A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
ABERCROMBIE & FITCH CO /DE/
ANF
$4.5B
Mkt Cap
$93.81
+3.21%
ABERCROMBIE & FITCH CO /DE/ (ANF) has a current P/E ratio of 11.0, compared to its historical median P/E of 16.7. The stock is currently considered Fair based on its historical valuation range.
ABERCROMBIE & FITCH CO /DE/ (ANF) has a 5-year average return on invested capital (ROIC) of 91.4%. This indicates strong capital allocation and a potential competitive advantage.
ABERCROMBIE & FITCH CO /DE/ (ANF) has a market capitalization of $4.4B. It is classified as a mid-cap stock.
ABERCROMBIE & FITCH CO /DE/ (ANF) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 12.48%.
Based on historical P/E analysis, ABERCROMBIE & FITCH CO /DE/ (ANF) appears fair. The current P/E of 11.0 is 34% below its historical median of 16.7. The estimated fair value CAGR (P/E method) is 57.7%.
ABERCROMBIE & FITCH CO /DE/ (ANF) operates in the Retail-Family Clothing Stores industry, within the Consumer Cyclical sector.
Abercrombie & Fitch Co. is a global, digitally-led, omnichannel retailer offering apparel, personal care products, and accessories for men, women, and kids through company-owned stores, digital channels, and third-party arrangements. The company operates two brand families—Abercrombie (including Abercrombie & Fitch, abercrombie kids, and Your Personal Best) and Hollister (including Hollister and Gilly Hicks)—each positioned to deliver quality products and emotional connection to customers worldwide. The business is organized geographically into three reportable segments: Americas, Europe/Middle East/Africa (EMEA), and Asia-Pacific (APAC), with a balanced omnichannel model combining owned stores, digital commerce, and wholesale and licensing partnerships. The company pursues focused growth through regionally relevant brand playbooks, testing and chase strategies to respond to customer demand in real time, and enterprise-wide digital transformation to enhance customer and associate experiences. A&F maintains a strong balance sheet and disciplined capital allocation framework, prioritizing long-term investments in stores and digital infrastructure alongside shareholder returns through share repurchases.
【Sustained growth momentum ahead】 Management expects to continue a multi-year track record of consistent net sales growth across both brands and regions in 2026, supported by strong brand positioning, clean inventory management, and balanced traffic gains. The company anticipates modest average unit retail (AUR) improvement through selective pricing adjustments focused on fashion elements rather than broad-based ticket increases, while maintaining disciplined promotional cadence and inventory control. Operating margins are expected to remain healthy despite tariff headwinds, with mitigation efforts including supply chain optimization, vendor negotiations, and operating expense efficiencies offsetting cost pressures. Capital allocation priorities remain focused on store expansion and digital investments to support long-term global market opportunity, with share repurchases continuing as the primary use of free cash flow.
| Metric | Target | Period |
|---|---|---|
| Net sales growth | 3%-5% | FY2026 |
| Operating margin | 12%-12.5% | FY2026 |
| Earnings per diluted share | $10.20-$11 | FY2026 |
| Capital expenditures | $200 million-$225 million | FY2026 |
| Share repurchases | $450 million | FY2026 |
| New store experiences | approximately 125 (55 new stores and 70 right sizes or remodels) | FY2026 |
| Q1 FY2026 net sales growth | 1%-3% | Q1 FY2026 |
| Q1 FY2026 operating margin | around 7% | Q1 FY2026 |
| Q1 FY2026 earnings per diluted share | $1.20-$1.30 | Q1 FY2026 |
| Q2 FY2026 net sales growth | 2%-4% | Q2 FY2026 |
| Q2 FY2026 operating margin |
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2027 Earnings Call, Q3 FY2027 Earnings Call, Q2 FY2027 Earnings Call, Q1 FY2027 Earnings Call
| Metric | TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|---|
| Revenue | 5.0B | 5.3B | 4.9B | 4.3B | 3.7B | 3.7B |
| Net Income | 489M | 507M | 566M | 328M | 2.8M | 263M |
| EPS | $7.87 | $10.46 | $10.69 | $6.22 | $0.05 | $4.20 |
| Free Cash Flow | 198M | 378M | 527M | 496M | -167M | 181M |
| ROIC | 69.2% | 84.5% | 137.8% | 80.8% | 15.2% | 138.5% |
| Gross Margin | - | 61.5% | 64.2% | 62.9% | 56.9% | 62.3% |
| Debt/Equity | 0.00 | 1.51 | 0.00 | 0.21 | 0.43 | 0.37 |
| Dividends/Share | $0.00 | - | - | - | $0.00 | $0.00 |
| Operating Income | 666M | 699M | 741M | 485M | 93M | 343M |
| Operating Margin | 13.3% | 13.3% | 15.0% | 11.3% | 2.5% | 9.2% |
| ROE | 37.9% | 37.0% | 47.8% | 37.9% | 0.4% | 29.8% |
| Shares Outstanding | 47M | 48M | 53M | 53M | 56M | 63M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 3.7B | 3.5B | 3.3B | 3.5B | 3.6B | 3.6B | 3.1B | 3.7B | 3.7B | 4.3B | 4.9B | 5.3B | 5.0B |
| Gross Margin | 61.8% | 61.3% | 61.0% | 59.7% | 60.2% | 59.4% | 60.5% | 62.3% | 56.9% | 62.9% | 64.2% | 61.5% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 2.2B | 2.1B | 2.0B | 2.0B | 2.0B | 2.1B | 1.9B | 2.0B | 553M | 681M | 750M | 725M | 720M |
| EBIT | 114M | 73M | 15M | 72M | 127M | 70M | -20M | 343M | 93M | 485M | 741M | 699M | 666M |
| Op. Margin | 3.0% | 2.1% | 0.5% | 2.1% | 3.5% | 1.9% | -0.7% | 9.2% | 2.5% | 11.3% | 15.0% | 13.3% | 13.3% |
| Net Income | 52M | 36M | 4.0M | 7.1M | 75M | 39M | -114M | 263M | 2.8M | 328M | 566M | 507M | 489M |
| Net Margin | 1.4% | 1.0% | 0.1% | 0.2% | 2.1% | 1.1% | -3.6% | 7.1% | 0.1% | 7.7% | 11.4% | 9.6% | 9.8% |
| Non-Recurring | 48M | 8.7M | 4.1M | 6.9M | 17M | 38M | 130M | 19M | 28M | 10M | 20M | 20M | 5.2M |
| Returns on Capital | |||||||||||||
| ROIC | 5.6% | 4.8% | 1.5% | 4.8% | 10.1% | 7.0% | -12.1% | 138.5% | 15.2% | 80.8% | 137.8% | 84.5% | 69.2% |
| ROE | 3.3% | 2.6% | 0.3% | 0.6% | 6.1% | 3.5% | -11.4% | 29.8% | 0.4% | 37.9% | 47.8% | 37.0% | 37.9% |
| ROA | 1.9% | 1.4% | 0.2% | 0.3% | 3.2% | 1.3% | -3.3% | 8.4% | 0.1% | 11.5% | 18.0% | 14.8% | 14.8% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 312M | 310M | 185M | 288M | 353M | 301M | 405M | 278M | -2.3M | 653M | 710M | 619M | 417M |
| Free Cash Flow | 138M | 167M | 44M | 181M | 201M | 98M | 303M | 181M | -167M | 496M | 527M | 378M | 198M |
| Owner Earnings | 63M | 68M | -32M | 71M | 153M | 113M | 220M | 104M | -164M | 472M | 518M | 425M | -1.4B |
| CapEx | 175M | 143M | 141M | 107M | 152M | 203M | 102M | 97M | 165M | 158M | 183M | 241M | 219M |
| Maint. CapEx | 226M | 214M | 195M | 195M | 178M | 174M | 166M | 144M | 132M | 141M | 154M | 155M | 1.8B |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 29M | 0 | 0 | 32M | 17M | 29M | 86M | 0 |
| D&A | 226M | 214M | 195M | 195M | 178M | 174M | 166M | 144M | 132M | 141M | 154M | 155M | 1.8B |
| CapEx/OCF | 55.9% | 46.2% | 76.0% | 37.2% | 43.2% | 67.4% | 25.2% | 34.9% | N/A | 24.1% | 25.7% | N/A | 52.5% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 57M | 55M | 54M | 54M | 54M | 52M | 13M | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | 2.8% | 4.4% | 4.8% | 6.5% | 3.7% | 4.2% | 1.4% | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 285M | 50M | 0 | 0 | 69M | 64M | 15M | 377M | 126M | 0 | 230M | 451M | 551M |
| Buyback Yield | 18.9% | 3.4% | N/A | N/A | 4.9% | 5.8% | 1.0% | 16.1% | 8.2% | N/A | 3.6% | 0.0% | 12.5% |
| Stock-Based Comp | 23M | 28M | 22M | 22M | 22M | 14M | 19M | 29M | 29M | 40M | 39M | 39M | 38M |
| Debt Repayment | 861K | 0 | 0 | 0 | 0 | 20M | 233M | 0 | 0 | 180K | 3.3M | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -227M | -302M | -284M | -426M | -528M | -600M | -1.1B | -569M | -271M | -679M | -889M | N/A | -604M |
| Cash & Equiv. | 521M | 589M | 547M | 676M | 723M | 832M | 1.1B | 823M | 518M | 901M | 773M | 760M | 604M |
| Long-Term Debt | 291M | 286M | 263M | 250M | 250M | 232M | 344M | 304M | 297M | 222M | 0 | N/A | N/A |
| Debt/Equity | 0.21 | 0.22 | 0.21 | 0.20 | 0.21 | 0.22 | 0.37 | 0.37 | 0.43 | 0.21 | 0.00 | 1.51 | 0.00 |
| Interest Coverage | 18.3 | 4.0 | 0.7 | 3.1 | 5.6 | 3.5 | -0.6 | 9.0 | 3.1 | 16.0 | 61.3 | 294.4 | 268.4 |
| Equity | 1.4B | 1.3B | 1.3B | 1.3B | 1.2B | 1.1B | 937M | 826M | 695M | 1.0B | 1.3B | 1.4B | 1.3B |
| Total Assets | 2.5B | 2.4B | 2.3B | 2.3B | 2.4B | 3.5B | 3.3B | 2.9B | 2.7B | 3.0B | 3.3B | 3.5B | 3.3B |
| Total Liabilities | 1.1B | 1.1B | 1.0B | 1.1B | 1.2B | 2.5B | 2.4B | 2.1B | 2.0B | 1.9B | 1.9B | 2.1B | 430M |
| Intangibles | 15M | 14M | 13M | 13M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 2.6B | 2.5B | 2.5B | 2.4B | 2.4B | 2.3B | 2.1B | 2.4B | 2.4B | 2.6B | 3.2B | 3.7B | 3.4B |
| Working Capital | 679M | 644M | 653M | 757M | 777M | 449M | 702M | 493M | 326M | 570M | 546M | 544M | 451M |
| Current Assets | 1.2B | 1.2B | 1.1B | 1.3B | 1.3B | 1.3B | 1.7B | 1.5B | 1.2B | 1.5B | 1.7B | 1.7B | 1.5B |
| Current Liabilities | 486M | 535M | 486M | 508M | 559M | 815M | 959M | 1.0B | 902M | 967M | 1.1B | 1.1B | 1.0B |
| Per Share Data | |||||||||||||
| EPS | 0.71 | 0.51 | 0.06 | 0.10 | 1.08 | 0.60 | -1.82 | 4.20 | 0.05 | 6.22 | 10.69 | 10.46 | 7.87 |
| Owner EPS | 0.86 | 0.97 | -0.49 | 1.00 | 2.22 | 1.72 | 3.51 | 1.67 | -2.90 | 8.95 | 9.78 | 8.77 | -29.60 |
| Book Value | 19.04 | 18.57 | 18.99 | 17.66 | 17.52 | 16.14 | 14.95 | 13.19 | 12.34 | 19.62 | 25.22 | 28.97 | 27.45 |
| Cash Flow/Share | 4.28 | 4.44 | 2.81 | 4.05 | 5.11 | 4.58 | 6.46 | 4.44 | -0.04 | 12.39 | 13.41 | 12.78 | 48.04 |
| Dividends/Share | 0.80 | 0.80 | 0.80 | 0.80 | 0.80 | 0.80 | 0.28 | 0.00 | 0.00 | N/A | N/A | N/A | 0.00 |
| Shares Out. | 73.0M | 69.8M | 65.9M | 70.9M | 69.0M | 65.6M | 62.6M | 62.6M | 56.3M | 52.8M | 53.0M | 48.5M | 47.1M |
| Valuation | |||||||||||||
| P/E Ratio | 29.2 | 41.1 | 162.1 | 201.8 | 18.7 | 28.1 | N/A | 8.7 | 546.2 | 16.7 | 11.3 | N/A | 11.9 |
| P/FCF | 11.0 | 8.8 | 14.5 | 7.9 | 7.0 | 11.3 | 4.9 | 12.6 | N/A | 11.0 | 12.1 | N/A | 22.3 |
| EV/EBIT | 6.7 | 7.8 | N/A | 4.6 | 1.6 | N/A | N/A | 2.9 | 8.6 | 9.9 | 7.4 | N/A | 5.7 |
| Price/Book | 1.1 | 1.1 | 0.5 | 1.2 | 1.2 | 1.0 | 1.6 | 2.8 | 2.2 | 5.3 | 4.8 | N/A | 3.4 |
| Price/Sales | 0.6 | 0.4 | 0.3 | 0.2 | 0.4 | 0.3 | 0.3 | 0.6 | 0.4 | 0.6 | 1.5 | N/A | 0.9 |
| FCF Yield | 9.1% | 11.4% | 6.9% | 12.6% | 14.4% | 8.9% | 20.5% | 7.7% | -10.9% | 9.1% | 8.2% | N/A | 4.5% |
| Market Cap | 1.5B | 1.5B | 641M | 1.4B | 1.4B | 1.1B | 1.5B | 2.3B | 1.5B | 5.5B | 6.4B | 0 | 4.4B |
| Avg. Price | 28.33 | 18.13 | 17.08 | 11.77 | 20.91 | 18.70 | 14.23 | 37.22 | 24.20 | 48.18 | 142.43 | 0.00 | 93.81 |
| Year-End Price | 20.70 | 20.96 | 9.72 | 20.18 | 20.24 | 16.84 | 23.58 | 36.49 | 27.31 | 103.80 | 120.83 | 0.00 | 93.81 |
ABERCROMBIE & FITCH CO /DE/ passes 6 of 9 quality checks, suggesting mixed fundamentals.
ABERCROMBIE & FITCH CO /DE/ trades at 11.0x trailing earnings, compared to its 15-year median P/E of 16.7x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 10.1x vs a median of 11.2x. The company's 5-year average ROIC is 91.4% with a gross margin of 61.5%. Total shareholder yield (buybacks) is 12.5%. At current prices, the estimated annualized return to fair value is +17.0%.
ABERCROMBIE & FITCH CO /DE/ (ANF) reported annual revenue of $5.3 billion in its most recent fiscal year, based on SEC EDGAR filings.
ABERCROMBIE & FITCH CO /DE/ (ANF) has a net profit margin of 9.6%. This is a modest margin.
ABERCROMBIE & FITCH CO /DE/ (ANF) generated $378 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
ABERCROMBIE & FITCH CO /DE/ (ANF) has a debt-to-equity ratio of 1.51. This indicates higher leverage, which may increase financial risk.
ABERCROMBIE & FITCH CO /DE/ (ANF) reported earnings per share (EPS) of $10.46 in its most recent fiscal year.
ABERCROMBIE & FITCH CO /DE/ (ANF) has a return on equity (ROE) of 37.0%. This indicates the company generates strong returns for shareholders.
ABERCROMBIE & FITCH CO /DE/ (ANF) has a 5-year average gross margin of 61.5%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 16 years of financial data for ABERCROMBIE & FITCH CO /DE/ (ANF), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
ABERCROMBIE & FITCH CO /DE/ (ANF) has a book value per share of $28.97, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects to continue a multi-year track record of consistent net sales growth across both brands and regions in 2026, supported by strong brand positioning, clean inventory management, and balanced traffic gains. The company anticipates modest average unit retail (AUR) improvement through selective pricing adjustments focused on fashion elements rather than broad-based ticket increases, while maintaining disciplined promotional cadence and inventory control. Operating margins are expected to remain healthy despite tariff headwinds, with mitigation efforts including supply chain optimization, vendor negotiations, and operating expense efficiencies offsetting cost pressures. Capital allocation priorities remain focused on store expansion and digital investments to support long-term global market opportunity, with share repurchases continuing as the primary use of free cash flow.
Based on recent SEC filings and earnings calls, ABERCROMBIE & FITCH CO /DE/ (ANF) has provided the following forward guidance: Net sales growth: 3%-5% (FY2026); Operating margin: 12%-12.5% (FY2026); Earnings per diluted share: $10.20-$11 (FY2026); Capital expenditures: $200 million-$225 million (FY2026); Share repurchases: $450 million (FY2026), plus 7 additional metrics.
| around 10% |
| Q2 FY2026 |
| Q2 FY2026 earnings per diluted share | $1.80-$2 | Q2 FY2026 |
Net sales growth (FY2026): “For the full year, we expect net sales growth in the range of 3%-5% from $5.27 billion in 2025, with full-year net sales growth expected across brands.”
Operating margin (FY2026): “We expect full year operating margin in the range of 12%-12.5%.”
Earnings per diluted share (FY2026): “we expect earnings per share in the range of $10.20-$11”
Capital expenditures (FY2026): “For capital allocation, we expect capital expenditures in the range of $200 million-$225 million.”
Share repurchases (FY2026): “For 2026, we are targeting share repurchases of around $450 million.”
New store experiences (FY2026): “On stores, we expect to deliver around 125 new experiences, including 55 new stores and 70 right sizes or remodels.”
Q1 FY2026 net sales growth (Q1 FY2026): “Including those impacts, we expect net sales growth in the range of 1%-3% from the Q1 2025 level of $1.1 billion, with net sales growth expected across brands.”
Q1 FY2026 operating margin (Q1 FY2026): “We expect operating margin to be around 7%.”
No recent press releases.