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ANF

Abercrombie & Fitch Co.

ANF

Abercrombie & Fitch Co. • NYSE
$97.87 ▲ 2.87% (+2.73)
Market Cap $4.61 B
52w High $164.80
52w Low $65.40
Dividend Yield 0%
P/E 9.42
Volume 1.96M
Outstanding Shares 47.07M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.291B ▲ $614.384M ▲ $112.995M ▼ 8.755% ▼ $2.41 ▼ $-1.022M ▼
Q2-2025 $1.209B ▲ $513.257M ▼ $141.383M ▲ 11.698% ▲ $2.97 ▲ $246.438M ▲
Q1-2025 $1.097B ▼ $578.645M ▼ $80.413M ▼ 7.328% ▼ $1.63 ▼ $147.553M ▼
Q4-2024 $1.585B ▲ $717.946M ▲ $187.226M ▲ 11.813% ▲ $3.72 ▲ $302.664M ▲
Q3-2024 $1.209B $607.65M $131.979M 10.917% $2.59 $228.15M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $631.038M ▲ $3.48B ▲ $2.149B ▲ $1.317B ▲
Q2-2025 $603.525M ▼ $3.302B ▲ $1.995B ▲ $1.292B ▲
Q1-2025 $607.569M ▼ $3.096B ▼ $1.894B ▼ $1.189B ▼
Q4-2024 $888.948M ▲ $3.3B ▲ $1.949B ▼ $1.336B ▲
Q3-2024 $738.879M $3.27B $2.009B $1.247B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $112.995M ▼ $200.107M ▲ $-63.269M ▼ $-103.841M ▼ $33.053M ▼ $131.838M ▲
Q2-2025 $143.388M ▲ $116.893M ▲ $-1.179M ▲ $-56.2M ▲ $62.167M ▲ $50.714M ▲
Q1-2025 $81.739M ▼ $-4M ▼ $-30.764M ▲ $-234.513M ▼ $-261.87M ▼ $-54.764M ▼
Q4-2024 $189.695M ▲ $307.62M ▲ $-110.663M ▼ $-102.307M ▲ $89.398M ▲ $256.757M ▲
Q3-2024 $133.864M $142.637M $-90.391M $-105.609M $-55.298M $92.246M

Revenue by Products

Product Q2-2024Q3-2024Q4-2024Q1-2025
Abercrombie
Abercrombie
 $580.00M ▲$630.00M ▲$770.00M ▲$550.00M ▼
Hollister
Hollister
 $550.00M ▲$580.00M ▲$810.00M ▲$550.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Over the past several years, Abercrombie & Fitch has gone from a struggling retailer to a much stronger earner. Sales have climbed steadily, but the real story is profit quality: the company is keeping more of each dollar it sells. Gross profit has improved, operating profit has expanded meaningfully, and net income has swung from loss territory to solid profitability. This suggests better pricing discipline, fewer margin-eroding promotions, and tighter cost control. Earnings per share have grown sharply as a result. The main risk is that apparel is highly cyclical and trend‑driven, so these stronger margins could come under pressure if fashion missteps, weaker consumer spending, or heavier discounting return.

Balance Sheet

Balance Sheet The balance sheet looks noticeably healthier than a few years ago. Total assets are fairly stable, but the mix has improved: debt has come down from prior levels, while shareholder equity has built up, which means the business is now less leveraged and more resilient. Cash remains sizable, though it has come off the pandemic peak when the company was more defensive. Overall, Abercrombie appears to have enough financial flexibility to keep investing in its brands and infrastructure, but it still operates in a sector where inventory, leases, and seasonality can quickly stress weaker balance sheets—so maintaining this discipline will be important.

Cash Flow

Cash Flow Abercrombie is now consistently generating cash from its operations, and free cash flow has turned into a steady positive stream after a more volatile period earlier in the decade. Capital spending has been kept at a moderate level, suggesting a focus on targeted investments rather than aggressive expansion. This cash generation gives the company options: it can fund technology, supply chain upgrades, and store improvements without relying as heavily on borrowing. The catch is that retail cash flows can swing with inventory decisions and consumer demand, so investors should expect some year‑to‑year lumpiness even within an overall positive trend.

Competitive Edge

Competitive Edge Abercrombie’s competitive position is stronger than it once was, but still best described as narrow in a very crowded field. The company has successfully refreshed its core Abercrombie brand toward a more modern, inclusive, slightly older customer, while Hollister targets younger shoppers. This clearer brand positioning, combined with a large and active loyalty program, gives it a more loyal customer base and better insight into shopper behavior than many mid‑tier apparel peers. Its omnichannel strength—integrated stores and e‑commerce, app features, and flexible fulfillment options—helps it compete with both mall brands and online‑only players. However, switching costs for customers are low, fast‑fashion and athleisure rivals are intense, and trends move quickly, so its edge must be continually defended through product, marketing, and experience.

Innovation and R&D

Innovation and R&D Innovation at Abercrombie is less about lab research and more about digital capabilities, data, and supply chain. The company has leaned into technology with a large loyalty program, heavy use of customer data, and AI tools such as an app‑based stylist and early experiments with generative AI in product design. These efforts aim to improve product relevance, personalize marketing, and shorten the time from idea to rack. On the operations side, investments in an automated distribution center and broader supply chain upgrades should support faster, more efficient fulfillment. Product innovation is visible in inclusive fits like the “Curve Love” line and the expansion of Gilly Hicks into active and loungewear. Together, these moves show a retailer trying to behave more like a modern, data‑driven consumer brand than a traditional mall chain, though execution and sustained relevance remain ongoing tests.

Summary

Abercrombie & Fitch has engineered a notable turnaround: revenues are higher, profitability is much stronger, the balance sheet is sturdier, and cash flow has become consistently positive. The company has refreshed its brand image, leaned into digital and data, and invested in omnichannel capabilities and supply chain improvements. These steps support a more durable, though still narrow, competitive position in an unforgiving apparel landscape. Looking ahead, the key opportunities lie in continued digital execution, brand extensions like Gilly Hicks, and maintaining inclusive, on‑trend product assortments. The main risks are the inherent volatility of fashion, exposure to discretionary spending cycles, intense competition from both fast fashion and premium brands, and the need to continually justify its improved margins. Overall, ANF now looks more like a disciplined, modern retailer than the troubled brand it once was, but its future performance will depend on sustaining this strategic and operational discipline through changing cycles and trends.

NEWS

November 25, 2025 · 7:30 AM UTC

Abercrombie & Fitch Co. Reports Third Quarter Fiscal 2025 Results

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November 24, 2025 · 8:00 AM UTC

Hollister and Taco Bell Turn Y2K Nostalgia into the Season's Spiciest Drop

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October 31, 2025 · 8:00 AM UTC

Abercrombie & Fitch Co. to Report Third Quarter 2025 Results on November 25, 2025

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October 30, 2025 · 7:00 AM UTC

Abercrombie & Fitch and Luxury Retailer Kemo Sabe Debut Western-Inspired Collaboration

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