Abercrombie & Fitch Company · NYSE:ANF
Abercrombie & Fitch — Q1 2026 Earnings Presentation
26 slides from Abercrombie & Fitch's earnings presentation, May 27, 2026
Slide 1: Investor Presentation: First Quarter 2026
INVESTOR PRESENTATION: FIRST QUARTER 2026
Slide 2: Table of Contents
TABLE OF CONTENTS Safe Harbor and Other Information 3 Company Overview 5 Q1 2026 Results 11 Appendix 18 2
Slide 3: Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 This presentation and related statements by management or spokespeople of A&F contain forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). These statements, inclu
Slide 4: Reporting and Use of GAAP and Non-GAAP Measures
REPORTING AND USE OF GAAP AND NON-GAAP MEASURES The following presentation includes certain adjusted non-GAAP financial measures. Additional details about non-GAAP financial measures and a reconciliation of GAAP financial measures to non-GAAP financial measures is included in the Appendix to this pr
Slide 5: Global, digitally-led, omnichannel apparel and accessories retailer
Abercrombie & Fitch Co. is a global, digitally-led, omnichannel apparel and accessories retailer catering to kids through millennials with assortments curated for their specific lifestyle needs Our corporate purpose of 'We are here for you on the journey to being and becoming who you are' fuels our
Slide 6: Consistent, Profitable Growth
CONSISTENT, PROFITABLE GROWTH GROWING TRACK RECORD OF STRONG RESULTS Net Sales Operating Income Net Income Per Share Repurchases (in $ billions) (in $ millions) Diluted Share (in $ millions) EXPECT EXPECT IN EXPECT EXPECT AROUND 3% TO 5% $741 12.0% TO THE RANGE $5.3 GROWTH 12.5% OF $10.20 $450 $450
Slide 7: Our Foundation
OUR FOUNDATION Built on a decade of transformation, and strengthening as we grow: • Two healthy, customer-driven brand families with distinct and large addressable markets; • Successful, regionally relevant brand playbooks, designed to attract, engage, retain, and scale long-term customer relationsh
Slide 8: Company Overview
Oh: ABERCROMBIE A&F Co. | COMPANY OVERVIEW
Slide 9: Abercrombie Brands: Targeting Millennials
TARGETING MILLENNIALS 347 STORES GLOBALLY POST GRAD (Q1 2026)* LOVES TO TRAVEL FASHION OBSESSED DIGITALLY-LED GLOBAL NET SALES NET SALES BY CHANNEL (FY 2025) >10% GROWTH CAGR $2.56B $2.52B $2.20B $1.56B $1.73B ~ 40% $1.29B STORES ~ 60% DIGITAL FY FY FY FY FY FY 2020 2021 2022 2023 2024 2025 *As of M
Slide 10: Hollister Brands: Targeting Gen Z Teen w/ Millennial Parents
TARGETING GEN Z TEEN W/ MILLENNIAL 549 PARENTS STORES GLOBALLY COMING INTO THEIR OWN (Q1 2026)* COMFORT OBSESSED VALUE VERSATILITY FINANCIALLY RELIANT GLOBAL NET SALES NET SALES BY CHANNEL 3 YEARS OF GROWTH (FY 2025) +15% Y/Y $2.74B $2.39B ~ 30% $2.15B $1.96B $2.08B DIGITAL $1.83B ~ 70% STORES FY FY
Slide 11: Q1 Update
GLOBAL SALES GROWTH NET SALES $1.1B +2% Y/Y 2026 Q1 UPDATE "We delivered record first —%Y/Y EMEA quarter net sales and our 14th consecutive quarter of (10)%Y/Y growth, reflecting our teams’ APAC consistent execution for our customers amid a dynamic AMERICAS +24%Y/Y global environment." +3%Y/Y Fran H
Slide 12: 2026 Q1 Net Sales Results by Segment
2026 Q1 NET SALES RESULTS BY SEGMENT Americas Net Sales EMEA Net Sales APAC Net Sales (in $ millions) (in $ millions) (in $ millions) $1,384 +3% Y/Y $1,057 $974 (10)% +24% $875 $900 $241 Y/Y Y/Y $185 $197 $195 $167 $44 $47 $37 $37 $39 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q1 2025 Q2 2025 Q3 2025 Q
Slide 13: 2026 Q1 Net Sales Results by Brand
2026 Q1 NET SALES RESULTS BY BRAND Total Company Net Sales Abercrombie Brands Net Sales Hollister Brands Net Sales (in $ millions) (in $ millions) (in $ millions) $1,670 +2% Y/Y $1,291 +3% $863 —% $1,209 $807 $1,097 $1,114 Y/Y Y/Y $657 $673 $617 $548 $552 $565 $549 $549 Q1 2025 Q2 2025 Q3 2025 Q4 20
Slide 14: 2026 Q1 Operating Income / Net Income per Diluted Share
2026 Q1 OPERATING INCOME/ NET INCOME PER DILUTED SHARE Operating Income Net Income per Diluted Share (in $ millions) (8)% ABOVE HIGH END OF OUTLOOK OF Y/Y OUTLOOK $236 11% - 12% $3.68 $2.05 TO $2.15 $207 $2.91 $155 $2.36 $102 $89 $1.59 $1.47 OPERATING 9.3% 17.1% 12.0% 14.1% 8.0% MARGIN Q1 2025 Q2 20
Slide 15: 2026 Q1 Financial Position
2026 Q1 FINANCIAL POSITION CASH & EQUIVALENTS Cash and Equivalents • $594M as compared to $511M last year $760M $573M $606M $594M MARKETABLE SECURITIES $511M • Current investments of $25M unchanged from January 31st, 2026 INVENTORIES • $533M, down 2% from last year • Units up low single digits Q1 20
Slide 16: Share Repurchases
SHARE REPURCHASES Since the start of 2021, the Company has repurchased approximately 23 million shares for approximately $1.3 billion. The Company has $745 million remaining under its current share repurchase authorization, announced in March 2025. SHARE REPURCHASES (1) NUMBER OF AVERAGE ENDING SHAR
Slide 17: 2026 Fiscal Outlook
PREVIOUS FULL YEAR OUTLOOK (1) 2026 FISCAL OUTLOOK The following outlook replaces all previous full year guidance. For fiscal 2026, the company now expects: FY 2026 CURRENT FULL YEAR OUTLOOK PREVIOUS FULL YEAR OUTLOOK (1) NET SALES GROWTH IN THE RANGE OF 3% TO 5% GROWTH IN THE RANGE OF 3% TO 5% YEAR
Slide 18: Appendix
APPENDIX 18
Slide 19: 2026 Q1 Net Sales and Comparable Sales Growth History by Region
2026 Q1 NET SALES GROWTH AND COMPARABLE SALES GROWTH HISTORY BY REGION Americas EMEA APAC NET SALES GROWTH Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY 2026 3% (10)% 24% 2025 7% 8% 7% 5% 7% 12% (1)% 7% 8% 6% 5% 12% (6)% 9% 5% 2024 23% 23% 14% 11% 17% 19% 16% 15% 2% 12% 10% 3% 32% (4)% 9% Americas EM
Slide 20: 2026 Q1 Net Sales and Comparable Sales Growth History by Brand
2026 Q1 NET SALES GROWTH AND COMPARABLE SALES GROWTH HISTORY BY BRAND Total Abercrombie Brands Hollister Brands NET SALES GROWTH Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY 2026 2% 3% —% 2025 8% 7% 7% 5% 6% (4)% (5)% (2)% 4% (1)% 22% 19% 16% 6% 15% 2024 22% 21% 14% 9% 16% 31% 26% 15% 2% 16% 12% 17%
Slide 21: 2026 Q1 Store Count - Brand
2026 Q1 STORE COUNT - BRAND BRAND FY 2024 FY 2025 FY 2026 OWNED AND OPERATED Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 ABERCROMBIE BRANDS 246 255 267 278 281 292 304 306 309 HOLLISTER BRANDS 507 502 506 511 512 515 523 523 525 TOTAL OWNED AND 753 757 773 789 793 807 827 829 834 OPERATED STORES FRANCHISE Q1 Q2 Q3 Q
Slide 22: 2026 Q1 Store Count - Region
2026 Q1 STORE COUNT - REGION REGION FY 2024 FY 2025 FY 2026 OWNED AND OPERATED Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 AMERICAS 572 577 589 600 605 614 630 635 639 EMEA 134 133 133 133 133 135 139 137 139 APAC 47 47 51 56 55 58 58 57 56 TOTAL OWNED AND 753 757 773 789 793 807 827 829 834 OPERATED STORES FRANCHIS
Slide 23: 2026 Q1 Income Statement
2026 Q1 INCOME STATEMENT Thirteen Weeks Ended GAAP % OF % OF (in thousands) Q1 2026 NET SALES Q1 2025 NET SALES NET SALES $1,113,821 100.0% $1,097,311 100.0% COST OF SALES (1) 413,838 37.2% 417,133 38.0% OPERATING EXPENSE 613,949 55.1% 574,862 52.4% OTHER OPERATING (INCOME) LOSS, NET (2,763) (0.2)%
Slide 24: Balance Sheet
BALANCE SHEET (in thousands) MAY 2, 2026 JANUARY 31, 2026 MAY 3, 2025 CASH AND EQUIVALENTS $594,080 $759,540 $510,563 MARKETABLE SECURITIES 25,144 25,036 97,006 RECEIVABLES 146,042 146,757 113,311 INVENTORIES 532,691 601,218 542,059 OTHER CURRENT ASSETS 117,202 117,913 111,231 TOTAL CURRENT ASSETS $
Slide 25: Statement of Cash Flows
STATEMENT OF CASH FLOWS YEAR TO DATE PERIOD ENDED (in thousands) MAY 2, 2026 MAY 3, 2025 NET CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES $44,256 $(4,000) PURCHASES OF MARKETABLE SECURITIES (9,800) — PROCEEDS FROM MATURITIES OF MARKETABLE SECURITIES 9,800 20,000 PURCHASES OF PROPERTY AND EQUIPME
Slide 26: Abercrombie & Fitch Co.
Abercrombie & Fitch Co.
Abercrombie & Fitch Company — Q1 2026 Earnings Presentation on 6ix