undamentalytics Newsletter
Sign in

Abercrombie & Fitch Co (ANF) stock

Add to watchlist

Add holding +

NYSE: ANF NYSE Apparel Retail Next results ~November 24, 2026

B+ Fundamentals grade

Abercrombie & Fitch Co is a US-listed company in the apparel retail industry. Its financial year ends in January.

Stock price today

Loading chart…

Third-party market data · may be delayed

Fair value per share

~$260

Cash-flow model

Base case. Range ~$200–$340 across our lower- and higher-growth cases (3.1%–13.1% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 58% above it.

Price used: $164.17, November 2, 2026

Abercrombie & Fitch Co valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 5 selling0 purchases and 29 sales by directors and officers, last 12 monthsInsider trades
  • Funds213 adding, 192 cuttingOf 62 active managers that changed their stake, 32 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Abercrombie & Fitch files

Where Abercrombie & Fitch Co stands after its latest 10-Q

Revenue for the twelve months to August 2026 was $5.34bn, up 4.7% on a year earlier, about the same pace as a quarter earlier. Free-cash-flow margin rose to 10.6% from 6.8% a year earlier. The diluted share count is down 9.8% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades B+. It passes 1 of our 1 financial-health checks. Our cash-flow model value is $259 a share, against a share price of $165. At that price, our model says the market is pricing in cash flow shrinking about 0.9% a year for five years, slower than the 7.5% a year revenue growth it has delivered.

Source: 10-Q filed September 4, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 24, 2026 (estimated)

Abercrombie & Fitch Co's trailing-twelve-month revenue grew 4.7% year on year, with a free-cash-flow margin of 10.6%. Where it stands out: change in share count of -9.8% ranks 1 of 27 apparel retail companies we cover.

Our discounted-cash-flow model values the business at ~$260 per share in the base case (~$200–$340 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 64.2% while net income fell 0.9%: a 65pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $164.17 is 58% below our value per share of $260.
  • Shrinking share count. Diluted shares fell 9.8% in a year, so each share owns more of the business.
  • Net cash. Cash exceeds long-term debt by $0.6bn.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 12.6% over 90 days.

Things to watch

  • Volatile shares. Over the past year the shares showed annualised volatility of 72% and a beta of 1.1 against the S&P 500.
  • Insiders selling. 5 insiders sold $50M of stock over the past 365 days and none bought (88% under pre-set trading plans).
  • Heavily shorted. 14.9% of the shares available to trade are sold short (3.6 days of average volume to cover).
  • Earnings expected to fall. The consensus expects earnings per share to fall 1% next year.

Latest results: FY2027 Q2

Filed September 4, 2026
Earnings per share
$4.17 against an average estimate of $1.97: beat by 111.9%
Revenue
$1.27bn, up 4.8% on a year earlier
Share reaction
+33.8% in the first session after the results on August 26, 2026, against +0.7% for the S&P 500
Guidance given
net sales growth growth 5% (Fiscal 2026 Outlook); operating margin 14.5% to 15% (Fiscal 2026 Outlook)
Next report
November 24, 2026; average EPS estimate $3.09

Abercrombie & Fitch's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-0.2%
  • 1 week-0.3%
  • 1 month+20.8%
  • This year+30.4%
  • 1 year+126.3%
  • 5 years+254.8%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$5.3B
Operating margin
13.7%
Net margin
10.0%
EPS (TTM, diluted)
$11.62

Growth

Revenue growth
+4.7%
Change in growth rate
−0.4 pts
Share count change
−9.8%

Cash

Free cash flow (TTM)
$566M
FCF margin
10.6%
Stock pay % of revenue
0.7%

Earnings

Last results
August 26, 2026
Next results (est.)
November 25, 2026

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement

    A&F Co. raises over $11m for youth mental health charities

    Abercrombie & Fitch Co said its annual fundraiser raised more than $11 million to support six nonprofit partners. The event drew over 5,000 guests and added to a total of more than $74 million raised since 2001. Funds will go to organisations including The Trevor Project and The Jed Foundation.

    Company releaseRead source ↗
  2. Announcement
  3. Insider trade
  4. Results
  5. Guidance
  6. Leadership
  7. Partnership
  8. Insider trade
  9. Insider trade
  10. Announcement
  11. Insider trade
  12. Announcement
  13. Insider trade

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Abercrombie & Fitch Co valuation models and calculator

What the price is pricing in

The share price implies cash flow shrinking about 1.4% a year for five years.That is slower than the 7.5% a year revenue growth Abercrombie & Fitch has delivered.

  • Priced in-1.4%
  • Last 12 months4.7%
  • 3 years a year11.5%
  • 5 years a year7.5%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($160.49, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$260
Price used
$160.49close November 3, 2026
Implied change
▲ +61%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Abercrombie & Fitch Co's free cash flow after stock-based pay with after-tax interest added back ($474M, FY2027 Q2 TTM), growing 6.5% and 7% in the next two years (forecasts, guidance and its record), then back to 8.1% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$200–~$340 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Abercrombie & Fitch Co's free cash flow after stock-based pay ( $474M, FY2027 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Abercrombie & Fitch Co as an operating company, with every model that fits that kind of business. Cost of equity 10.2%: the 10-year Treasury yield (4.9%) plus a beta of 1.16 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$260 ~$200–$340 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$180 ~$140–$230 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$140 ~$110–$180 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$120 ~$110–$140 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$190 ~$120–$260 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Abercrombie & Fitch Co with Apparel Retail in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −24%
  • Revenue growth 5 points higher ▲ +31%
  • Free-cash-flow margin 1 point lower ▼ −9%
  • Last year's free-cash-flow margin change, if it persists ▲ +52%
  • Discount rate 1 point higher ▼ −14%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $169$225$299$395$522$685
8.5% $133$173$226$296$386$502
10% $111$142$183$236$305$393

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026Now
Share price$21.55$9.72$18.66$20.12$16.12$23.07$36.49$27.31$109.47$119.38$97.63$164.17
Market value$1.5bn$664m$1.3bn$1.4bn$1.1bn$1.4bn$2.3bn$1.4bn$5.8bn$6.3bn$4.7bn$7.6bn
+ Net debt (− = net cash)−$589m−$547m−$676m−$723m−$671m−$1.1bn−$823m−$518m−$901m−$773m−$760m−$628m
Enterprise value$907m$117m$619m$668m$389m$338m$1.5bn$911m$4.9bn$5.6bn$4.0bn$6.9bn
Multiples
Price / sales 0.4x0.2x0.4x0.4x0.3x0.5x0.6x0.4x1.3x1.3x0.9x1.4x
Price / earnings 42.1x167.8x182.5x18.7x26.9x—8.7xn/m17.6x11.2x9.3x14.1x
Price / free cash flow 9.0x15.0x7.2x6.9x10.8x4.8x12.6x—11.6x12.0x12.5x13.4x
EV / EBITDA 3.2x0.6x2.3x2.2x1.6x2.3x3.0x4.1x7.8x6.2x4.7x7.7x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

50 /100

Moderate moat

How hard Abercrombie & Fitch's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 3 / 20

    Net income has been a median 3.4% of total assets over 10 years.

  • Pricing power 20 / 20

    Gross margin has been a median 60.4%, moving by 1.8 percentage points (standard deviation) across 10 years.

  • Durability 0 / 20

    Operating margin has been a median 5.1%; its worst year was -1.8%.

  • Cash conversion 13 / 20

    Free cash flow was positive in 9 of 10 years, at a median 7.0% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 27.3% over five years; stock-based pay has been a median 0.7% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (55 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 24, 2026, before the open. Analysts expect revenue of $1.4bn and EPS of $3.09 (range $2.80 to $3.26) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $13.45 +29% $5.5bn +5%
Next $13.37 −1% $5.8bn +4%

Next year's EPS estimate has moved +12.6% in 90 days, across 7 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +25.6% on 90 days ago. In the last 30 days, 5 analysts raised Abercrombie & Fitch Co's forecast and 0 cut it.

Consensus EPS forecast Abercrombie & Fitch Co, last 90 days
$10.00 $11.00 $12.00 $13.00 $14.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $10.71 Current fiscal year, 60 days ago: $13.57 Current fiscal year, 30 days ago: $13.54 Current fiscal year, 7 days ago: $13.45 Current fiscal year, Now: $13.45 $13.45 Next fiscal year, 90 days ago: $11.87 Next fiscal year, 60 days ago: $12.64 Next fiscal year, 30 days ago: $13.18 Next fiscal year, 7 days ago: $13.37 Next fiscal year, Now: $13.37 $13.37

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $10.71$11.87
60 days ago $13.57$12.64
30 days ago $13.54$13.18
7 days ago $13.45$13.37
Now $13.45$13.37

Earnings against estimates

Quarter toEstimateActualSurprise
Jul 2026 $1.97 $4.17 +111.9%
Apr 2026 $1.27 $1.47 +15.7%
Jan 2026 $3.57 $3.68 +3.1%
Oct 2025 $2.16 $2.36 +9.4%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 26, 2026
  • Net sales growth Fiscal 2026 Outlook about 5% growth
    “Net sales Growth Around 5%” source
  • Net sales growth Third Quarter Outlook 5% growth to 6% growth
    “Net sales Growth In The Range of 5% to 6%” source
  • Net income per diluted share Fiscal 2026 Outlook $13.10 to $13.60
    “Net income per diluted share (2) (3) (5) In The Range of $13.10 to $13.60” source
  • Net income per diluted share Third Quarter Outlook $2.90 to $3.20
    “Net income per diluted share (2) (3) (5) In The Range of $2.90 to $3.20” source
  • Operating margin Fiscal 2026 Outlook 14.5% to 15%
    “Operating margin (2) (3) In The Range of 14.5% to 15.0%” source
  • Operating margin Third Quarter Outlook 13% to 14%
    “Operating margin (2) (3) In The Range of 13.0% to 14.0%” source
Show 7 more items
  • Effective tax rate Fiscal 2026 Outlook about 29%
    “Effective tax rate (4) Around 29%” source
  • Share repurchases Fiscal 2026 Outlook about $500m Raised
    “Updates full-year outlook to net sales growth of around 5%, net income per diluted share of $13.10 to $13.60, share repurchases increased to at least $500 million” source
  • Diluted weighted average shares Fiscal 2026 Outlook about 44m
    “Diluted weighted average shares (5) (6) Around 44 million” source
  • Capital expenditures Fiscal 2026 Outlook about $250m
    “Capital expenditures Around $250 million” source
  • Effective tax rate Third Quarter Outlook about 29%
    “Effective tax rate (4) Around 29%” source
  • Share repurchases Third Quarter Outlook about $100m
    “Share repurchases (6) At least $100 million” source
  • Diluted weighted average shares Third Quarter Outlook about 43m
    “Diluted weighted average shares (5) (6) Around 43 million” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Abercrombie & Fitch Co's revenue by +6.5% next year and +7.0% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+5.8%, weight 53%) , management guidance (+5.8%, weight 20%) and the company's own record (+8.1%, weight 27%) . How the weights are set.

Analyst recommendations

15 analysts, Nov 2026
Buy960%
Hold640%
Sell00%

Monthly trend

  1. Nov 20268615
  2. Oct 20267715
  3. Sep 202616714

Counts of recommendations published by analysts covering Abercrombie & Fitch Co, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
14.9%
of tradable shares
Days to cover
3.65
at average volume
Short interest, 1 month
−13%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
2.2%
of shares
Employees
6,600
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +126.3%

$72.55 on October 31, 2025 to $164.17

ThenNowEffect
Revenue (last 12 months) $5.1bn $5.3bn +4.7%
Net margin 10.6% 10.0% −5.4%
P/E multiple 6.9x 14.1x +106.0%
Share count 51m 46m +10.9%

Biggest factor: p/e multiple.

Last 3 years +150.6%

$65.50 on November 3, 2023 to $164.17

ThenNowEffect
Revenue (last 12 months) $3.9bn $5.3bn +38.7%
Net margin 2.8% 10.0% +252.7%
P/E multiple 31.4x 14.1x −54.9%
Share count 52m 46m +13.7%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
ANF+71%−34%+285%+69%−16%+30%
Industry peers (median)+58%−43%+5%+9%+11%−8%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
ANF67%50%83%50%42%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
ANF−31%−65%−30%−33%−59%−46%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 72% from May 3, 2019 to April 2, 2020. Getting back needed a 263% gain, reached on March 5, 2021, 337 days after the low.

Price behaviour

52-week range
$65.61 – $165.77
From 52-week high
−1.0%
vs 50-day average
+13.2%
vs 200-day average
+56.4%
Volatility (1 year)
72%
Beta vs S&P 500
1.08

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±9.0%
After a week
5 up, 7 down
typical move ±7.8%
After a month
6 up, 6 down
typical move ±14.8%
Results releasedNext dayS&P 500 next day5 days21 days
August 26, 2026 +33.8% +0.7% +25.4% +24.6%
May 27, 2026 +9.9% +0.5% +2.2% +22.4%
March 4, 2026 −10.9% +0.1% −12.0% −7.0%
November 26, 2025 +8.5% +1.2% +6.0% +43.8%
August 28, 2025 −1.9% −0.2% 0.0% −11.1%
May 29, 2025 −11.3% +0.3% −10.1% −6.4%
March 6, 2025 −1.4% −1.2% −13.0% −15.9%
November 27, 2024 +2.1% +0.3% +2.3% +5.5%
August 29, 2024 +6.7% +1.0% −5.3% +1.1%
May 30, 2024 −8.8% +0.2% −7.2% −2.6%
March 7, 2024 −12.1% +0.4% −7.1% −11.5%
November 22, 2023 −1.0% +0.4% +2.5% +25.1%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Abercrombie & Fitch Co’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Includes results

A results date falls inside these options’ life. Implied volatility is meant to be higher for that, so we do not call it rich.

  • Implied is 0.89× the last 60 days’ realised volatility .
  • Puts and calls are priced at about the same implied volatility.
  • Why: an earnings date falls inside the option's life, so implied volatility is expected to be high.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

ANF Abercrombie & Fitch Co Grade B+ $165.87

Sell the $145 put expiring December 18, 2026 (46 days) for $6.40 a share — $640 per contract.

Previous session · Bid $6.40, ask $7.80, quoted Mon 2 Nov, 17:14 New York time with ANF at $165.87. Option prices move with the shares: check the live chain at your broker before trading.

  • If ANF ends above $145: you keep the $640 — 4.4% on the $14,500 set aside, or 35.0% a year at that pace.
  • If it ends below $145: you buy 100 shares at an effective $138.6, 16% below today's price and 47% below our value of ~$260.
$640 $0 −$2.8k Break-even $138.6 Price $165.87 Our value ~$260 →
Profit or loss per contract at expiry, by share price.
Premium
$640
Annualised
35.0%
Break-even
$138.6
Max gain
$640
Chance of buying
~24%

Results are expected around November 25, 2026, before this option expires: the share price can jump on results, and the premium partly reflects that.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Abercrombie & Fitch Co in five measures

Fundamentals grade B+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Abercrombie & Fitch Co
$4B $4.5B $5B $5.5B FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue (TTM), FY24 Q3: $4B Revenue (TTM), FY24 Q4: $4.3B Revenue (TTM), FY25 Q1: $4.5B Revenue (TTM), FY25 Q2: $4.7B Revenue (TTM), FY25 Q3: $4.8B Revenue (TTM), FY25 Q4: $4.9B Revenue (TTM), FY26 Q1: $5B Revenue (TTM), FY26 Q2: $5.1B Revenue (TTM), FY26 Q3: $5.2B Revenue (TTM), FY26 Q4: $5.3B Revenue (TTM), FY27 Q1: $5.3B Revenue (TTM), FY27 Q2: $5.3B $5.3B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY24 Q3 $4B
FY24 Q4 $4.3B
FY25 Q1 $4.5B
FY25 Q2 $4.7B
FY25 Q3 $4.8B
FY25 Q4 $4.9B
FY26 Q1 $5B
FY26 Q2 $5.1B
FY26 Q3 $5.2B
FY26 Q4 $5.3B
FY27 Q1 $5.3B
FY27 Q2 $5.3B
Revenue growth, TTM YoY Abercrombie & Fitch Co
0% 10% 20% 30% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue growth, TTM YoY, FY24 Q3: 10.1% Revenue growth, TTM YoY, FY24 Q4: 15.8% Revenue growth, TTM YoY, FY25 Q1: 20.0% Revenue growth, TTM YoY, FY25 Q2: 21.1% Revenue growth, TTM YoY, FY25 Q3: 19.6% Revenue growth, TTM YoY, FY25 Q4: 15.6% Revenue growth, TTM YoY, FY26 Q1: 12.5% Revenue growth, TTM YoY, FY26 Q2: 9.3% Revenue growth, TTM YoY, FY26 Q3: 7.6% Revenue growth, TTM YoY, FY26 Q4: 6.4% Revenue growth, TTM YoY, FY27 Q1: 5.1% Revenue growth, TTM YoY, FY27 Q2: 4.7% 4.7%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q3 10.1%
FY24 Q4 15.8%
FY25 Q1 20.0%
FY25 Q2 21.1%
FY25 Q3 19.6%
FY25 Q4 15.6%
FY26 Q1 12.5%
FY26 Q2 9.3%
FY26 Q3 7.6%
FY26 Q4 6.4%
FY27 Q1 5.1%
FY27 Q2 4.7%
Operating margin (TTM) Abercrombie & Fitch Co
8% 10% 12% 14% 16% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Operating margin (TTM), FY24 Q3: 8.7% Operating margin (TTM), FY24 Q4: 11.3% Operating margin (TTM), FY25 Q1: 13.0% Operating margin (TTM), FY25 Q2: 14.3% Operating margin (TTM), FY25 Q3: 14.7% Operating margin (TTM), FY25 Q4: 15.0% Operating margin (TTM), FY26 Q1: 14.2% Operating margin (TTM), FY26 Q2: 14.6% Operating margin (TTM), FY26 Q3: 13.9% Operating margin (TTM), FY26 Q4: 13.3% Operating margin (TTM), FY27 Q1: 13.0% Operating margin (TTM), FY27 Q2: 13.7% 13.7%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q3 8.7%
FY24 Q4 11.3%
FY25 Q1 13.0%
FY25 Q2 14.3%
FY25 Q3 14.7%
FY25 Q4 15.0%
FY26 Q1 14.2%
FY26 Q2 14.6%
FY26 Q3 13.9%
FY26 Q4 13.3%
FY27 Q1 13.0%
FY27 Q2 13.7%
FCF margin (TTM) Abercrombie & Fitch Co
6% 8% 10% 12% 14% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 FCF margin (TTM), FY24 Q3: 11.8% FCF margin (TTM), FY24 Q4: 11.6% FCF margin (TTM), FY25 Q1: 13.4% FCF margin (TTM), FY25 Q2: 11.7% FCF margin (TTM), FY25 Q3: 11.3% FCF margin (TTM), FY25 Q4: 10.7% FCF margin (TTM), FY26 Q1: 8.3% FCF margin (TTM), FY26 Q2: 6.8% FCF margin (TTM), FY26 Q3: 7.4% FCF margin (TTM), FY26 Q4: 7.2% FCF margin (TTM), FY27 Q1: 7.9% FCF margin (TTM), FY27 Q2: 10.6% 10.6%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q3 11.8%
FY24 Q4 11.6%
FY25 Q1 13.4%
FY25 Q2 11.7%
FY25 Q3 11.3%
FY25 Q4 10.7%
FY26 Q1 8.3%
FY26 Q2 6.8%
FY26 Q3 7.4%
FY26 Q4 7.2%
FY27 Q1 7.9%
FY27 Q2 10.6%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2026, from the 10-K

Each dollar Abercrombie & Fitch took in during FY2026, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $5.3B
  2. Selling, general and admin $725M · 13.8%
  3. Other operating costs $3.8B · 72.9%
  4. Operating income $699M · 13.3%
  5. Income tax $206M · 3.9%
  6. Net income $507M · 9.6%

Shares of revenue. Source: Abercrombie & Fitch's 10-K for FY2026, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Jan 2010 2011 Jan 2011 2012 Jan 2012 2013 Feb 2013 2014 Feb 2014 2015 Jan 2015 2016 Jan 2016 2017 Jan 2017 2018 Feb 2018 2019 Feb 2019 2020 Feb 2020 2021 Jan 2021 2022 Jan 2022 2023 Jan 2023 2024 Feb 2024 2025 Feb 2025 2026 Jan 2026 LTM Aug 2026
Income
Revenue 2,929 3,469 4,158 4,511 4,117 3,744 3,519 3,327 3,493 3,590 3,623 3,125 3,713 3,698 4,281 4,949 5,266 5,341
Gross profit 1,884 2,217 2,550 2,817 2,575 2,314 2,158 2,029 2,084 2,160 2,151 1,891 2,312 2,105 2,693 — — —
EBITDA 357 466 454 598 316 340 287 211 267 305 244 146 487 225 626 895 854 897
Operating income 118 237 221 374 81 114 73 15 72 127 70 −20 343 93 485 741 699 732
Net income 0 156 144 237 55 52 36 4 7 75 39 −114 263 3 328 566 507 536
Diluted EPS $0.00 $1.73 $1.61 $2.85 $0.69 $0.71 $0.51 $0.06 $0.10 $1.08 $0.60 −$1.82 $4.20 $0.05 $6.22 $10.69 $10.46 $11.62
Growth (year on year)
Revenue −15.9% +18.4% +19.9% +8.5% −8.7% −9.1% −6.0% −5.5% +5.0% +2.8% +0.9% −13.7% +18.8% −0.4% +15.8% +15.6% +6.4% +4.7%
EBITDA −50.7% +30.7% −2.6% +31.7% −47.2% +7.6% −15.7% −26.5% +26.6% +14.6% −20.2% −40.2% +234.1% −53.8% +178.3% +43.0% −4.5% +0.1%
Operating income −76.3% +101.2% −6.7% +69.0% −78.4% — −35.8% −79.1% — +76.8% −45.0% — — −73.0% +423.1% +52.9% −5.6% −1.5%
Net income −99.9% — −7.6% +64.7% −77.0% — — — — — −47.2% — — −98.9% — +72.6% −10.5% −0.9%
Diluted EPS −100.0% — −6.9% +77.0% −75.8% — — — — — −44.4% — — −98.8% — +71.9% −2.2% +9.9%
Margins
Gross margin 64.3% 63.9% 61.3% 62.4% 62.6% 61.8% 61.3% 61.0% 59.7% 60.2% 59.4% 60.5% 62.3% 56.9% 62.9% — — —
EBITDA margin 12.2% 13.4% 10.9% 13.3% 7.7% 9.1% 8.1% 6.3% 7.6% 8.5% 6.7% 4.7% 13.1% 6.1% 14.6% 18.1% 16.2% 16.8%
Operating margin 4.0% 6.8% 5.3% 8.3% 2.0% 3.0% 2.1% 0.5% 2.1% 3.5% 1.9% −0.7% 9.2% 2.5% 11.3% 15.0% 13.3% 13.7%
Net margin 0.0% 4.5% 3.5% 5.3% 1.3% 1.4% 1.0% 0.1% 0.2% 2.1% 1.1% −3.6% 7.1% 0.1% 7.7% 11.4% 9.6% 10.0%
Free-cash-flow margin 7.5% 6.7% 1.1% 7.6% 0.3% 3.7% 4.7% 1.3% 5.2% 5.6% 2.7% 9.7% 4.9% −4.5% 11.6% 10.7% 7.2% 10.6%
Cash flow
Cash from operations 395 392 365 684 175 312 310 185 288 353 301 405 278 −2 653 710 619 820
Capital spending 175 161 319 340 164 175 143 141 107 152 203 102 97 165 158 183 241 253
Free cash flow 220 231 47 344 12 138 167 44 181 201 98 303 181 −167 496 527 378 566
Stock-based pay 36 41 51 53 54 23 28 22 22 22 14 19 29 29 40 39 39 39
Free cash flow after stock pay 184 190 −4 291 −42 115 138 22 159 179 84 284 151 −196 456 489 339 527
Balance sheet
Cash 670 826 583 644 600 521 589 547 676 723 671 1,105 823 518 901 773 760 628
Total debt — — — — — — — — — — — — — — — — — 0
Net debt (negative = net cash) −670 −826 −583 −644 −600 −521 −589 −547 −676 −723 −671 −1,105 −823 −518 −901 −773 −760 −628
Diluted shares 89m — 90m 83m 79m 73m 69m 68m 69m 69m 66m 63m 63m 52m 53m 53m 48m 46m
Returned to shareholders
Dividends 62 62 61 58 62 57 55 54 54 54 52 13 0 0 — — — —
Buybacks 0 76 197 322 116 285 50 0 0 69 64 15 377 126 0 230 451 486
Total returned 62 138 258 379 178 342 105 54 54 122 115 28 377 126 0 230 451 486

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 1 checks passed · August 1, 2026
What it owns · $3.6bn
Short-term assets $1.5bnLonger-term assets $2.0bn
What it owes, and who funded it · $2.5bn
Short-term liabilities $1.1bnShareholders' equity $1.4bn
  • Short-term assets cover short-term liabilities $1.5bn of assets due within a year against $1.1bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Abercrombie & Fitch Co's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2027 Q2 TTM
Buybacks (TTM)
$486M
Buybacks, last 3 fiscal years
$681M
Diluted share count
−9.8%
year over year
Total shareholder yield
6.7%
dividends 0.0% + buybacks 6.7% of market value

Competitors: side by side with peers

Closest by revenue in apparel retail
Last 12 months unless stated ANF AEO URBN VSXY GCO BOOT Median
Revenue, last 12 months $5.3bn $5.7bn $6.5bn $6.9bn $2.4bn $2.4bn $1.1bn
Revenue growth, last 12 months 4.7% 9.2% 11.0% 10.3% 3.0% 16.8% 4.2%
Revenue growth, 3-year average 11.5% 4.6% 9.4% 3.8% 1.4% 12.5% 0.9%
Revenue growth, latest quarter 4.8% 7.5% 10.4% 10.4% −3.0% 15.1% 4.4%
Gross margin 64.7% 40.5% 37.5% 39.6% 47.5% 38.6% 40.1%
Operating margin 13.7% 7.8% 11.3% 7.9% 2.0% 13.8% 2.0%
Operating margin, 3-year average 14.2% 6.2% 9.4% 5.6% 0.9% 12.9% 0.2%
Net margin 10.0% 5.9% 8.8% 5.5% 1.7% 10.4% 1.5%
Cash from operations / revenue 15.3% 10.4% 11.1% 11.0% 5.5% 13.6% 4.9%
Free-cash-flow margin 10.6% 6.0% 4.6% 8.0% 3.0% 5.3% 2.9%
Free-cash-flow margin, 3-year average 9.7% 4.8% 5.3% 5.0% 2.4% 2.7% 1.7%
Stock pay / revenue 0.7% 0.7% 0.5% 0.8% 0.5% 0.7% 0.7%
Change in share count −9.8% −5.7% −3.9% 4.0% 1.9% −0.3% −0.3%

Median of all 28 companies we cover in apparel retail. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

28 apparel retail companies
Measure Company Peer median Rank
Revenue growth Growth 4.7% 4.7% 14 of 28
Change in growth rate Growth -0.4pp -0.2pp 17 of 28
Operating margin Profitability 13.7% 1.9% 4 of 25
Net margin Profitability 10.0% 1.7% 5 of 28
Free-cash-flow margin Cash generation 10.6% 3.0% 3 of 28
Stock pay as % of revenue Cash generation 0.7% 0.7% 14 of 26
Change in share count Balance sheet -9.8% -0.3% 1 of 27

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to January 31, 2026
Products and services
Line of business Revenue YoY
Hollister $2.7B ▲ 14.7%
Abercrombie $2.5B ▼ 1.3%
Gift Card $129M ▼ 8.5%
Royalty $74.8M ▲ 13.8%

These categories overlap or exclude eliminations, so shares aren't shown.

From Abercrombie & Fitch Co's 10-K filed March 26, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$4.3B
Institutions reporting
412
Shares held vs prior quarter
▲ 4.7%
Positions opened / closed
56 / 53

Top buyers and sellers, Q2 2026: 213 institutions bought and 192 sold ; the biggest buyer was FMR LLC (+2.3M shares) and the biggest seller AQR Capital Management LLC (−1.0M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $546M 6.1M 12.7% ▲ 1.5%
FMR LLC $327M 3.6M 7.6% ▲ 167.7%
Vanguard Portfolio Management LLC $221M 2.5M 5.1% ▲ 1.5%
AQR Capital Management LLC $213M 2.4M 4.9% ▼ 29.6%
American Century Companies Inc $182M 2.0M 4.2% ▲ 24.3%
Vanguard Capital Management LLC $181M 2.0M 4.2% ▼ 1.8%
Dimensional Fund Advisors LP $165M 1.8M 3.8% ▲ 14.8%
State Street Corp $164M 1.8M 3.8% ▲ 3.0%
Bbfit Investments Pte Ltd $147M 1.6M 3.4% 0.0%
Arrowstreet Capital, Limited Partnership $124M 1.4M 2.9% ▲ 5.4%
Geode Capital Management, LLC $110M 1.2M 2.6% ▲ 3.3%
T. Rowe Price Investment Management, Inc. $87.3M 970K 2.0% ▲ 2.6%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Abercrombie & Fitch Co's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $50.3M 29 trades by 5 insiders · 88% under pre-set plans
Net ▼ $50.3M net selling
Insider Date Trade Shares Price Value
Lipesky Scott D. EVP and COO September 4, 2026 Sell 2,000 $146.82 $293,640
Henchel Gregory J EVP, Chief Legal Off & Secy August 28, 2026 Sell 30,000 $146.65 $4.4M
Lipesky Scott D. EVP and COO August 28, 2026 Sell 5,000 $149.00 $745,000
Robinson Kenneth B. Director August 28, 2026 Sell 800 $149.69 $119,752
Rust Jay EVP, Chief HR Officer August 28, 2026 Sell 5,000 $147.50 $737,500
Lipesky Scott D. EVP and COO August 10, 2026 Sell pre-set plan 10,000 $115.00 $1.1M
Lipesky Scott D. EVP and COO August 4, 2026 Sell pre-set plan 10,000 $110.00 $1.1M
Lipesky Scott D. EVP and COO July 28, 2026 Sell pre-set plan 10,000 $105.00 $1.1M
Lipesky Scott D. EVP and COO July 16, 2026 Sell pre-set plan 10,000 $100.00 $1M
Horowitz Fran Chief Executive Officer February 6, 2026 Sell pre-set plan 29,769 $100.00 $3M
Horowitz Fran Chief Executive Officer February 5, 2026 Sell pre-set plan 4,610 $100.52 $463,397
Horowitz Fran Chief Executive Officer February 5, 2026 Sell pre-set plan 3,132 $102.62 $321,406

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 1 trade and filings

No trades in Abercrombie & Fitch Co disclosed in the last 12 months; 1 earlier trade on record.

  • Jacky Rosen(D-NV 3):Sale (full), $1,001 - $15,000, traded September 25, 2017, filed October 1, 2017

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 25, 2026 estimated from the company's past filing pattern, not announced

  • August 26, 2026
  • May 27, 2026
  • March 4, 2026
  • November 26, 2025
  • August 28, 2025
  • May 29, 2025

Recent SEC filings

Data status

When each part of this page on Abercrombie & Fitch Co was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Abercrombie & Fitch Co in brief

What does Abercrombie & Fitch Co do?
Abercrombie & Fitch Co is a US-listed company in the apparel retail industry. Its financial year ends in January.
What is Abercrombie & Fitch Co's stock ticker?
Abercrombie & Fitch Co trades under the ticker ANF on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Abercrombie & Fitch Co's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Abercrombie & Fitch Co reported revenue of $5.3B, 4.7% higher than a year earlier, according to its SEC filings.
What is Abercrombie & Fitch Co's free cash flow?
Abercrombie & Fitch Co's free-cash-flow margin is 10.6% of revenue over the trailing twelve months, ranking 3 of the 28 apparel retail companies we cover.
What is Abercrombie & Fitch Co's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Abercrombie & Fitch Co's free cash flow after stock-based pay gives ~$260 per share in the base case, and ~$200–$340 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Abercrombie & Fitch Co's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., FMR LLC and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Abercrombie & Fitch Co buying back stock, and does it pay a dividend?
Abercrombie & Fitch Co spent $486M on share repurchases over the trailing twelve months, and its diluted share count fell 9.8% over the year.
What is Abercrombie & Fitch Co's market cap?
On November 2, 2026, Abercrombie & Fitch Co's market capitalisation was about $7.6B, with a price-to-earnings ratio of 14.1 and net debt of -$628M. Market figures come from third-party market data and may be delayed.
Who are Abercrombie & Fitch Co's competitors?
In our Apparel Retail peer group, the companies closest to Abercrombie & Fitch Co are American Eagle Outfitters Inc, Urban Outfitters Inc, Victoria's Secret & Co., Genesco Inc and Boot Barn Holdings, Inc. The side-by-side comparison below sets their revenue, margins and growth against Abercrombie & Fitch Co's.
Are insiders buying or selling Abercrombie & Fitch Co stock?
Over the last 12 months, Abercrombie & Fitch Co's directors and officers reported 0 open-market purchases and 29 sales on Form 4. The insider trading page charts every trade.
When is Abercrombie & Fitch Co's next earnings date?
Around November 24, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Abercrombie & Fitch Co announces its own schedule.