ABERCROMBIE & FITCH CO /DE/ ANF
Abercrombie & Fitch Co. ("A&F"), a company incorporated in Delaware in 1996, through its subsidiaries (collectively, A&F and its subsidiaries are referred to as the "Company"), is a global, digitally-led, omnichannel retailer. The Company offers a broad assortment of apparel, personal care products and accessories for men, women and kids, which are sold primarily through its Company-owned stores and digital channels, as well as through various third-party arrangements.
The Company manages its business on a geographic basis, consisting of three reportable segments: Americas; Europe, the Middle East and Africa ("EMEA"); and Asia-Pacific ("APAC"). Corporate functions and other income and expenses are evaluated on a consolidated basis and are not allocated to the Company's segments and therefore are included as a reconciling item between segment and total operating income.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.27B | $4.95B | $4.28B | $3.70B | $3.71B | $3.13B | $3.62B | $3.59B | $3.49B | $3.33B |
| Cost of revenue | — | — | — | — | — | — | — | — | $1.41B | $1.30B |
| Gross profit | — | — | $2.69B | $2.10B | $2.31B | $1.89B | $2.15B | $2.16B | $2.08B | $2.03B |
| SG&A | $725.5M | $750.5M | $681.2M | $552.6M | — | — | — | — | — | — |
| Operating income | $699.1M | $740.8M | $484.7M | $92.6M | $343.1M | -$20.5M | $70.1M | $127.4M | $72.0M | $15.2M |
| Interest expense | $21.6M | $27.9M | $372.0K | $25.6M | $38.0M | $31.7M | $19.9M | $22.8M | $23.0M | $23.1M |
| Pre-tax income | $720.8M | $768.7M | $484.3M | $67.0M | $309.0M | -$48.7M | $62.3M | $116.4M | $3.4M | -$3.5M |
| Income tax | $205.8M | $194.7M | $148.9M | $56.6M | $38.9M | $60.2M | $17.4M | $37.6M | $44.6M | $11.2M |
| Net income | $506.9M | $556.2M | $328.1M | $2.8M | $263.0M | -$109.0M | $39.4M | $74.5M | $7.1M | $4.0M |
| EPS, basic | 10.71 | 11.14 | 6.53 | 0.06 | 4.41 | -1.82 | 0.61 | 1.11 | 0.10 | 0.06 |
| EPS, diluted | 10.46 | 10.69 | 6.22 | 0.05 | 4.20 | -1.82 | 0.60 | 1.08 | 0.10 | 0.06 |
| Shares, diluted (wtd. avg.) | $48.5M | $53.0M | $52.7M | $52.3M | $62.6M | $62.6M | $65.8M | $69.1M | $69.4M | $68.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $759.5M | $772.7M | $900.9M | $527.6M | $834.4M | $1.12B | $692.3M | $745.8M | $698.0M | $567.6M |
| Short-term investments | $25.0M | $116.2M | $0 | — | — | — | — | — | — | — |
| Receivables | $146.8M | $105.3M | $78.3M | $104.5M | $69.1M | $83.9M | $80.3M | $73.1M | $79.7M | $93.4M |
| Inventory | $601.2M | $575.0M | $469.5M | $505.6M | $525.9M | $404.1M | $434.3M | $437.9M | $424.4M | $399.8M |
| Total current assets | $1.65B | $1.67B | $1.54B | $1.23B | $1.51B | $1.66B | $1.26B | $1.34B | $1.26B | $1.14B |
| Property, plant and equipment | $674.1M | $575.8M | $538.0M | $551.6M | $508.3M | $550.6M | $665.3M | $694.9M | $738.2M | $824.7M |
| Other intangibles | — | — | — | — | — | — | — | — | $12.5M | $13.4M |
| Total assets | $3.54B | $3.30B | $2.97B | $2.71B | $2.94B | $3.31B | $3.55B | $2.39B | $2.33B | $2.30B |
| Accounts payable | $377.5M | $364.5M | $297.0M | $258.9M | $374.8M | $289.4M | $219.9M | $226.9M | $168.9M | $187.0M |
| Short-term debt | — | — | — | — | — | — | $0 | $0 | $0 | $0 |
| Total current liabilities | $1.11B | $1.13B | $966.8M | $902.2M | $1.02B | $959.4M | $815.4M | $558.9M | $507.5M | $486.0M |
| Long-term debt | — | $0 | $222.1M | $296.9M | $303.6M | $343.9M | $232.0M | $250.4M | $249.7M | $263.0M |
| Retained earnings | $3.70B | $3.20B | $2.64B | $2.37B | $2.39B | $2.15B | $2.31B | $2.42B | $2.42B | $2.47B |
| Total equity | $1.40B | $1.34B | $1.05B | $706.6M | $837.3M | $949.3M | $1.07B | $1.22B | $1.25B | $1.25B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $619.1M | $710.4M | $653.4M | -$2.3M | $277.8M | $404.9M | $300.7M | $352.9M | $287.7M | $185.2M |
| Depreciation and amortisation | $152.6M | $150.8M | $138.5M | $129.7M | $141.4M | $167.2M | $172.6M | $172.8M | — | — |
| Stock-based compensation | $39.0M | $38.7M | $40.1M | $29.0M | $29.3M | $18.7M | $14.0M | $21.8M | $22.1M | $22.1M |
| Capital expenditure | $240.8M | $182.9M | $157.8M | $164.6M | $97.0M | $101.9M | $202.8M | $152.4M | $107.0M | $140.8M |
| Investing cash flow | -$150.8M | -$297.7M | -$157.2M | -$140.7M | -$97.0M | -$51.9M | -$202.8M | -$152.4M | -$106.8M | -$136.7M |
| Financing cash flow | -$495.4M | -$534.9M | -$111.2M | -$155.3M | -$446.9M | $69.7M | -$147.9M | -$131.7M | -$74.8M | -$84.5M |
| Dividends paid | — | — | — | $0 | $0 | $12.6M | $51.5M | $53.7M | $54.4M | $54.1M |
| Buybacks | $451.2M | $229.8M | $0 | $125.8M | $377.3M | $15.2M | $63.5M | $68.7M | $0 | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001018840-26-000022.
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