \n Net sales Growth In The Range of 5% to 6% \n IEEPA tariff refund impact (bps) ((2)) Favorability of around 160 bps \n Operating margin ((2) (3)) In The Range of 13.0% to 14.0% \n Effective tax rate ((4)) Around 29% \n Net income per diluted share ((2) (3) (5)) In The Range of $2.90 to $3.20 \n Share repurchases ((6)) At least $100 million \n Diluted weighted average shares ((5) (6)) Around 43 million \n\n((1) )Released May 27, 2026. \n((2) )Reflects estimated International Emergency Economic Powers Act\n(“IEEPA”) tariff refunds of $20 million and $120 million in third quarter\nand full year fiscal 2026, respectively. Estimate excludes the assumed impact\nof accrued interest paid on tariff refunds. The company also estimates third\nquarter and full year 2026 impact of tariff refunds on net income per diluted\nshare, inclusive of interest, to be $0.35 and $2.10, respectively. \n((3) )Reflects the estimated impact, net of planned mitigation efforts, of an\neffective 10% to 12.5% tariff rate on all goods imported into the United\nStates for the remainder of fiscal 2026, updated from a 15% effective rate in\nthe Previous Full Year Outlook. The combined estimated impact of the tariff\nexpense and IEEPA tariff refunds is reflected in the Company’s current\nfiscal 2026 outlook, including operating margin and net income per diluted\nshare. \n((4) )The current outlook for effective tax rate is sensitive to the\njurisdictional mix and level of income and does not include the impact of\npotential future tax policy or legislative changes. \n((5) )The current outlook for net income per diluted share and diluted\nweighted average shares includes the anticipated impact to shares outstanding\nfrom potential share repurchase activity in fiscal 2026. \n((6) )The timing and amount of any such repurchases will be determined based\non an evaluation of market conditions, the company’s share price, legal\nrequirements, and other factors. \n((7)() )Owned-and-operated stores only.\n\n\n\n Conference Call \n\nToday at 8:30 a.m. ET, the company will conduct a conference call and provide\nadditional details around its quarterly results and its outlook for the third\nquarter. To access the call by phone, participants will need to register at\nthe following URL address to obtain a dial-in number and passcode:\n\nhttps://register-conf.media-server.com/register/BI214c6f6c229b4c3d9707cbf8458b5cfc \n\nA presentation of second quarter results will be available in the\n“Investors” section at corporate.abercrombie.com at approximately 7:30\na.m. ET, today. Important information may be disseminated initially or\nexclusively via the website; investors should consult the site to access this\ninformation.\n\n\n\n Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 \n\nThis Press Release and related statements by management or spokespeople of\nAbercrombie & Fitch Co. (A&F) contain forward-looking statements (as such term\nis defined in the Private Securities Litigation Reform Act of 1995). These\nstatements, including, without limitation, statements regarding our 2026 third\nquarter and annual fiscal 2026 results, relate to our current assumptions,\nprojections and expectations about our business and future events. Any such\nforward-looking statements involve risks and uncertainties and are subject to\nchange based on various important factors, many of which may be beyond the\ncompany’s control. The inclusion of such information should not be regarded\nas a representation by the company, or any other person, that the objectives\nof the company will be achieved. Words such as “estimate,” “project,”\n“plan,” “goal,” “believe,” “expect,” “anticipate,”\n“intend,” “should,” “are confident,” “will,” “could,”\n“outlook,” and similar expressions may identify forward-looking\nstatements. Except as may be required by applicable law, we assume no\nobligation to publicly update or revise any forward-looking statements,\nincluding any financial targets, estimates, or performance outlooks whether as\na result of new information, future events, or otherwise. Factors that may\ncause results to differ from those expressed in our forward-looking statements\ninclude, but are not limited to, the factors disclosed in Part I, Item 1A.\n“Risk Factors” of the company’s Annual Report on Form 10-K for the\nfiscal year ended January 31, 2026, and in our subsequent reports and filings\nwith the Securities and Exchange Commission, as well as the following factors:\nrisks and uncertainties related to global trade policy and international trade\ndisputes, including the impact of the imposition, or threat of imposition of\nnew or increased tariffs or modification of existing tariffs by the United\nStates or foreign governments, including uncertainty regarding the timing and\nimplementation of changes to existing tariff programs, as well as uncertainty\nregarding the availability, timing, and amount of potential tariff refunds or\nrecoveries, or other changes to trade policies or arrangements; risks related\nto changes in global economic and financial conditions, including inflation,\nand resulting impacts on consumer confidence and spending, our operating\nresults, and expense management; risks and uncertainty related to the\neffectiveness and optimization of recently implemented enterprise resource\nplanning (“ERP”) systems, including the ability to realize expected\nbenefits and manage post-implementation activities; risks related to global\noperations and supply chain, including political or climate-related conditions\nin the countries where we sell or source our products, and resulting impacts\non transportation and freight costs; risks related to the geopolitical\nlandscape and ongoing armed conflicts, acts of terrorism, mass casualty\nevents, social unrest, civil disturbance or disobedience, including regional\nconflicts in the Middle East, and the impact of such conflicts or events on\ninternational trade, consumer demand, supplier delivery, energy costs or\nfreight costs; risks related to natural disasters and other unforeseen\ncatastrophic events; risks related to our failure to engage our customers,\nanticipate customer demand, expectations, and changing fashion trends, and\nmanage our inventory and product delivery; risks related to our failure to\noperate effectively in a highly competitive and constantly evolving industry;\nrisks related to our ability to successfully invest in and execute on our\ncustomer, digital and omnichannel initiatives; risks related to our ability to\nsuccessfully execute technology initiatives and partnerships, such as those\nrelating to artificial intelligence technology; risks related to our ability\nto execute on, and maintain the success of, our strategic and growth\ninitiatives, including risks related to the review of strategic alternatives\nfor our APAC region or any future strategic reviews or initiatives; risks\nrelated to the effects of seasonal fluctuations on our sales and our\nperformance during the back-to-school and holiday selling seasons; risks\nrelated to fluctuations in foreign currency exchange rates; risks related to\nfluctuations in our tax obligations and effective tax rate, including as a\nresult of earnings and losses generated from our global operations, may result\nin volatility in our results of operations; risks and uncertainty related to\nadverse public health developments; risks related to cybersecurity threats and\nprivacy or data security breaches, and the potential loss or disruption of our\ninformation technology systems; risks related to the continued validity of our\ntrademarks and our ability to protect our intellectual property; risks\nassociated with corporate responsibility, including those associated with\nclimate change; risks related to reputational harm to the company, its\nofficers, and directors; risks related to actual or threatened litigation; and\nuncertainties related to future legislation, regulatory reform, policy\nchanges, or interpretive guidance on existing laws and regulations.\n\n Other Information \n\nThis document includes certain adjusted non-GAAP financial measures, which are\nnot calculated in accordance with accounting principles generally accepted in\nthe United States of America (“GAAP”) and exclude the impact of certain\nitems. Management uses these non-GAAP financial measures to evaluate the\ncompany’s performance and manage its operations, and believes such measures\nto be helpful in understanding the company's results of operations or\nfinancial position. These non-GAAP financial measures are intended to\ncomplement, and are not considered as alternatives to, the most directly\ncomparable GAAP financial measures, as reconciled in the below tables. Also,\nsuch non-GAAP financial measures may not be comparable to similarly titled\nmeasures used by other entities. Additional details about non-GAAP financial\nmeasures and a reconciliation of GAAP financial measures to non-GAAP financial\nmeasures can be found in the “Reporting and Use of GAAP and Non-GAAP\nMeasures” section. Sub-totals and totals may not foot due to rounding. Net\nincome and net income per share financial measures included herein are\nattributable to Abercrombie & Fitch Co., excluding net income attributable to\nnoncontrolling interests.\n\nAs used in this document, references to “Americas” includes North America\nand South America, “EMEA” includes Europe, the Middle East and Africa and\n“APAC” includes the Asia-Pacific region, including Asia and Oceania.\n\n\n\n About Abercrombie & Fitch Co. \n\nAbercrombie & Fitch Co. (NYSE: ANF) is a global, digitally led, omnichannel\nspecialty retailer of apparel and accessories catering to kids through\nmillennials with assortments curated for their specific lifestyle needs.\n\nThe company operates a family of brands, including Abercrombie brands and\nHollister, with a shared commitment to offering products of enduring quality\nand exceptional comfort that support global customers on their journey to\nbeing and becoming who they are. Abercrombie & Fitch Co. operates\napproximately 850 stores under these brands across North America, Europe, Asia\nand the Middle East, as well as the e-commerce sites abercrombie.com,\nabercrombiekids.com, and HollisterCo.com.\n\n Investor Contact: Media Contact: \n \n Mo Gupta Kate Wagner \n Abercrombie & Fitch Co. Abercrombie & Fitch Co. \n (614) 283-6751 (614) 283-6192 \n Investor_Relations@anfcorp.com Public_Relations@anfcorp.com \n\n\n\n Abercrombie & Fitch Co. \n Condensed Consolidated Statements of Operations \n (in thousands, except per share data) \n (Unaudited) \n \n Thirteen Weeks Ended Thirteen Weeks Ended \n August 1, 2026 % of Net Sales August 2, 2025 % of Net Sales \n Net sales $ 1,266,689 100.0 % $ 1,208,560 100.0 % \n Cost of sales, exclusive of depreciation and amortization 366,109 28.9 % 451,590 37.4 % \n Selling expense 444,042 35.1 % 375,356 31.1 % \n General and administrative expense 204,784 16.2 % 175,325 14.5 % \n Other operating income, net (946 ) (0.1)% (369 ) — % \n Operating income 252,700 19.9 % 206,658 17.1 % \n Interest expense 561 — % 620 0.1 % \n Interest income (8,152 ) (0.6)% (3,094 ) (0.3)% \n Interest income, net (7,591 ) (0.6)% (2,474 ) (0.2)% \n Income before income taxes 260,291 20.5 % 209,132 17.3 % \n Income tax expense 74,752 5.9 % 65,744 5.4 % \n Net income 185,539 14.6 % 143,388 11.9 % \n Less: Net income attributable to noncontrolling interests 1,819 0.1 % 2,005 0.2 % \n Net income attributable to A&F $ 183,720 14.5 % $ 141,383 11.7 % \n \n Net income per share attributable to A&F \n Basic $ 4.20 $ 2.97 \n Diluted $ 4.17 $ 2.91 \n \n Weighted-average shares outstanding: \n Basic 43,767 47,550 \n Diluted 44,051 48,551 \n\n\n\n Abercrombie & Fitch Co. \n Condensed Consolidated Statements of Operations \n (in thousands, except per share data) \n (Unaudited) \n \n Twenty-Six Weeks Ended Twenty-Six Weeks Ended \n August 1, 2026 % of Net Sales August 2, 2025 % of Net Sales \n Net sales $ 2,380,510 100.0 % $ 2,305,871 100.0 % \n Cost of sales, exclusive of depreciation and amortization 779,947 32.8 % 868,723 37.7 % \n Selling expense 875,237 36.8 % 775,293 33.6 % \n General and administrative expense 387,538 16.3 % 350,250 15.2 % \n Other operating (income) loss, net (3,709 ) (0.2)% 3,414 0.1 % \n Operating income 341,497 14.3 % 308,191 13.4 % \n Interest expense 1,011 — % 1,281 0.1 % \n Interest income (13,889 ) (0.6)% (10,538 ) (0.5)% \n Interest income, net (12,878 ) (0.5)% (9,257 ) (0.4)% \n Income before income taxes 354,375 14.9 % 317,448 13.8 % \n Income tax expense 100,717 4.2 % 92,321 4.0 % \n Net income 253,658 10.7 % 225,127 9.8 % \n Less: Net income attributable to noncontrolling interests 2,804 0.1 % 3,331 0.1 % \n Net income attributable to A&F $ 250,854 10.5 % $ 221,796 9.6 % \n \n Net income per share attributable to A&F \n Basic $ 5.65 $ 4.58 \n Diluted $ 5.59 $ 4.47 \n \n Weighted-average shares outstanding: \n Basic 44,368 48,382 \n Diluted 44,864 49,592 \n\n\n\nReporting and Use of GAAP and Non-GAAP Measures\n\nThe company believes that each of the non-GAAP financial measures presented\nare useful to investors as they provide a measure of the company’s operating\nperformance excluding the effect of certain items which the company believes\ndo not reflect its future operating outlook, therefore supplementing\ninvestors’ understanding of comparability of operations across periods.\nManagement used these non-GAAP financial measures during the periods presented\nto assess the company’s performance and to develop expectations for future\noperating performance. Non-GAAP financial measures should be used\nsupplementally to, and not as an alternative to, the company’s GAAP\nfinancial results, and may not be calculated in the same manner as similar\nmeasures presented by other companies.\n\nThe company provides comparable sales, defined as the percentage\nyear-over-year change in the aggregate of: (1) sales for stores that have been\nopen as the same brand at least one year and whose square footage has not been\nexpanded or reduced by more than 20% within the past year, with prior year’s\nnet sales converted at the current year’s foreign currency exchange rate to\nremove the impact of foreign currency rate fluctuation, and (2) digital net\nsales with prior year’s net sales converted at the current year’s foreign\ncurrency exchange rate to remove the impact of foreign currency rate\nfluctuation.\n\nThe company also provides certain financial information on a constant currency\nbasis to enhance investors’ understanding of underlying business trends and\noperating performance, by removing the impact of foreign currency exchange\nrate fluctuations. The effect from foreign currency, calculated on a constant\ncurrency basis, is determined by applying current year average exchange rates\nto prior year results and is net of the year-over-year impact from hedging.\nThe per diluted share effect from foreign currency is calculated using a 26%\ntax rate.\n\nIn addition, the company provides EBITDA and adjusted EBITDA as supplemental\nmeasures used by the company’s executive management to assess the\ncompany’s performance. We also believe these supplemental performance\nmeasures are meaningful information for investors and other interested parties\nto use in computing the company’s core financial performance over multiple\nperiods and with other companies by excluding the impact of differences in tax\njurisdictions, debt service levels and capital investment.\n\n\n\n Abercrombie & Fitch Co. \n Schedule of Non-GAAP Financial Measures \n Thirteen Weeks Ended August 2, 2025 \n (in thousands, except per share data) \n (Unaudited) \n \n GAAP ((1)) Excluded items Adjusted non-GAAP \n Litigation settlement ((2)) $ (38,574 ) $ (38,574 ) $ — \n Operating income 206,658 38,574 168,084 \n Income before income taxes 209,132 38,574 170,558 \n Income tax expense ((3)) 65,744 9,949 55,795 \n Net income attributable to A&F $ 141,383 $ 28,625 $ 112,758 \n \n Net income per diluted share attributable to A&F $ 2.91 $ 0.59 $ 2.32 \n Diluted weighted-average shares outstanding: 48,551 48,551 \n\n((1) )“GAAP” refers to accounting principles generally accepted in the\nUnited States of America. \n((2) )Excluded items consist of favorable settlement, net of legal fees, of\nclaims to resolve payment card interchange fee antitrust litigation. \n((3) )The tax effect of excluded items is the difference between the tax\nprovision calculated on a GAAP basis and an adjusted non-GAAP basis.\n\n\n\n Abercrombie & Fitch Co. \n Schedule of Non-GAAP Financial Measures \n Twenty-Six Weeks Ended August 2, 2025 \n (in thousands, except per share data) \n (Unaudited) \n \n GAAP ((1)) Excluded items Adjusted non-GAAP \n Litigation settlement ((2)) $ (38,574 ) $ (38,574 ) $ — \n Operating income 308,191 38,574 269,617 \n Income before income taxes 317,448 38,574 278,874 \n Income tax expense ((3)) 92,321 9,949 82,372 \n Net income attributable to A&F $ 221,796 $ 28,625 $ 193,171 \n \n Net income per diluted share attributable to A&F $ 4.47 $ 0.58 $ 3.90 \n Diluted weighted-average shares outstanding: 49,592 49,592 \n\n((1) )“GAAP” refers to accounting principles generally accepted in the\nUnited States of America. \n((2) )Excluded items consist of favorable settlement, net of legal fees, of\nclaims to resolve payment card interchange fee antitrust litigation. \n((3) )The tax effect of excluded items is the difference between the tax\nprovision calculated on a GAAP basis and an adjusted non-GAAP basis.\n\n\n\n Abercrombie & Fitch Co. \n Reconciliation of Constant Currency Financial Measures \n Thirteen Weeks Ended August 1, 2026 and August 2, 2025 \n (in thousands, except percentage and basis point changes and per share data) \n (Unaudited) \n \n 2026 2025 % Change \n Net sales \n GAAP ((1)) $ 1,266,689 $ 1,208,560 5% \n Impact from changes in foreign currency exchange rates ((2)) — (223 ) — \n Net sales on a constant currency basis $ 1,266,689 $ 1,208,337 5% \n \n Operating income 2026 2025 BPS Change ((4)) \n GAAP ((1)) $ 252,700 $ 206,658 280 \n Excluded item ((3)) — 38,574 (320) \n Adjusted non-GAAP $ 252,700 $ 168,084 600 \n Impact from changes in foreign currency exchange rates ((2)) — 787 (10) \n Non-GAAP constant currency basis $ 252,700 $ 168,871 590 \n \n Net income per share attributable to A&F 2026 2025 $ Change \n GAAP ((1)) $ 4.17 $ 2.91 $1.26 \n Excluded item, net of tax ((3)) — 0.59 (0.59) \n Adjusted non-GAAP $ 4.17 $ 2.32 $1.85 \n Impact from changes in foreign currency exchange rates ((2)) — 0.01 (0.01) \n Non-GAAP constant currency basis $ 4.17 $ 2.33 $1.84 \n\n((1) )“GAAP” refers to accounting principles generally accepted in the\nUnited States of America. \n((2) )The estimated impact from foreign currency is determined by applying\ncurrent period exchange rates to prior year results and is net of the\nyear-over-year impact from hedging. The per diluted share estimated impact\nfrom foreign currency is calculated using a 26% tax rate. \n((3) )Excluded item consists of favorable settlement, net of legal fees, of\npayment card interchange fee litigation. \n((4) )The estimated basis point change has been rounded based on the\npercentage change.\n\n\n\n Abercrombie & Fitch Co. \n Reconciliation of EBITDA and Adjusted EBITDA \n Thirteen Weeks Ended August 1, 2026 and August 2, 2025 \n (in thousands) \n (Unaudited) \n \n 2026 % of Net Sales 2025 % of Net Sales \n Net income $ 185,539 14.6 % $ 143,388 11.9 % \n Income tax expense 74,752 5.9 65,744 5.4 \n Interest income, net (7,591 ) (0.6 ) (2,474 ) (0.2 ) \n Depreciation and amortization 43,279 3.5 37,424 3.1 \n EBITDA ((1)) $ 295,979 23.4 % $ 244,082 20.2 % \n \n Adjustments to EBITDA \n Litigation settlement — — (38,574 ) (3.2 ) \n Adjusted EBITDA ((1)) $ 295,979 23.4 % $ 205,508 17.0 % \n \n \n Abercrombie & Fitch Co. \n Reconciliation of EBITDA and Adjusted EBITDA \n Twenty-Six Weeks Ended August 1, 2026 and August 2, 2025 \n (in thousands) \n (Unaudited) \n \n 2026 % of Net Sales 2025 % of Net Sales \n Net income $ 253,658 10.7 % $ 225,127 9.8 % \n Income tax expense 100,717 4.2 92,321 4.0 \n Interest (income) expense, net (12,878 ) (0.5 ) (9,257 ) (0.4 ) \n Depreciation and amortization 85,583 3.5 76,000 3.3 \n EBITDA ((1)) $ 427,080 17.9 % $ 384,191 16.7 % \n \n Adjustments to EBITDA \n Litigation settlement — — (38,574 ) (1.7 ) \n Adjusted EBITDA ((1)) $ 427,080 17.9 % $ 345,617 15.0 % \n\n((1)   )EBITDA and Adjusted EBITDA are supplemental financial measures that\nare not defined or prepared in accordance with GAAP. EBITDA is defined as net\nincome before interest, income taxes and depreciation and amortization.\nAdjusted EBITDA is EBITDA adjusted for a favorable settlement, net of legal\nfees, of payment card interchange fee litigation.\n\n\n\n Abercrombie & Fitch Co. \n Condensed Consolidated Balance Sheets \n (in thousands) \n (Unaudited) \n \n August 1, 2026 January 31, 2026 August 2, 2025 \n Assets \n Current assets: \n Cash and equivalents $ 627,716 $ 759,540 $ 572,730 \n Marketable securities 10,283 25,036 30,795 \n Receivables 190,347 146,757 174,000 \n Inventories 591,662 601,218 592,966 \n Other current assets 125,670 117,913 118,624 \n Total current assets 1,545,678 1,650,464 1,489,115 \n Property and equipment, net 708,576 674,079 638,590 \n Operating lease right-of-use assets 1,107,421 997,399 933,559 \n Other assets 233,181 219,932 240,677 \n Total assets $ 3,594,856 $ 3,541,874 $ 3,301,941 \n \n Liabilities and stockholders’ equity \n Current liabilities: \n Accounts payable $ 354,209 $ 377,465 $ 368,051 \n Accrued expenses 443,364 465,549 429,616 \n Short-term portion of operating lease liabilities 262,354 241,265 223,020 \n Income taxes payable 38,871 21,721 17,354 \n Total current liabilities $ 1,098,798 $ 1,106,000 $ 1,038,041 \n Long-term liabilities: \n Long-term portion of operating lease liabilities $ 1,025,086 $ 926,830 $ 876,461 \n Other liabilities 101,310 88,633 80,235 \n Total long-term liabilities 1,126,396 1,015,463 956,696 \n Total Abercrombie & Fitch Co. stockholders’ equity 1,354,521 1,403,895 1,292,255 \n Noncontrolling interests 15,141 16,516 14,949 \n Total stockholders’ equity 1,369,662 1,420,411 1,307,204 \n Total liabilities and stockholders’ equity $ 3,594,856 $ 3,541,874 $ 3,301,941 \n\n\n\n Abercrombie & Fitch Co. \n Condensed Consolidated Statements of Cash Flows \n (in thousands, except per share data) \n (Unaudited) \n \n \n Twenty-Six Weeks Ended \n August 1, 2026 August 2, 2025 \n Operating activities \n Net cash provided by operating activities $ 313,401 $ 112,893 \n \n Investing activities \n Purchases of marketable securities $ (19,600 ) $ — \n Proceeds from maturities of marketable securities 34,600 85,000 \n Purchases of property and equipment (129,357 ) (116,943 ) \n Net cash used for investing activities $ (114,357 ) $ (31,943 ) \n \n Financing activities \n Purchases of common stock (286,446 ) $ (251,223 ) \n Acquisition of common stock for tax withholding obligations (38,573 ) (34,830 ) \n Other financing activities (4,797 ) (4,660 ) \n Net cash used for financing activities $ (329,816 ) $ (290,713 ) \n \n Effect of foreign currency exchange rates on cash $ (1,159 ) $ 9,700 \n Net decrease in cash and equivalents, and restricted cash and equivalents $ (131,931 ) $ (200,063 ) \n Cash and equivalents, and restricted cash and equivalents, beginning of period $ 766,916 $ 780,395 \n Cash and equivalents, and restricted cash and equivalents, end of period $ 634,985 $ 580,332 \n\n\n\n Abercrombie & Fitch Co . \n Approximate U.S. Tariff Impact Quarterly History \n \n Total Tariff Expense (Benefit) (Approximate, $ Millions) FY 2025 FY 2026 \n Q1 Q2 Q3 Q4 FY Q1 Q2 \n Tariff Expense (Benefit) ((1)) $— $5 $25 $60 $90 $20 $15 \n IEEPA Tariff Refund ((2)) $— $— $— $— $— $— $(100) \n Total Tariff Impact ($ Millions) ((3)) $— $ 5 $ 25 $ 60 $ 90 $ 20 $ (85 ) \n \n Year-Over-Year Expense (Benefit) (Approximate, $ Millions) FY 2025 FY 2026 \n Q1 Q2 Q3 Q4 FY Q1 Q2 \n Tariff Expense (Benefit) ((1)) $— $5 $25 $60 $90 $20 $10 \n IEEPA Tariff Refund ((2)) $— $— $— $— $— $— $(100) \n Total Tariff Impact ($ Millions) ((3)) $— $ 5 $ 25 $ 60 $ 90 $ 20 $ (90 ) \n \n Year-Over-Year Expense (Benefit) (Approximate, Basis Points) FY 2025 FY 2026 \n Q1 Q2 Q3 Q4 FY Q1 Q2 \n Tariff Expense (Benefit) —bps 40bps 210bps 370bps 170bps 180bps 100bps \n IEEPA Tariff Refund —bps —bps —bps —bps —bps —bps (790)bps \n Total Tariff Impact (Basis Points) —bps 40bps 210bps 370bps 170bps 180bps (690)bps \n\n((1) )Reflects the estimated impact, net of mitigation efforts, of\nthen-effective tariff rates on all goods imported into the United States and\nsold, for the period. Includes IEEPA, Section 122, and Section 301 tariffs. \n((2) )Reflects the impact of IEEPA tariff refunds, excluding accrued interest.\n\n((3) )The combined estimated impact of the tariff expense and IEEPA tariff\nrefunds is included in the Company’s fiscal 2026 outlook, including\noperating margin and net income per diluted share. Refer to outlook section\nfor further detail. Separately, for the second quarter of 2026, we estimate\nIEEPA tariff refunds of approximately $100 million had a beneficial impact of\n$1.75 on net income per diluted share.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/a9d54a34-dfff-4812-b4d4-8c8e44c90445)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-08-26T11:30:00.710745603Z","server_sent_at_ms":1787743800710},"received_at":"2026-08-26T11:30:00.823Z","source_url":"https://www.globenewswire.com/news-release/2026/08/26/3351233/0/en/abercrombie-fitch-co-reports-second-quarter-fiscal-2026-results.html"},"analysis":{"id":"116956","press_release_id":"128035","analysis_json":{"industry":{"label":"Textiles, Apparel & Luxury Goods","sector":"Consumer Discretionary"},"redFlags":["Q2 results and guidance raise include significant benefit from one-time IEEPA tariff refunds (~$100M pre-tax)"],"eventType":"earnings","narrative":"Abercrombie & Fitch reported record Q2 net sales of $1.27 billion, up 5% year-over-year, with diluted EPS of $4.17 handily beating the outlook range of $1.80 to $2.00.\n\nOperating margin expanded to 20%, aided by approximately $100 million in IEEPA tariff refunds which contributed $1.75 per share to the bottom line.\n\nManagement significantly raised full-year 2026 EPS guidance to $13.10 to $13.60 from $10.20 to $11.00 and increased the share repurchase target to at least $500 million.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Massive guidance raise and tariff tailwinds fuel record quarter for ANF."},"keyFigures":{"eps":4.17,"revenue":1266689000,"guidance":"FY26 EPS $13.10-$13.60 (raised from $10.20-$11.00), sales growth ~5%","revenueYoy":"5%","customDimensions":{"net_income":185539000,"buyback_guidance":500000000,"operating_income":252700000,"share_repurchases_q2":177000000,"share_repurchases_ytd":282000000,"tariff_refund_eps_impact":1.75,"tariff_refund_benefit_pretax":100000000},"operating_margin":"19.9%"},"quotedText":"We delivered record second quarter net sales and our 15(th) consecutive quarter of growth, reflecting our teams’ continued focus on serving customers with compelling product, marketing, and experiences.","namedEntities":{"people":[{"name":"Fran Horowitz","role":"Chief Executive Officer"},{"name":"Mo Gupta","role":"Investor Contact"},{"name":"Kate Wagner","role":"Media Contact"}],"products":["Abercrombie brands","Hollister"],"companies":[{"name":"Abercrombie & Fitch Co.","ticker":"ANF"}],"dollarAmounts":[{"amount":"$1.3 billion","context":"Q2 net sales"},{"amount":"$100 million","context":"IEEPA tariff refund benefit (pre-tax)"},{"amount":"$1.75","context":"IEEPA tariff refund benefit per diluted share"},{"amount":"$177 million","context":"Q2 share repurchases"},{"amount":"$282 million","context":"Year-to-date share repurchases"},{"amount":"$13.10 to $13.60","context":"FY26 net income per diluted share guidance"},{"amount":"$10.20 to $11.00","context":"Previous FY26 net income per diluted share guidance"}]},"materialImpact":{"score":5,"reasoning":"Q2 EPS of $4.17 significantly exceeded outlook of $1.80-$2.00, driven by strong margin expansion and a $100M tariff refund. The company raised full-year EPS guidance by ~27% at the midpoint to $13.10-$13.60 and increased its share repurchase authorization to $500M."},"tickerRelevance":{"others":[],"primary":"ANF"},"globalImportance":65,"audienceRelevance":75,"eventTypeSecondary":["guidance_update","buyback"],"importanceComponents":{"tickerTier":"mid-cap","eventGravity":"major earnings beat and guidance raise","sectorWeight":"retail turnaround","householdBrandBoost":true}},"event_type":"earnings","event_type_secondary":["guidance_update","buyback"],"sentiment":"bullish","material_impact_score":5,"narrative":"Abercrombie & Fitch reported record Q2 net sales of $1.27 billion, up 5% year-over-year, with diluted EPS of $4.17 handily beating the outlook range of $1.80 to $2.00.\n\nOperating margin expanded to 20%, aided by approximately $100 million in IEEPA tariff refunds which contributed $1.75 per share to the bottom line.\n\nManagement significantly raised full-year 2026 EPS guidance to $13.10 to $13.60 from $10.20 to $11.00 and increased the share repurchase target to at least $500 million.","key_figures":{"eps":4.17,"revenue":1266689000,"guidance":"FY26 EPS $13.10-$13.60 (raised from $10.20-$11.00), sales growth ~5%","revenueYoy":"5%","customDimensions":{"net_income":185539000,"buyback_guidance":500000000,"operating_income":252700000,"share_repurchases_q2":177000000,"share_repurchases_ytd":282000000,"tariff_refund_eps_impact":1.75,"tariff_refund_benefit_pretax":100000000},"operating_margin":"19.9%"},"named_entities":{"people":[{"name":"Fran Horowitz","role":"Chief Executive Officer"},{"name":"Mo Gupta","role":"Investor Contact"},{"name":"Kate Wagner","role":"Media Contact"}],"products":["Abercrombie brands","Hollister"],"companies":[{"name":"Abercrombie & Fitch Co.","ticker":"ANF"}],"dollarAmounts":[{"amount":"$1.3 billion","context":"Q2 net sales"},{"amount":"$100 million","context":"IEEPA tariff refund benefit (pre-tax)"},{"amount":"$1.75","context":"IEEPA tariff refund benefit per diluted share"},{"amount":"$177 million","context":"Q2 share repurchases"},{"amount":"$282 million","context":"Year-to-date share repurchases"},{"amount":"$13.10 to $13.60","context":"FY26 net income per diluted share guidance"},{"amount":"$10.20 to $11.00","context":"Previous FY26 net income per diluted share guidance"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-26T11:56:36.261Z","global_importance":65,"audience_relevance":75,"importance_components":{"tickerTier":"mid-cap","eventGravity":"major earnings beat and guidance raise","sectorWeight":"retail turnaround","householdBrandBoost":true}},"durationMs":185970,"modelName":"glm-4.7"}}