Abercrombie & Fitch (ANF)
Market Price (8/19/2026): $103.7 | Market Cap: $4.7 BilSector: Consumer Discretionary | Industry: Apparel Retail
Abercrombie & Fitch (ANF)
Market Price (8/19/2026): $103.7Market Cap: $4.7 BilSector: Consumer DiscretionaryIndustry: Apparel Retail
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.3%, FCF Yield is 8.9% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13% Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, and Experience Economy & Premiumization. Themes include Direct-to-Consumer Brands, and Experiential Retail. | Weak multi-year price returns2Y Excs Rtn is -74% | Key risksANF key risks include [1] managing brand relevance as evidenced by a 5% sales decline in its core Abercrombie brand and [2] navigating a projected $50 million net impact from trade tariffs. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.3%, FCF Yield is 8.9% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13% |
| Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, and Experience Economy & Premiumization. Themes include Direct-to-Consumer Brands, and Experiential Retail. |
| Weak multi-year price returns2Y Excs Rtn is -74% |
| Key risksANF key risks include [1] managing brand relevance as evidenced by a 5% sales decline in its core Abercrombie brand and [2] navigating a projected $50 million net impact from trade tariffs. |
Qualitative Assessment
AI Analysis | Feedback
Updated on 8/17/2026
Abercrombie & Fitch (ANF) stock has gained about 20% since 4/30/2026 because of the following key factors:
1. Abercrombie & Fitch reported strong fiscal Q1 2026 results, which ended April 30, 2026, beating analyst expectations. The company announced on May 27, 2026, a diluted EPS of $1.47, exceeding analyst estimates of $1.29 by 13.95%. This also surpassed the company's own outlook. Additionally, ANF achieved record fiscal Q1 net sales of $1.1 billion, representing a 2% year-over-year increase and marking its 14th consecutive quarter of net sales growth. The operating margin reached 8.0%, above the internal plan of approximately 7.0%. Regional performance was robust in the Americas, with net sales up 3%, and in APAC, with net sales surging 24%. The stock reacted positively to this news, gaining 8.88% in the trading session following the announcement.
2. The company reaffirmed its strong full-year fiscal 2026 guidance, boosting investor confidence. Despite some softness in the EMEA region, Abercrombie & Fitch maintained its full-year guidance for net sales growth of 3% to 5% and diluted EPS in the range of $10.20 to $11.00. This reaffirmation of a positive outlook, coupled with a reduction in the anticipated fiscal 2026 tariff headwind from ~70 basis points to ~20 basis points, underscored management's confidence in sustained profitability and growth.
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Abercrombie & Fitch (ANF) stock has gained about 20% since 4/30/2026 because of the following key factors:
1. Abercrombie & Fitch reported strong fiscal Q1 2026 results, which ended April 30, 2026, beating analyst expectations. The company announced on May 27, 2026, a diluted EPS of $1.47, exceeding analyst estimates of $1.29 by 13.95%. This also surpassed the company's own outlook. Additionally, ANF achieved record fiscal Q1 net sales of $1.1 billion, representing a 2% year-over-year increase and marking its 14th consecutive quarter of net sales growth. The operating margin reached 8.0%, above the internal plan of approximately 7.0%. Regional performance was robust in the Americas, with net sales up 3%, and in APAC, with net sales surging 24%. The stock reacted positively to this news, gaining 8.88% in the trading session following the announcement.
2. The company reaffirmed its strong full-year fiscal 2026 guidance, boosting investor confidence. Despite some softness in the EMEA region, Abercrombie & Fitch maintained its full-year guidance for net sales growth of 3% to 5% and diluted EPS in the range of $10.20 to $11.00. This reaffirmation of a positive outlook, coupled with a reduction in the anticipated fiscal 2026 tariff headwind from ~70 basis points to ~20 basis points, underscored management's confidence in sustained profitability and growth.
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Updated on 8/17/2026
Abercrombie & Fitch (ANF) stock has gained about 20% since 4/30/2026 because of the following key factors:
1. Abercrombie & Fitch reported strong fiscal Q1 2026 results, which ended April 30, 2026, beating analyst expectations. The company announced on May 27, 2026, a diluted EPS of $1.47, exceeding analyst estimates of $1.29 by 13.95%. This also surpassed the company's own outlook. Additionally, ANF achieved record fiscal Q1 net sales of $1.1 billion, representing a 2% year-over-year increase and marking its 14th consecutive quarter of net sales growth. The operating margin reached 8.0%, above the internal plan of approximately 7.0%. Regional performance was robust in the Americas, with net sales up 3%, and in APAC, with net sales surging 24%. The stock reacted positively to this news, gaining 8.88% in the trading session following the announcement.
2. The company reaffirmed its strong full-year fiscal 2026 guidance, boosting investor confidence. Despite some softness in the EMEA region, Abercrombie & Fitch maintained its full-year guidance for net sales growth of 3% to 5% and diluted EPS in the range of $10.20 to $11.00. This reaffirmation of a positive outlook, coupled with a reduction in the anticipated fiscal 2026 tariff headwind from ~70 basis points to ~20 basis points, underscored management's confidence in sustained profitability and growth.
3. Positive analyst sentiment and increased price targets contributed to the upward trend. Several financial analysts reacted to the company's performance by upgrading ratings and raising price objectives. Jefferies Financial Group, for instance, lifted its price target for ANF from $110.00 to $135.00 and issued a "buy" rating. Barclays also upgraded ANF to "Equal-Weight" on August 11, 2026, significantly increasing its price target from $78.00 to $114.00. The average 12-month price target among analysts now stands at $117.55, with a consensus "Moderate Buy" rating from 13 analysts, indicating a favorable outlook for the stock.
4. Strategic share repurchases and favorable valuation metrics enhanced shareholder value. Abercrombie & Fitch demonstrated a commitment to returning capital to shareholders by repurchasing $105 million of its shares in fiscal Q1 2026, which represented 3% of outstanding shares at the beginning of the year. This capital allocation strategy, combined with the stock trading at a lower forward price-to-earnings (P/E) ratio compared to many of its specialty retail peers, made ANF appear attractively valued to investors. InvestingPro's Fair Value analysis previously identified ANF as undervalued, with the stock exceeding its initial Fair Value estimate by August 2026, delivering a 65.9% return over ten months.
Show less
Abercrombie & Fitch (ANF) stock has gained about 20% since 4/30/2026 because of the following key factors:
1. Abercrombie & Fitch reported strong fiscal Q1 2026 results, which ended April 30, 2026, beating analyst expectations. The company announced on May 27, 2026, a diluted EPS of $1.47, exceeding analyst estimates of $1.29 by 13.95%. This also surpassed the company's own outlook. Additionally, ANF achieved record fiscal Q1 net sales of $1.1 billion, representing a 2% year-over-year increase and marking its 14th consecutive quarter of net sales growth. The operating margin reached 8.0%, above the internal plan of approximately 7.0%. Regional performance was robust in the Americas, with net sales up 3%, and in APAC, with net sales surging 24%. The stock reacted positively to this news, gaining 8.88% in the trading session following the announcement.
2. The company reaffirmed its strong full-year fiscal 2026 guidance, boosting investor confidence. Despite some softness in the EMEA region, Abercrombie & Fitch maintained its full-year guidance for net sales growth of 3% to 5% and diluted EPS in the range of $10.20 to $11.00. This reaffirmation of a positive outlook, coupled with a reduction in the anticipated fiscal 2026 tariff headwind from ~70 basis points to ~20 basis points, underscored management's confidence in sustained profitability and growth.
3. Positive analyst sentiment and increased price targets contributed to the upward trend. Several financial analysts reacted to the company's performance by upgrading ratings and raising price objectives. Jefferies Financial Group, for instance, lifted its price target for ANF from $110.00 to $135.00 and issued a "buy" rating. Barclays also upgraded ANF to "Equal-Weight" on August 11, 2026, significantly increasing its price target from $78.00 to $114.00. The average 12-month price target among analysts now stands at $117.55, with a consensus "Moderate Buy" rating from 13 analysts, indicating a favorable outlook for the stock.
4. Strategic share repurchases and favorable valuation metrics enhanced shareholder value. Abercrombie & Fitch demonstrated a commitment to returning capital to shareholders by repurchasing $105 million of its shares in fiscal Q1 2026, which represented 3% of outstanding shares at the beginning of the year. This capital allocation strategy, combined with the stock trading at a lower forward price-to-earnings (P/E) ratio compared to many of its specialty retail peers, made ANF appear attractively valued to investors. InvestingPro's Fair Value analysis previously identified ANF as undervalued, with the stock exceeding its initial Fair Value estimate by August 2026, delivering a 65.9% return over ten months.
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Stock Movement Drivers
Fundamental Drivers
The 21.1% change in ANF stock from 4/30/2026 to 8/18/2026 was primarily driven by a 22.5% change in the company's P/E Multiple.| (LTM values as of) | 4302026 | 8182026 | Change |
|---|---|---|---|
| Stock Price ($) | 85.35 | 103.38 | 21.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,266 | 5,283 | 0.3% |
| Net Income Margin (%) | 9.6% | 9.3% | -2.9% |
| P/E Multiple | 7.7 | 9.4 | 22.5% |
| Shares Outstanding (Mil) | 46 | 45 | 1.6% |
| Cumulative Contribution | 21.1% |
Market Drivers
4/30/2026 to 8/18/2026| Return | Correlation | |
|---|---|---|
| ANF | 21.1% | |
| Market (SPY) | 6.8% | 25.7% |
| Sector (XLY) | -1.7% | 54.8% |
Fundamental Drivers
The 5.9% change in ANF stock from 1/31/2026 to 8/18/2026 was primarily driven by a 7.5% change in the company's P/E Multiple.| (LTM values as of) | 1312026 | 8182026 | Change |
|---|---|---|---|
| Stock Price ($) | 97.63 | 103.38 | 5.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,181 | 5,283 | 2.0% |
| Net Income Margin (%) | 10.1% | 9.3% | -7.3% |
| P/E Multiple | 8.8 | 9.4 | 7.5% |
| Shares Outstanding (Mil) | 47 | 45 | 4.2% |
| Cumulative Contribution | 5.9% |
Market Drivers
1/31/2026 to 8/18/2026| Return | Correlation | |
|---|---|---|
| ANF | 5.9% | |
| Market (SPY) | 11.2% | 27.6% |
| Sector (XLY) | -3.8% | 45.4% |
Fundamental Drivers
The 7.7% change in ANF stock from 7/31/2025 to 8/18/2026 was primarily driven by a 9.4% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 7312025 | 8182026 | Change |
|---|---|---|---|
| Stock Price ($) | 96.02 | 103.38 | 7.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,025 | 5,283 | 5.1% |
| Net Income Margin (%) | 10.6% | 9.3% | -11.9% |
| P/E Multiple | 8.9 | 9.4 | 6.2% |
| Shares Outstanding (Mil) | 49 | 45 | 9.4% |
| Cumulative Contribution | 7.7% |
Market Drivers
7/31/2025 to 8/18/2026| Return | Correlation | |
|---|---|---|
| ANF | 7.7% | |
| Market (SPY) | 22.4% | 25.5% |
| Sector (XLY) | 5.7% | 36.2% |
Fundamental Drivers
The 161.0% change in ANF stock from 7/31/2023 to 8/18/2026 was primarily driven by a 869.7% change in the company's Net Income Margin (%).| (LTM values as of) | 7312023 | 8182026 | Change |
|---|---|---|---|
| Stock Price ($) | 39.61 | 103.38 | 161.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,721 | 5,283 | 42.0% |
| Net Income Margin (%) | 1.0% | 9.3% | 869.7% |
| P/E Multiple | 54.8 | 9.4 | -82.8% |
| Shares Outstanding (Mil) | 50 | 45 | 10.2% |
| Cumulative Contribution | 161.0% |
Market Drivers
7/31/2023 to 8/18/2026| Return | Correlation | |
|---|---|---|
| ANF | 161.0% | |
| Market (SPY) | 73.6% | 34.4% |
| Sector (XLY) | 37.0% | 37.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ANF Return | 71% | -34% | 285% | 69% | -16% | -16% | 417% |
| Peers Return | 17% | -24% | 55% | 12% | 15% | -11% | 58% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 106% |
Monthly Win Rates [3] | |||||||
| ANF Win Rate | 67% | 50% | 83% | 50% | 42% | 50% | |
| Peers Win Rate | 50% | 32% | 62% | 52% | 55% | 48% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| ANF Max Drawdown | -31% | -65% | -30% | -32% | -59% | -46% | |
| Peers Max Drawdown | -29% | -47% | -22% | -34% | -43% | -34% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: AEO, URBN, LULU, RL, PVH. See ANF Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/18/2026 (YTD)
How Low Can It Go
| Event | ANF | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -36.3% | -18.8% |
| % Gain to Breakeven | 57.0% | 23.1% |
| Time to Breakeven | 246 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -29.7% | -6.7% |
| % Gain to Breakeven | 42.2% | 7.1% |
| Time to Breakeven | 26 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -58.9% | -24.5% |
| % Gain to Breakeven | 143.1% | 32.4% |
| Time to Breakeven | 286 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -52.0% | -33.7% |
| % Gain to Breakeven | 108.4% | 50.9% |
| Time to Breakeven | 189 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -22.1% | -19.2% |
| % Gain to Breakeven | 28.3% | 23.8% |
| Time to Breakeven | 9 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -31.2% | -3.7% |
| % Gain to Breakeven | 45.3% | 3.9% |
| Time to Breakeven | 226 days | 6 days |
In The Past
Abercrombie & Fitch's stock fell -36.3% during the 2025 US Tariff Shock. Such a loss loss requires a 57.0% gain to breakeven.
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Asset Allocation
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| Event | ANF | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -36.3% | -18.8% |
| % Gain to Breakeven | 57.0% | 23.1% |
| Time to Breakeven | 246 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -29.7% | -6.7% |
| % Gain to Breakeven | 42.2% | 7.1% |
| Time to Breakeven | 26 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -58.9% | -24.5% |
| % Gain to Breakeven | 143.1% | 32.4% |
| Time to Breakeven | 286 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -52.0% | -33.7% |
| % Gain to Breakeven | 108.4% | 50.9% |
| Time to Breakeven | 189 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -22.1% | -19.2% |
| % Gain to Breakeven | 28.3% | 23.8% |
| Time to Breakeven | 9 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -31.2% | -3.7% |
| % Gain to Breakeven | 45.3% | 3.9% |
| Time to Breakeven | 226 days | 6 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -59.7% | -6.8% |
| % Gain to Breakeven | 148.0% | 7.3% |
| Time to Breakeven | 2028 days | 15 days |
| 2013 Taper Tantrum | ||
| % Loss | -34.3% | -0.2% |
| % Gain to Breakeven | 52.3% | 0.2% |
| Time to Breakeven | 2668 days | 1 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -26.9% | -17.9% |
| % Gain to Breakeven | 36.9% | 21.8% |
| Time to Breakeven | 4427 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -38.3% | -15.4% |
| % Gain to Breakeven | 62.2% | 18.2% |
| Time to Breakeven | 154 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -82.7% | -53.4% |
| % Gain to Breakeven | 478.7% | 114.4% |
| Time to Breakeven | 5429 days | 1085 days |
In The Past
Abercrombie & Fitch's stock fell -36.3% during the 2025 US Tariff Shock. Such a loss loss requires a 57.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Abercrombie & Fitch (ANF)
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Abercrombie & Fitch Co. (ANF) is a global specialty retailer primarily focused on apparel, personal care products, and accessories. The company operates through two main segments, Hollister and Abercrombie, which encompass a portfolio of distinct brands. It manages an extensive international retail presence with stores across North America, Europe, Asia, and the Middle East, complemented by significant e-commerce operations.
The core business involves designing, sourcing, and marketing a diverse range of clothing and related products for men, women, and children. Key brands include Hollister, Abercrombie & Fitch, abercrombie kids, Gilly Hicks, and Social Tourist. These brands cater to specific fashion tastes and demographics, offering casual wear, intimates, and other lifestyle items, distributed through company-owned stores, its online platforms, and various third-party wholesale, franchise, and licensing arrangements.
ANF's primary customer base consists of children, teens, and young adults seeking contemporary and casual fashion. The company serves these customers across a broad international market, leveraging its multi-channel distribution strategy to reach consumers globally and maintain its brand presence in the competitive retail landscape.
```AI Analysis | Feedback
1. Like Gap Inc., but focused on trendy casual apparel for teens and young adults.
2. Similar to American Eagle Outfitters, operating multiple brands for young, fashion-conscious consumers.
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- Apparel: Clothing items offered for men, women, and children under various brands.
- Personal care products: Items such as fragrances and body care products.
- Accessories: Supplemental fashion items that complement apparel.
AI Analysis | Feedback
Abercrombie & Fitch (ANF) primarily sells its products directly to individual consumers through its retail stores and e-commerce platforms. Based on its brand portfolio and product offerings, the company serves the following categories of customers:
- Teenagers and Young Adults: This category represents a significant portion of customers for brands like Abercrombie & Fitch, Hollister, and Social Tourist, which offer casual apparel and accessories tailored to current trends and lifestyles for this demographic.
- Children: The "abercrombie kids" brand specifically targets younger customers, offering a range of clothing and accessories for children.
- Consumers seeking intimates and loungewear: The Gilly Hicks brand focuses on intimates, loungewear, and sleepwear, primarily appealing to women and young women looking for comfortable and stylish options in these categories.
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Fran Horowitz, Chief Executive Officer
Fran Horowitz has served as Chief Executive Officer and a director on the Board of Abercrombie & Fitch Co. since February 2017. Her previous roles at the company include President and Chief Merchandising Officer for all brands (December 2015 to February 2017), a member of the Office of the Chairman (December 2014 to February 2017), and Brand President of Hollister (October 2014 to December 2015).
Robert Ball, Executive Vice President, Chief Financial Officer
Robert Ball was appointed Chief Financial Officer of Abercrombie & Fitch Co., effective November 20, 2024. Before this promotion, he was the Senior Vice President of Corporate Finance, Investor Relations, and Treasury. Ball has nearly 22 years of experience with Abercrombie & Fitch Co., having held various finance leadership positions including CFO of the Abercrombie & Fitch and abercrombie kids brands. He began his career as a financial advisor at Merrill Lynch.
Scott Lipesky, Executive Vice President, Chief Operating Officer
Scott Lipesky was promoted to Executive Vice President, Chief Operating Officer in May 2023. Prior to this, he served as the company's Chief Financial Officer from 2017 to 2023. Lipesky has been recognized for his instrumental role in evolving A&F Co.'s finance and strategy functions.
Samir Desai, Executive Vice President, Chief Digital and Technology Officer
Samir Desai has held the position of Executive Vice President, Chief Digital and Technology Officer at Abercrombie & Fitch Co. since July 2021, a newly created role. He is responsible for leading the company's digital transformation strategy, including optimizing user experience, leveraging consumer data and analytics, and enhancing digital experiences across all brands. Before joining Abercrombie & Fitch Co., Mr. Desai was the Chief Technology Officer at Equinox, where he developed and executed the company's data strategy, launched a direct-to-consumer digital media business, and created omnichannel customer experiences. His career started as director of information technology at Intertex Apparel Group.
Greg Henchel, Executive Vice President, General Counsel and Corporate Secretary
Greg Henchel has been Executive Vice President, General Counsel and Corporate Secretary of Abercrombie & Fitch Co. since October 2018, and Executive Vice President since October 2021. He joined A&F from HSN, Inc., where he served as Chief Legal Officer for the multi-channel retailer. Before his tenure at HSN, Henchel was General Counsel at Tween Brands, Inc. Earlier in his career, he served as Assistant General Counsel at Cardinal Health, Inc. and began as a litigation associate at Jones Day.
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Abercrombie & Fitch (ANF) faces several key risks inherent to the retail apparel industry and its global operations. The most significant risks include:
Key Risks to Abercrombie & Fitch (ANF)
- Macroeconomic Uncertainty and Impact on Consumer Spending: Abercrombie & Fitch's performance is highly dependent on consumer discretionary spending. Fluctuations in global economic conditions, such as inflation, unemployment rates, interest rates, and overall consumer confidence, can directly affect consumer purchasing habits and reduce demand for apparel and accessories. This macroeconomic uncertainty poses a significant threat to the company's sales and profitability.
- Supply Chain Disruptions and Geopolitical Risks: The company relies heavily on foreign manufacturers for its merchandise, exposing it to risks associated with international trade. Potential disruptions in the global supply chain, including trade restrictions, tariffs, increased freight costs, and geopolitical conflicts (such as the uncertainty from ongoing hostilities in Ukraine), can lead to delays in merchandise deliveries, higher operational costs, and impact overall operational efficiency and financial performance.
- Intense Competition and Rapidly Changing Fashion Trends: The apparel retail industry is highly competitive and characterized by constantly evolving fashion trends and consumer preferences. Abercrombie & Fitch must continually anticipate and respond to these changes to maintain customer engagement and demand for its brands. Failure to adapt quickly to new trends or intense promotional activity from competitors can lead to reduced sales, pressure on pricing, inventory obsolescence, and erosion of market share and profitability.
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The proliferation and growing market share of ultra-fast fashion retailers (e.g., Shein, Temu) leveraging highly agile supply chains, data-driven design, and aggressive pricing strategies represent a clear emerging threat. These companies directly target the young, fashion-conscious demographic that Abercrombie & Fitch's brands, particularly Hollister and Abercrombie, traditionally serve. Their business model fundamentally challenges the speed, cost structure, and go-to-market strategy of traditional apparel retailers, potentially eroding market share and pricing power for established players.
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Abercrombie & Fitch (ANF) operates in the apparel, personal care products, and accessories markets.
Addressable Markets:
Apparel
- The global apparel market was valued at approximately $1.84 trillion in 2025.
- In the U.S., the apparel market size was estimated at $365.70 billion in 2025.
- The Asia Pacific region dominated the global apparel industry with a revenue share of 40.8% in 2025.
- Europe's apparel market accounted for 26.55% of the global revenue in 2025.
- The North American apparel market held a share of 22.5% in 2025.
- The Middle East & Africa apparel market is expected to reach $96.23 billion in 2025.
Personal Care Products
- The global beauty and personal care products market was valued at $552.0 billion in 2025.
- The U.S. beauty and personal care products market size was estimated at $109.56 billion in 2025.
- Asia-Pacific dominated the global beauty and personal care products market, holding over 37.2% of the market share in 2025.
Accessories
- The global fashion accessories market size was valued at $1,143.52 billion in 2025.
- The U.S. fashion accessories market generated a revenue of $222.07 billion in 2024.
- The Asia Pacific region dominated the global fashion accessories market with a valuation of $436.18 billion in 2025.
- North America accounts for more than 35% of global fashion accessories consumption.
- Europe holds the second-largest share of the global fashion accessories market.
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Abercrombie & Fitch (ANF) is expected to drive future revenue growth over the next 2-3 years through several key strategic initiatives:
* International Market Expansion and Store Optimization: Abercrombie & Fitch is actively pursuing growth in international markets, specifically targeting the U.K., Germany, and the Asia-Pacific (APAC) regions. This includes opening new stores, remodeling, and right-sizing existing ones to enhance the customer experience and optimize its store footprint. The company added a net of 40 stores in fiscal year 2025.
* Brand and Product Portfolio Expansion: The company plans to maximize opportunities for each of its brands, including Gilly Hicks, and to diversify its product pipeline. A key initiative involves a partnership with Haddad Brands for Abercrombie Kids to introduce infant and toddler categories by Fall/Back to School 2025. Hollister brands have also shown strong net sales growth.
* Digital Transformation and E-commerce Acceleration: Abercrombie & Fitch is committed to accelerating its enterprise-wide digital revolution by investing in customer analytics and omni-channel growth. Digital sales comprised 44% of total sales in fiscal 2025. The company is also investing in AI to drive speed and efficiency within its digital operations.
* Enhanced Customer Engagement and Marketing: The company focuses on "Knowing Their Customer Better and Wowing Them Everywhere" through increased global marketing investments and leveraging influencer marketing to build community and brand affinity. This approach is aimed at attracting and retaining customers across its digitally-native customer base.
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Share Repurchases
- Abercrombie & Fitch repurchased $450 million in shares in fiscal 2025, which represented an approximate 11% reduction in shares outstanding at the beginning of the year.
- The company has a $1.3 billion share repurchase program, with $1.1 billion remaining authorized as of Q1 2025.
- Abercrombie & Fitch plans to repurchase approximately $450 million in shares in fiscal 2026, with at least $100 million projected for the upcoming fiscal period.
Capital Expenditures
- Capital expenditures for fiscal 2026 are expected to be in the range of $200 million to $225 million.
- Net cash used for investing activities, primarily reflecting capital expenditures, was $151 million in fiscal 2025. Capital expenditures for the period ending January 31, 2026, amounted to $236.1 million.
- The primary focus of capital expenditures includes continued international and channel expansion, investments in marketing, stores, people, digital capabilities, and opening new stores.
Peer Outperformance in Apparel Retail
ANF has outperformed 96% of its 24 Apparel Retail peers over 5Y. Apparel Retail ranks 18th of 23 industries in Consumer Discretionary by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Apparel Retail constituents that ANF has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
52%
of 27 industry peers · 8.0% return
3Y
93%
of 27 industry peers · 139.3% return
5Y
96%
of 24 industry peers · 176.0% return
No Apparel Retail peer with a comparable growth profile has beaten ANF by more than 20pp over 5Y.
Median price return by industry across the Consumer Discretionary sector, ranked by 5Y. Apparel Retail is ANF's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Education Services | 14 | -9.5% | 105.8% | 73.4% | LINC 348% · CVSA 280% · UTI 274% |
| Homebuilding | 18 | -3.5% | 30.2% | 54.4% | GRBK 185% · TOL 160% · PHM 156% |
| Hotels, Resorts & Cruise Lines | 22 | 21.3% | 56.1% | 22.8% | RCL 303% · MAR 186% · HLT 179% |
| Home Improvement Retail | 5 | -12.3% | 3.3% | 11.5% | HD 18% · LOW 17% · HVT 12% |
| Automotive Retail | 18 | -10.0% | -0.6% | 10.2% | MUSA 279% · PAG 188% · ORLY 126% |
| Specialty Stores | 7 | 2.4% | 22.8% | 8.8% | DKS 113% · ASO 39% · SIG 36% |
| Casinos & Gaming | 20 | -6.4% | -26.2% | 0.5% | BRAG 970% · MCRI 119% · RSI 110% |
| Home Furnishings | 4 | 4.0% | 39.0% | -0.6% | SGI 58% · LZB 31% · MHK -33% |
| Specialized Consumer Services | 10 | -14.0% | 17.3% | -3.1% | HRB 138% · FTDR 101% · SCI 40% |
| Footwear | 9 | 69.4% | 44.3% | -7.6% | WEYS 161% · SHOO 32% · DECK 26% |
| Distributors | 4 | -8.1% | -25.0% | -9.7% | ARMK 171% · GPC 24% · LKQ -44% |
| Restaurants | 34 | -6.3% | -8.4% | -12.7% | EAT 365% · CAKE 189% · RAVE 161% |
| Leisure Products | 13 | -1.3% | -22.0% | -30.8% | GOLF 90% · HAS 19% · MCFT 5% |
| Automotive Parts & Equipment | 38 | -4.5% | -5.6% | -34.1% | MOD 1470% · GTX 316% · STRT 102% |
| Household Appliances | 17 | 14.9% | 40.9% | -36.8% | KEQU 163% · FLXS 146% · HBB 129% |
| Apparel, Accessories & Luxury Goods | 27 | 5.9% | -3.8% | -37.2% | TPR 275% · ELA 268% · RL 264% |
| Leisure Facilities | 12 | -11.4% | -7.9% | -40.1% | OSW 186% · JAKK 126% · ESCA 9% |
| Apparel Retail ← | 25 | 4.8% | 3.8% | -40.7% | DXLG 192% · ANF 176% · TJX 120% |
| Broadline Retail | 15 | 5.3% | 9.9% | -50.9% | DDS 289% · AMZN 63% · EBAY 53% |
| Computer & Electronics Retail | 3 | -13.4% | -2.2% | -53.0% | BBY 0% · GME -53% · UPBD -58% |
| Automobile Manufacturers | 8 | -68.5% | -67.3% | -69.2% | GM 78% · TSLA 50% · F 50% |
| Consumer Electronics | 11 | -19.9% | -26.7% | -73.0% | AXIL 2354% · GRMN 98% · TBCH -54% |
| Other Specialty Retail | 18 | -29.4% | -44.2% | -78.5% | BBW 215% · TLF 105% · WINA 97% |
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.
Latest Trefis Analyses
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 91.06 |
| Mkt Cap | 5.6 |
| Rev LTM | 7,336 |
| Op Inc LTM | 658 |
| FCF LTM | 483 |
| FCF 3Y Avg | 554 |
| CFO LTM | 686 |
| CFO 3Y Avg | 741 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 6.2% |
| Rev Chg 3Y Avg | 9.1% |
| Rev Chg Q | 7.0% |
| QoQ Delta Rev Chg LTM | 1.4% |
| Op Inc Chg LTM | 6.7% |
| Op Inc Chg 3Y Avg | 21.2% |
| Op Mgn LTM | 11.4% |
| Op Mgn 3Y Avg | 11.1% |
| QoQ Delta Op Mgn LTM | -0.2% |
| CFO/Rev LTM | 10.7% |
| CFO/Rev 3Y Avg | 11.5% |
| FCF/Rev LTM | 7.0% |
| FCF/Rev 3Y Avg | 8.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 5.6 |
| P/S | 1.0 |
| P/Op Inc | 6.7 |
| P/EBIT | 6.6 |
| P/E | 11.8 |
| P/CFO | 7.0 |
| Total Yield | 8.9% |
| Dividend Yield | 0.1% |
| FCF Yield 3Y Avg | 7.7% |
| D/E | 0.2 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 1.5% |
| 3M Rtn | 7.8% |
| 6M Rtn | 3.4% |
| 12M Rtn | 5.7% |
| 3Y Rtn | 60.6% |
| 1M Excs Rtn | -2.1% |
| 3M Excs Rtn | 5.1% |
| 6M Excs Rtn | -9.0% |
| 12M Excs Rtn | -12.9% |
| 3Y Excs Rtn | -13.1% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Single Segment | 5,266 | 4,949 | 4,281 | 3,698 | 3,713 |
| Total | 5,266 | 4,949 | 4,281 | 3,698 | 3,713 |
| $ Mil | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|
| Direct-to-Consumer Operations | 270 | 295 | 269 | 254 |
| U.S. Stores | 261 | 195 | 432 | 390 |
| International Stores | 204 | 249 | 351 | 261 |
| Other | -622 | -658 | -678 | -716 |
| Total | 114 | 81 | 374 | 190 |
| $ Mil | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|
| Other | 1,390 | 1,509 | 1,497 | 1,636 |
| International Stores | 616 | 805 | 840 | 660 |
| U.S. Stores | 349 | 414 | 587 | 681 |
| Direct-to-Consumer Operations | 150 | 122 | 63 | 71 |
| Total | 2,505 | 2,851 | 2,987 | 3,048 |
Price Behavior
Price Behavior
| Market Price | $103.38 | |
| Market Cap ($ Bil) | 4.6 | |
| First Trading Date | 09/26/1996 | |
| Distance from 52W High | -20.4% | |
| 50 Days | 200 Days | |
| DMA Price | $95.84 | $93.18 |
| DMA Trend | up | up |
| Distance from DMA | 7.9% | 10.9% |
| 3M | 1YR | |
| Volatility | 53.3% | 62.5% |
| Downside Capture | -12.01 | 88.90 |
| Upside Capture | 149.82 | 78.79 |
| Correlation (SPY) | 27.1% | 23.1% |
ANF Betas & Captures as of 7/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.85 | 0.95 | 0.84 | 0.87 | 1.20 | 1.32 |
| Up Beta | -5.16 | -1.65 | -0.42 | 0.34 | 1.45 | 1.49 |
| Down Beta | 3.06 | 2.30 | 2.58 | 1.84 | 1.49 | 1.45 |
| Up Capture | 279% | 232% | 88% | 72% | 79% | 185% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 11 | 23 | 33 | 66 | 126 | 386 |
| Down Capture | 109% | 40% | 27% | 80% | 103% | 102% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 11 | 20 | 30 | 60 | 126 | 366 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ANF | |
|---|---|---|---|---|
| ANF | 10.2% | 62.4% | 0.38 | - |
| Sector ETF (XLY) | 2.2% | 19.4% | -0.01 | 35.0% |
| Equity (SPY) | 20.4% | 12.8% | 1.17 | 23.2% |
| Gold (GLD) | 29.8% | 28.5% | 0.91 | -7.1% |
| Commodities (DBC) | 40.2% | 20.2% | 1.56 | -24.6% |
| Real Estate (VNQ) | 13.1% | 13.9% | 0.65 | 17.6% |
| Bitcoin (BTCUSD) | -45.4% | 42.7% | -1.30 | 5.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ANF | |
|---|---|---|---|---|
| ANF | 21.7% | 61.1% | 0.56 | - |
| Sector ETF (XLY) | 5.9% | 24.0% | 0.21 | 42.4% |
| Equity (SPY) | 13.1% | 17.2% | 0.59 | 37.9% |
| Gold (GLD) | 19.8% | 18.6% | 0.87 | -2.2% |
| Commodities (DBC) | 9.8% | 19.6% | 0.39 | 0.3% |
| Real Estate (VNQ) | 2.4% | 18.9% | 0.02 | 22.5% |
| Bitcoin (BTCUSD) | 7.1% | 52.6% | 0.32 | 14.3% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ANF | |
|---|---|---|---|---|
| ANF | 19.4% | 61.1% | 0.55 | - |
| Sector ETF (XLY) | 12.2% | 22.2% | 0.50 | 42.4% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 38.1% |
| Gold (GLD) | 12.1% | 16.2% | 0.61 | -5.1% |
| Commodities (DBC) | 7.8% | 18.1% | 0.35 | 9.8% |
| Real Estate (VNQ) | 4.8% | 20.7% | 0.20 | 29.5% |
| Bitcoin (BTCUSD) | 59.9% | 66.0% | 1.00 | 9.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/30/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/27/2026 | 8.9% | 2.2% | 19.5% |
| 3/4/2026 | -3.6% | -12.5% | -5.0% |
| 11/26/2025 | 7.1% | -0.3% | 32.3% |
| 8/28/2025 | -3.1% | -1.2% | -12.2% |
| 5/29/2025 | -5.5% | -4.2% | -0.2% |
| 3/6/2025 | 2.9% | -9.2% | -12.3% |
| 11/27/2024 | 0.8% | 0.9% | 4.1% |
| 8/29/2024 | 3.8% | -7.9% | -1.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 8 | 12 |
| # Negative | 14 | 16 | 12 |
| Median Positive | 3.3% | 5.4% | 11.0% |
| Median Negative | -2.9% | -7.0% | -6.9% |
| Max Positive | 8.9% | 18.7% | 32.3% |
| Max Negative | -9.5% | -12.5% | -15.1% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/27/2026 | 8.9% | 2.2% | 19.5% |
| 3/4/2026 | -3.6% | -12.5% | -5.0% |
| 11/26/2025 | 7.1% | -0.3% | 32.3% |
| 8/28/2025 | -3.1% | -1.2% | -12.2% |
| 5/29/2025 | -5.5% | -4.2% | -0.2% |
| 3/6/2025 | 2.9% | -9.2% | -12.3% |
| 11/27/2024 | 0.8% | 0.9% | 4.1% |
| 8/29/2024 | 3.8% | -7.9% | -1.6% |
| 5/30/2024 | -3.1% | -1.5% | 3.4% |
| 3/7/2024 | -7.2% | -1.9% | -6.5% |
| 11/22/2023 | 0.7% | 4.2% | 27.2% |
| 8/24/2023 | -0.6% | 6.5% | 2.6% |
| 5/25/2023 | 4.9% | 11.3% | 31.2% |
| 3/2/2023 | 0.6% | -4.6% | -2.1% |
| 11/23/2022 | -0.9% | -0.4% | -7.2% |
| 8/29/2022 | -1.8% | 1.6% | 8.5% |
| 5/25/2022 | -1.7% | -8.2% | -15.1% |
| 3/3/2022 | -9.5% | -8.4% | -0.6% |
| 11/24/2021 | -3.1% | -10.0% | -11.6% |
| 8/27/2021 | -2.0% | -6.7% | 8.5% |
| 5/27/2021 | -2.7% | -10.0% | 3.4% |
| 3/3/2021 | 1.8% | 18.7% | 26.4% |
| 11/25/2020 | -1.0% | -7.4% | -10.6% |
| 8/28/2020 | 5.7% | 10.5% | 13.4% |
| SUMMARY STATS | |||
| # Positive | 10 | 8 | 12 |
| # Negative | 14 | 16 | 12 |
| Median Positive | 3.3% | 5.4% | 11.0% |
| Median Negative | -2.9% | -7.0% | -6.9% |
| Max Positive | 8.9% | 18.7% | 32.3% |
| Max Negative | -9.5% | -12.5% | -15.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 04/30/2026 | 06/05/2026 | 10-Q |
| 01/31/2026 | 03/26/2026 | 10-K |
| 10/31/2025 | 12/05/2025 | 10-Q |
| 07/31/2025 | 09/05/2025 | 10-Q |
| 04/30/2025 | 06/06/2025 | 10-Q |
| 01/31/2025 | 03/31/2025 | 10-K |
| 10/31/2024 | 12/06/2024 | 10-Q |
| 07/31/2024 | 09/06/2024 | 10-Q |
| 04/30/2024 | 06/07/2024 | 10-Q |
| 01/31/2024 | 04/01/2024 | 10-K |
| 10/31/2023 | 12/04/2023 | 10-Q |
| 07/31/2023 | 09/01/2023 | 10-Q |
| 04/30/2023 | 06/06/2023 | 10-Q |
| 01/31/2023 | 03/27/2023 | 10-K |
| 10/31/2022 | 12/06/2022 | 10-Q |
| 07/31/2022 | 09/07/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 04/30/2026 | 06/05/2026 | 10-Q |
| 01/31/2026 | 03/26/2026 | 10-K |
| 10/31/2025 | 12/05/2025 | 10-Q |
| 07/31/2025 | 09/05/2025 | 10-Q |
| 04/30/2025 | 06/06/2025 | 10-Q |
| 01/31/2025 | 03/31/2025 | 10-K |
| 10/31/2024 | 12/06/2024 | 10-Q |
| 07/31/2024 | 09/06/2024 | 10-Q |
| 04/30/2024 | 06/07/2024 | 10-Q |
| 01/31/2024 | 04/01/2024 | 10-K |
| 10/31/2023 | 12/04/2023 | 10-Q |
| 07/31/2023 | 09/01/2023 | 10-Q |
| 04/30/2023 | 06/06/2023 | 10-Q |
| 01/31/2023 | 03/27/2023 | 10-K |
| 10/31/2022 | 12/06/2022 | 10-Q |
| 07/31/2022 | 09/07/2022 | 10-Q |
| 04/30/2022 | 06/08/2022 | 10-Q |
| 01/31/2022 | 03/28/2022 | 10-K |
| 10/31/2021 | 12/06/2021 | 10-Q |
| 07/31/2021 | 09/08/2021 | 10-Q |
| 04/30/2021 | 06/09/2021 | 10-Q |
| 01/31/2021 | 03/29/2021 | 10-K |
| 10/31/2020 | 12/07/2020 | 10-Q |
| 07/31/2020 | 09/08/2020 | 10-Q |
| 04/30/2020 | 06/10/2020 | 10-Q |
| 01/31/2020 | 03/31/2020 | 10-K |
| 10/31/2019 | 12/11/2019 | 10-Q |
| 07/31/2019 | 09/11/2019 | 10-Q |
Recent Forward Guidance
Updated 7/27/2026Latest: Q1 2026 Earnings Reported 5/27/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Net sales growth | 2.0% | 3.0% | 4.0% | 50.0% | 1.0% | Higher New | Guidance: 2.0% for Q1 2026 |
| Q2 2026 Operating margin | 10.0% | 42.9% | 3.0% | Higher New | Guidance: 7.0% for Q1 2026 | ||
| Q2 2026 Net income per diluted share | 1.8 | 1.9 | 2 | 52.0% | Higher New | Guidance: 1.25 for Q1 2026 | |
| Q2 2026 Share repurchases | 150.00 Mil | 50.0% | Higher New | Guidance: 100.00 Mil for Q1 2026 | |||
| 2026 Net sales growth | 3.0% | 4.0% | 5.0% | 0.0% | 0.0% | Affirmed | Guidance: 4.0% for 2026 |
| 2026 Operating margin | 12.0% | 12.25% | 12.5% | 0.0% | 0.0% | Affirmed | Guidance: 12.25% for 2026 |
| 2026 Net income per diluted share | 10.2 | 10.6 | 11 | 0.0% | Affirmed | Guidance: 10.6 for 2026 | |
| 2026 Share repurchases | 450.00 Mil | 0.0% | Affirmed | Guidance: 450.00 Mil for 2026 | |||
| 2026 Capital expenditures | 225.00 Mil | 5.9% | Raised | Guidance: 212.50 Mil for 2026 | |||
Prior: Q4 2025 Earnings Reported 3/4/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Net sales growth | 1.0% | 2.0% | 3.0% | -3.0% | Lower New | Actual: 5.0% for Q4 2025 | |
| Q1 2026 Operating margin | 7.0% | -7.0% | Lower New | Actual: 14.0% for Q4 2025 | |||
| Q1 2026 Net income per diluted share | 1.2 | 1.25 | 1.3 | -64.8% | Lower New | Actual: 3.55 for Q4 2025 | |
| Q1 2026 Share repurchases | 100.00 Mil | ||||||
| 2026 Net sales growth | 3.0% | 4.0% | 5.0% | -2.5% | Lower New | Actual: 6.5% for 2025 | |
| 2026 Operating margin | 12.0% | 12.25% | 12.5% | -1.0% | Lower New | Actual: 13.25% for 2025 | |
| 2026 Net income per diluted share | 10.2 | 10.6 | 11 | 2.4% | Higher New | Actual: 10.3 for 2025 | |
| 2026 Share repurchases | 450.00 Mil | 0 | Same New | Actual: 450.00 Mil for 2025 | |||
| 2026 Capital expenditures | 200.00 Mil | 212.50 Mil | 225.00 Mil | -5.6% | Lower New | Actual: 225.00 Mil for 2025 | |
Q3 2025 Earnings Reported 11/26/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2025 Net sales growth | 4.0% | 5.0% | 6.0% | -16.7% | -1.0% | Lower New | Guidance: 6.0% for Q3 2025 |
| Q4 2025 Operating margin | 14.0% | 2.5% | Higher New | Guidance: 11.5% for Q3 2025 | |||
| Q4 2025 Net income per diluted share | 3.4 | 3.55 | 3.7 | 65.1% | Higher New | Guidance: 2.15 for Q3 2025 | |
| 2025 Net sales growth | 6.0% | 6.5% | 7.0% | 0.5% | Raised | Guidance: 6.0% for 2025 | |
| 2025 Operating margin | 13.0% | 13.25% | 13.5% | 0.0% | Affirmed | Guidance: 13.25% for 2025 | |
| 2025 Net income per diluted share | 10.2 | 10.3 | 10.5 | 1.0% | Raised | Guidance: 10.2 for 2025 | |
| 2025 Share repurchases | 450.00 Mil | 12.5% | Raised | Guidance: 400.00 Mil for 2025 | |||
| 2025 Capital expenditures | 225.00 Mil | 0.0% | Affirmed | Guidance: 225.00 Mil for 2025 | |||
Insider Activity
Updated 8/11/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Lipesky, Scott D | EVP and COO | Direct | Sell | 8112026 | 115.00 | 10,000 | 1,150,000 | 17,541,410 | Form |
| 2 | Lipesky, Scott D | EVP and COO | Direct | Sell | 8062026 | 110.00 | 10,000 | 1,100,000 | 17,878,740 | Form |
| 3 | Lipesky, Scott D | EVP and COO | Direct | Sell | 7292026 | 105.00 | 10,000 | 1,050,000 | 18,116,070 | Form |
| 4 | Lipesky, Scott D | EVP and COO | Direct | Sell | 7202026 | 100.00 | 10,000 | 1,000,000 | 18,253,400 | Form |
| 5 | Horowitz, Fran | Chief Executive Officer | Direct | Sell | 2092026 | 100.00 | 29,769 | 2,976,900 | 30,850,300 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Lipesky, Scott D | EVP and COO | Direct | Sell | 8112026 | 115.00 | 10,000 | 1,150,000 | 17,541,410 | Form |
| 2 | Lipesky, Scott D | EVP and COO | Direct | Sell | 8062026 | 110.00 | 10,000 | 1,100,000 | 17,878,740 | Form |
| 3 | Lipesky, Scott D | EVP and COO | Direct | Sell | 7292026 | 105.00 | 10,000 | 1,050,000 | 18,116,070 | Form |
| 4 | Lipesky, Scott D | EVP and COO | Direct | Sell | 7202026 | 100.00 | 10,000 | 1,000,000 | 18,253,400 | Form |
| 5 | Horowitz, Fran | Chief Executive Officer | Direct | Sell | 2092026 | 100.00 | 29,769 | 2,976,900 | 30,850,300 | Form |
| 6 | Horowitz, Fran | Chief Executive Officer | Direct | Sell | 2062026 | 102.00 | 17,031 | 1,737,200 | 34,504,499 | Form |
| 7 | Horowitz, Fran | Chief Executive Officer | Direct | Sell | 2062026 | 103.66 | 50,000 | 5,182,968 | 36,830,481 | Form |
| 8 | Horowitz, Fran | Chief Executive Officer | Direct | Sell | 2042026 | 101.34 | 50,000 | 5,066,958 | 41,073,066 | Form |
| 9 | Horowitz, Fran | Chief Executive Officer | Direct | Sell | 2042026 | 101.12 | 50,000 | 5,055,808 | 46,038,491 | Form |
| 10 | Horowitz, Fran | Chief Executive Officer | Direct | Sell | 1262026 | 95.40 | 100,000 | 9,539,584 | 48,203,803 | Form |
| 11 | Horowitz, Fran | Chief Executive Officer | Direct | Sell | 1262026 | 98.53 | 103,200 | 10,168,763 | 59,643,243 | Form |
| 12 | Robinson, Kenneth B | Direct | Sell | 9082025 | 94.60 | 1,392 | 131,683 | 556,248 | Form | |
| 13 | Rust, Jay | EVP Human Resources | Direct | Sell | 9032025 | 93.15 | 1,500 | 139,725 | 619,261 | Form |
| 14 | Goldman, James A | Direct | Sell | 9032025 | 96.18 | 5,072 | 487,825 | 727,602 | Form | |
| 15 | Anderson, Kerrii B | Direct | Sell | 9032025 | 95.12 | 4,292 | 408,234 | 3,534,291 | Form |
Investor Activity (13F)
Updated Aug 19, 202613F holdings as of Mar 31, 2026 (Q1 2026)
Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
Industry Resources
| Consumer Discretionary Resources |
| Retail Dive |
| Business of Fashion (BoF) |
| WWD (Women's Wear Daily) |
| National Retail Federation (NRF) |
| McKinsey & Company - Consumer |
| Mintel Consumer Trends |
| Apparel Retail Resources |
| Apparel News |
| Just Style |
| Sourcing Journal |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 8/18/2026