Abercrombie & Fitch Co., through its subsidiaries, operates as an omnichannel retailer in the Americas, Europe, the Middle East, Africa, and the ...
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Est. EPS $3.06 · Revenue $1.37B · 5 analysts
Est. EPS $12.81 · Revenue $5.53B · 5 analysts
Est. EPS $4.82 · Revenue $1.78B · 5 analysts
Est. EPS $1.65 · Revenue $1.17B · 1 analysts
EPS $4.17 · Revenue $1.27B
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $5.3B | +6.4% | +13.7% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $506.9M | -10.5% | +173.7% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +61.5% | -4.2% | +20.4% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +13.3% | -11.3% | +158.3% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +9.6% | -15.9% | +140.6% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $378.4M | -28.3% | +1277.2% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +7.2% | -32.6% | +1135.2% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 83.2% | +16.8% | -1.5% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 1.49x | +0.5% | -2.9% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $3.5B | +7.3% | +4.1% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 10.46 vs 9.84 | +6.3% | 4.17 vs 3.06 | +36.4% |
| Revenue Surprise | $5.3B vs $5.3B | +0.0% | $1.3B vs $1.4B | -7.3% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 28, 2026 | Rust Jay | officer: EVP, Chief HR Officer | Class A Common Stock | D | 5,000 | $147.50 |
| Aug 28, 2026 | Robinson Kenneth B. | director | Class A Common Stock | D | 800 | $149.69 |
| Aug 28, 2026 | Lipesky Scott D. | officer: EVP and COO | Class A Common Stock | D | 5,000 | $149.00 |
| Aug 28, 2026 | HENCHEL GREGORY J | officer: EVP, Chief Legal Off & Secy | Class A Common Stock | D | 30,000 | $146.65 |
| Aug 18, 2026 | Fox Mary | director: | — | — | 0 | — |
Operator: Good day, and welcome to the Abercrombie & Fitch Second Quarter Fiscal Year 2026 Earnings Conference Call. Today's call is being recorded. [Operator Instructions] At this time, I would like to turn the conference over to Mohit Gupta. Please go ahead. Mohit Gupta: Thank you. Good morning, and welcome to our second quarter 2026 earnings call. Joining me today on the call are Fran Horowitz, Chief Executive Officer; Scott Lipesky, Chief Operating Officer; and Robert Ball, Chief Financial Officer. Earlier this morning, we issued our second quarter earnings release, which is available on our website at corporate.abercrombie.com under the Investors section. Also available on our website is an investor presentation. Please keep in mind that we will make certain forward-looking statements on the call. These statements are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are subject to the risks and uncertainties that could cause actual results to differ materially from the expectations and assumptions we mentioned today. These factors and uncertainties are discussed in our reports and filings with the Securities and Exchange Commission. In addition, we will be referring to certain non-GAAP financial measures during the call. Additional details and reconciliations of GAAP to adjusted non-GAAP financial measures are included in the release and the investor presentation issued earlier this morning. With that, I will turn the call over to Fran. Fran Horowitz-Bonadies: Thanks, Mo, and thanks, everyone, for joining. I'm excited to report we delivered our 15th consecutive quarter of top line growth on record second quarter net sales. Sales growth was above the expectation we set in May and was balanced across regions and brands with both Abercrombie and Hollister brands achieving record second quarter net sales. While we benefited from tariff refunds in the quarter we beat our outlook by more than the refund on both operating margin and earnings per share. Year-to-date, we've repurchased approximately 7% of shares outstanding at the beginning of the year. With the first half complete and a strong start to August, we're updating our full year net sales outlook to the high end of our prior range and increasing our expectations on the bottom line, setting us up for another year of consistent profitable growth in 2026. Importantly, we're making meaningful progress across key strategic priorities, which we believe will further strengthen our foundation and set us up for long-term success. Diving into the results. For the second quarter, we delivered record net sales of $1.27 billion, growing 5% from last year, a nice acceleration from the first quarter. While we benefited from $100 million in tariff refunds, we beat our outlook by more than that on the bottom line, delivering an operating margin of 19.9% and net income per diluted share of $4.17 for the quarter. We continue to leverage our strong cash flow …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Fran Horowitz | Chief Executive Officer & Director | USD 2,843,354 | Female | 1964 | Active |
Jay Rust | Executive VP & Chief Human Resources Officer | USD 1,334,741 | Male | 1987 | Active |
Scott D. Lipesky | Executive Vice President & Chief Operating Officer | USD 1,312,609 | Male | 1975 | Active |
Samir Desai | Executive Vice President and Chief Digital & Technology Officer | USD 1,207,165 | Male | 1981 | Active |
Gregory J. Henchel | Executive VP, Chief Legal Officer & Corporate Secretary | USD 928,968 | Male | 1968 | Active |
Robert J. Ball | CFO & Executive VP | USD 680,908 | Male | 1980 | Active |
Mohit Gupta | Vice President of Investor Relations | — | Male | — | Active |
Joseph Frericks | Group Vice President of Finance, Corporate Controller & Principal Accounting Officer | — | Male | 1978 | Active |
Kate Wagner | Vice President of Corporate Communications | — | Female | — | Active |
A raised profit outlook is outweighing a trimmed sales forecast at Gap Inc. (NYSE:GAP | GAP Price Prediction) this morning, as margin discipline trumps top-line concerns. Gap stock is up 15% to $23.
Abercrombie & Fitch has spent much of 2026 reminding investors that a retail turnaround is not necessarily finished when the stock starts falling.
Abercrombie & Fitch is rated Buy, reflecting continued strong performance, a resilient balance sheet, and a still-conservative valuation despite the ~75% rally since last covering it. Q2 delivered record sales, the 15th consecutive quarter of net sales growth, and a guidance boost for sales, margins, EPS, and buybacks, supported by tariff refunds. ANF maintains a debt-free balance sheet, $627.72M in cash, robust cash flow, and plans for at least $500M in buybacks, yielding >7.77% at current prices.
ANF delivers a strong Q2, with record sales, margin gains and a raised fiscal 2026 outlook supporting continued momentum.
Abercrombie (ANF) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
