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Abercrombie & Fitch Company

ANF Consumer Cyclical Apparel Retail

Abercrombie & Fitch Company’s revenue for fiscal 2026 (year ended January 2026) was $5.3 billion, up 6.42% from fiscal 2025.

Revenue
+4.81%
EPS
+41.4%
Free cash flow
+296.6%

Quarter to July 2026, against a year earlier

159.14 11.95 −6.98%
Market cap
$6.7B
P/E
13.4×
Fwd P/E
12.2×
Dividend yield
—
F-score
6/9
Altman Z
5.09
Beneish M
−2.18
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by products and services Fiscal 2020

  • Hollister
  • Abercrombie

Every year since 2010 →

Insider Decisions last twelve months

Sold, $m 50.32
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — 1 3 — — — — 2 6 1 — —
Insider Ownership 5.23%

Capital & Financial Ratios $m

Size
Market Cap 6,690.00
Revenue ttm 5,340.93
Net income ttm 543.53
Free cash flow ttm 566.46
Net debt Q (638.00)
Valuation
P/E 13.41
Forward P/E 12.20
Price / sales 1.30
Forward P/S Powerpack
Price / FCF 12.30
Price / book 5.09
Financial health
Current ratio Q 1.41
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q 450.45
Growth
Revenue growth Q +4.81% (above 0%: growing)
Operating income growth Q +22.28% (above 0%: growing)
EPS, this year +30.63% (at or above 15%: strong)
EPS, next year A +0.17%
Revenue, next year A +4.99%
EPS, past 5 yrs +19.39% (at or above 15%: strong)
EPS, next 5 yrs A +13.44%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.3×, against a ten-year median of 0.4×; over the ten years it ranged from 0.1× in 2020 to 1.9× in 2024.
P/E against its own 10 years 39.97%
10-year low 10-year high
P/S against its own 10 years 90.80%
10-year low 10-year high
P/B against its own 10 years 89.70%
10-year low 10-year high
EV/Sales against its own 10 years 91.38%
10-year low 10-year high
EV/FCF against its own 10 years 71.13%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—
Growth, 2017–25
−100.0%/yr
  1. 0.80 ’17
  2. 0.80 ’18 +0
  3. 0.80 ’19 +0
  4. 0.20 ’20 −75
  5. 0.00 ’21 −100
  6. 0.00 ’22
  7. 0.00 ’23
  8. 0.00 ’24
  9. 0.00 ’25
paid change on the year, % Powerpack

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 901 889 785 638
Receivables 78 105 147 190
Inventory 469 575 601 592
Other 89 104 118 126
1,537 1,673 1,650 1,546
2024 2025 2026 Q'26
Payables 297 365 377 354
ST’ Debt — — — —
Other — — — —
967 1,127 1,106 1,099

Compound Annual Growth %

10y 5y 3y
Sales 4.11% 7.24% 12.51%
Cash Flow 7.16% 17.39% 0.00%
Earnings 30.43% 14.02% 464.64%
Book Value 0.92% 8.39% 26.21%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 1.95 Actual 2.42

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 2.14 2.36 Beat by 0.22
Q4 FY25 3.56 3.68 Beat by 0.12
Q1 FY26 1.26 1.47 Beat by 0.21
Q2 FY26 1.95 2.42 Beat by 0.47
Q3 FY26 3.01 — Reports 24 November 2026

EPS $

Apr Jul Oct Jan Year
’26 1.47 4.17 — — —
’26 1.59 2.91 2.36 3.68 10.46
’25 2.14 2.50 2.50 3.57 10.69
’24 0.32 1.10 1.83 2.97 6.22
’23 (0.32) (0.33) (0.04) 0.75 0.05
’22 0.64 1.69 0.77 1.12 4.20
’21 (3.90) 0.09 0.66 7.43 4.31
Fiscal quarters ending in the months shown.

Revenue $m

Apr Jul Oct Jan Year
’26 1,114 1,267 — — —
’26 1,097 1,209 1,291 1,670 5,266
’25 1,021 1,134 1,209 1,585 4,949
’24 836 935 1,056 1,453 4,281
’23 813 805 880 1,200 3,698
’22 781 865 905 1,161 3,713
’21 485 698 820 1,709 3,713
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Apr Jul Oct Jan Year
’26 44 269 — — —
’26 (4) 117 200 306 619
’25 95 165 143 308 710
’24 (1) 217 134 303 653
’23 (218) (42) (41) 299 (2)
’22 (131) 181 81 146 278
’21 (141) 187 63 169 278
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Apr Jul Oct Jan Year
’26 (17) 201 — — —
’26 (55) 51 132 251 378
’25 56 122 92 257 527
’24 (47) 173 96 274 496
’23 (236) (75) (98) 255 (155)
’22 (146) 160 54 112 181
’21 (188) 158 47 164 181
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing −0.3% a year for ten years. It grew 18.8% a year over the last ten.

Implied
−0.3%
10 years, reported
18.8%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.8
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to January

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Jul ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 3,327 3,493 3,590 3,623 3,713 3,713 3,698 4,281 4,949 5,266 5,341 +5.2% 5,529 5,772 6,000 +4.4%
Gross margin, % 60.98 59.66 60.16 59.37 62.27 62.27 56.91 62.92 64.15 61.47 63.67 +0.5 pt
EBT (3) 55 116 62 309 309 67 484 769 721 758 n/m
EBT margin, % (0.10) 1.58 3.24 1.72 8.32 8.32 1.81 11.31 15.53 13.69 14.19 +13.8 pt
Net income 8 11 79 45 270 270 10 335 574 515 544 +59.5%
Per share, $
Per share, $ Revenue 49.01 51.07 53.31 56.23 62.30 62.30 73.50 85.19 97.34 111.29 122.03 +9.5%
Earnings 0.06 0.10 1.11 0.61 4.53 4.41 0.06 6.53 11.14 10.71 11.87 +77.9%
Cash flow 2.73 4.21 5.24 4.67 4.66 4.66 (0.05) 13.00 13.97 13.08 18.73 +19.0%
Capex (2.01) (1.56) (2.26) (3.15) (1.63) (1.63) (3.03) (3.13) (3.60) (5.09) (5.78) +10.8%
Free cash flow 0.71 2.64 2.98 1.52 3.03 3.03 (3.08) 9.88 10.38 8.00 12.94 +30.8%
Book value 18.45 18.31 18.09 16.63 15.93 14.05 14.05 20.90 26.58 30.02 31.29 +5.6%
Shares, m 68 68 67 64 60 60 50 50 51 47 46 (3.9%)
Valuation, ×
Valuation, × P/E 193.50 230.11 18.84 25.17 5.11 8.82 321.78 15.68 10.71 9.41 13.41 83.9
P/S 0.24 0.41 0.41 0.29 0.37 0.63 0.39 1.20 1.23 0.91 1.30 0.6
P/B 0.63 1.13 1.20 0.98 1.44 2.78 2.06 4.88 4.49 3.38 5.09 2.3
EV/Sales 0.17 0.30 0.29 0.25 0.22 0.54 0.39 1.09 1.13 0.84 1.26 0.5
EV/FCF 11.41 5.77 5.25 9.17 4.54 11.14 (9.33) 9.37 10.62 11.73 11.92 7.0
Cash, $m
Cash, $m Operating cash flow 185 288 353 301 278 278 (2) 653 710 619 820 +14.4%
Capex (137) (107) (152) (203) (97) (97) (153) (157) (183) (241) (253) +6.5%
Free cash flow 48 181 201 98 181 181 (155) 496 527 378 566 +25.7%
Balance, $m
Balance, $m Working capital 653 757 777 449 702 493 326 570 546 544 447 (2.0%)
Net debt (238) (375) (426) (439) (761) (520) (221) (679) (889) (785) (638) +14.2%
Shareholders’ equity 1,252 1,252 1,219 1,071 949 837 707 1,050 1,351 1,420 1,370 +1.4%
Returns, %
Returns, % ROA 0.17 0.31 3.16 1.33 7.66 8.41 0.10 11.54 18.05 14.82 15.54 +14.6 pt
ROIC 0.94 5.13 10.05 6.93 113.84 67.48 11.92 81.60 100.14 68.72 62.57 +67.8 pt
ROE 0.31 0.57 6.03 3.44 26.03 29.44 0.36 37.36 47.16 36.58 40.05 +36.3 pt
People
People Employees 43,000 38,000 42,000 44,000 34,000 31,500 29,600 31,700 39,200 43,200 — +0.1%
Revenue/emp, $m 0.08 0.09 0.09 0.08 0.11 0.12 0.12 0.14 0.13 0.12 — +5.2%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Jan 2026 · latest quarter Jul 2026

Business profile

Updated

Abercrombie & Fitch is a global apparel retailer selling clothing, accessories and personal care products for men, women and children. It sells primarily through its own stores and digital channels, alongside arrangements with other businesses. Founded in 1892, the company is headquartered in New Albany. Fran Horowitz is its chief executive officer.

The business has two brand families. Abercrombie includes Abercrombie & Fitch, abercrombie kids and the Your Personal Best collection. Hollister includes Hollister and Gilly Hicks. Their assortments include apparel, accessories and fragrance. The company also sells merchandise bearing licensed trademarks, such as those of collegiate and professional sports teams.

Where the money comes from and where it goes Fiscal 2020

Fiscal 2020: revenue by products and services, and margins
Hollister 2,159 59.58%
Abercrombie 1,465 40.42%
Gross margin 59.37%
Operating margin 1.93%
Pre-tax margin 1.72%

Revenue by segment since 2010

Abercrombie & Fitch Company vs peers in Apparel Retail (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
BURL Burlington Stores, Inc. $15.8B 22.5× 20.6× +10.99% (above 0%: growing) +95.92% (above 0%: growing) +31.74% (above 0%: growing) 46.24% 8.51% Compare
LULU lululemon athletica inc. $13.0B 9.2× 11.1× −4.34% (below 0%: shrinking) −5.81% (below 0%: shrinking) +49.33% (above 0%: growing) 60.52% 18.78% Compare
VSXY Victoria's Secret & Co. $8.5B 23.9× 18.9× +10.42% (above 0%: growing) +990.00% (above 0%: growing) +272.73% (above 0%: growing) 47.11% 15.95% Compare
GAP The Gap, Inc. $7.9B 6.6× 6.1× −1.99% (below 0%: shrinking) +143.10% (above 0%: growing) −47.71% (below 0%: shrinking) 52.83% 18.52% Compare
URBN Urban Outfitters, Inc. $7.5B 13.5× 12.8× +10.44% (above 0%: growing) +75.63% (above 0%: growing) +92.47% (above 0%: growing) 43.42% 17.37% Compare
ANF Abercrombie & Fitch Company $6.7B 13.4× 12.2× +4.81% (above 0%: growing) +41.41% (above 0%: growing) +296.59% (above 0%: growing) 71.10% 19.95%
BOOT Boot Barn Holdings, Inc. $4.2B 16.6× 14.9× +15.12% (above 0%: growing) +25.80% (above 0%: growing) +62.25% (above 0%: growing) 37.21% 12.07% Compare
AEO American Eagle Outfitters, Inc. $3.4B 10.2× 8.6× +7.53% (above 0%: growing) +77.78% (above 0%: growing) +367.29% (above 0%: growing) 48.69% 15.32% Compare
BKE Buckle, Inc. (The) $2.3B 10.1× 10.8× +4.60% (above 0%: growing) −2.22% (below 0%: shrinking) −63.66% (below 0%: shrinking) 47.85% 17.45% Compare
Median of peers $7.7B 11.8× 12.0× +8.98% +76.71% +55.79% 47.48% 16.66%

All 33 Apparel Retail stocks →

From the latest earnings call

Updated

  • CFO Robert Ball said tariff refunds added approximately $1.75 to quarterly diluted earnings per share, while results exceeded the company’s outlook beyond the refund benefit.
  • CEO Fran Horowitz-Bonadies said lower discounts helped sales exceed expectations and that the company was expanding its reach through partnerships and new categories.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 107.22%
Held by the ten largest 62.10%
Holder Shares Stake Change
BlackRock 6.06m 13.65% +90.89k
Vanguard 4.88m 10.99% −7.13k
Fidelity (FMR) 3.64m 8.19% +2.28m
AQR Capital Management 2.42m 5.45% −1.02m
American Century 2.02m 4.54% +394.99k
T. Rowe Price 1.90m 4.28% +392.34k
Dimensional Fund Advisors 1.83m 4.12% +236.60k
State Street 1.82m 4.10% +52.52k
BBFIT INVESTMENTS PTE LTD 1.63m 3.68% 0.00
Arrowstreet Capital 1.38m 3.11% +70.63k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 20 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2026 13.30m (11.63m) 423.19
2025 17.04m 40.83m 517.47
2024 15.04m 99.16m 474.51
2023 11.03m (2.40m) 118.38
2022 12.85m 35.57m 158.17

Ownership

Directors and executive officers, together 2.33%
BlackRock, Inc. 13.58%
The Vanguard Group 10.69%
AQR Capital Management, LLC One Greenwich Plaza, Suite 5.60%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Abercrombie & Fitch Company (ANF) Latest News

29 Oct

Impact 4 · · Investing.com
Impact 3 · · Insider Monkey
Impact 3 · · StockStory

28 Oct

Impact 3 · · Zacks
Impact 3 · · Zacks

27 Oct

Impact 3 · · Zacks

26 Oct

Impact 3 · · StockStory

23 Oct

Impact 3 · · Simply Wall St.

21 Oct

Impact 3 · · Zacks

20 Oct

Impact 3 · · Zacks

16 Oct

Impact 3 · · Zacks
Impact 3 · · Zacks

15 Oct

Impact 3 · · Zacks
Impact 3 · · Zacks

14 Oct

Impact 3 · · Simply Wall St.

13 Oct

Impact 3 · · Zacks

9 Oct

Impact 4 · · Proactive Investors

7 Oct

Impact 3 · · Zacks
Impact 3 · · Zacks

5 Oct

Impact 4 · · Zacks
Impact 3 · · Insider Monkey
Impact 3 · · Zacks

4 Oct

Impact 4 · · Simply Wall St.

3 Oct

Impact 4 · · Simply Wall St.

1 Oct

Impact 4 · · Zacks
Impact 3 · · Zacks
Impact 3 · · Zacks
Impact 3 · · Zacks

30 Sep

Impact 3 · · Zacks

29 Sep

Impact 4 · · PR Newswire

ANF metrics, ten years each

stockrow.com/ANF · Data as of Jul 31, 2026 · For information only; not investment advice. · © 2026 stockrow.com