Tearsheet

Abercrombie & Fitch (ANF)

Market Price (12/4/2025): $99.55 | Market Cap: $4.7 Bil
Sector: Consumer Discretionary | Industry: Apparel Retail

Abercrombie & Fitch (ANF)

Market Price (12/4/2025): $99.55
Market Cap: $4.7 Bil
Sector: Consumer Discretionary
Industry: Apparel Retail

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 14%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 9.5%, FCF Yield is 8.8%	Weak multi-year price returns 2Y Excs Rtn is -24%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%	Meaningful short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12%
2	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -49%
3	Megatrend and thematic drivers Megatrends include E-commerce & Digital Retail, and Experience Economy & Premiumization. Themes include Direct-to-Consumer Brands, and Experiential Retail.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 14%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 9.5%, FCF Yield is 8.8%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%
2	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -49%
3	Megatrend and thematic drivers Megatrends include E-commerce & Digital Retail, and Experience Economy & Premiumization. Themes include Direct-to-Consumer Brands, and Experiential Retail.
4	Weak multi-year price returns 2Y Excs Rtn is -24%
5	Meaningful short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12%

Valuation, Metrics & Events

	12/4/25	2024	2023	2022
Share Price CYE	$99.55	$149.47	$88.22	$22.91
Market Cap CYE ($ Bil)	4.7	7.6	4.5	1.1
Total Debt ($ Bil)	1.1	1.0	1.0	1.2
Total Cash ($ Bil)	0.6	0.9	0.9	0.5
Enterprise Value ($ Bil)	5.2	8.6	5.5	2.3
Valuation Ratios
P/S TTM	0.8	1.5	1.0	0.3
P/EBIT TTM	5.1	9.7	8.6	11.8
P/E TTM	7.3	13.4	13.5	409.3
Sector Ratios
P/S TTM (Sector)	2.2	2.4	2.6	2.2
P/EBIT TTM (Sector)	8.8	10.8	14.5	34.0
P/E TTM (Sector)	17.7	22.9	45.8	1.5

	12/4/25	2024
Share Price CYE	$99.55	$149.47
Market Cap CYE ($ Bil)	4.7	7.6
Total Debt ($ Bil)	1.1	1.0
Total Cash ($ Bil)	0.6	0.9
Enterprise Value ($ Bil)	5.2	8.6
Valuation Ratios
P/S TTM	0.8	1.5
P/EBIT TTM	5.1	9.7
P/E TTM	7.3	13.4
Sector Ratios
P/S TTM (Sector)	0.8	0.8
P/EBIT TTM (Sector)	7.6	8.0
P/E TTM (Sector)	10.4	11.1

	ANF	S&P 500
REVENUE GROWTH	FAIR
Rev LTM ($ Bil)	5.1
Rev Chg Q	6.6%	7.1%
Rev Chg LTM	9.3%	6.1%
Rev Chg 3Y Avg	11.7%	5.5%
PROFITABILITY	FAIR
Op Inc LTM ($ Bil)	0.7
CFO LTM ($ Bil)	0.6
Net Inc LTM ($ Bil)	0.5
Op Mgn LTM	14.6%	18.8%
CFO/Rev LTM	11.0%	20.5%
Net Inc Mgn	10.6%	13.1%
VALUATION	VERY LOW
P/S	0.8	3.2
P/CFO	7.0	15.8
P/FCF	11.4	20.5
P/E	7.3	23.5
STABILITY	GOOD
Debt/Equity	0.28	0.20
Cash/Assets	0.18	0.07

AI Generated Analysis | Feedback

Metric	Value	Date	Source
Comparable Sales Growth	16%	11262024	Link
Abercrombie Brands Comparable Sales Growth	11%	11262024	Link
Hollister Brands Comparable Sales Growth	21%	11262024	Link
Americas Net Sales Growth	14%	11262024	Link
EMEA Net Sales Growth	15%	11262024	Link
APAC Net Sales Growth	32%	11262024	Link
Total Number of Stores	approximately 770	11282024	Link
Digital Sales Channel Growth	Double-digit comparable sales growth	11262024	Link
Planned New Store Openings (Fiscal 2024)	~20 net store openings	11262024	Link

Recent
11/25/2025	Earnings Release	Rev: $1.0 Bil (A) vs. $1.0 Bil (E) EPS: 2.36 (A) vs. $2.14 (E)
Upcoming
3/04/2026	Earnings Release	Rev: - EPS: -

ANF Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

Here are the key points explaining the positive movement of Abercrombie & Fitch (ANF) stock during the approximate time period from late August 2025 to early December 2025: 1. Record Third Quarter Sales Abercrombie & Fitch delivered record net sales of $1.3 billion in the third quarter of fiscal 2025, representing a 7% increase year-over-year. This marked the company's twelfth consecutive quarter of growth.

2. Strong Performance by Hollister Brand The Hollister brands significantly contributed to the sales growth, achieving a 16% year-on-year increase in net sales during Q3 2025. This strong performance was attributed to a successful back-to-school season and fall seasonal transitions.

Stock Movement Drivers

Fundamental Drivers

The 2.4% change in ANF stock from 9/4/2025 to 12/4/2025 was primarily driven by a 3.4% change in the company's Shares Outstanding (Mil).

	9042025	12042025	Change
Stock Price ($)	93.48	95.70	2.37%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	5025.17	5099.75	1.48%
Net Income Margin (%)	10.60%	10.61%	0.06%
P/E Multiple	8.63	8.41	-2.59%
Shares Outstanding (Mil)	49.21	47.55	3.38%
Cumulative Contribution			2.26%

LTM = Last Twelve Months as of date shown

Market Drivers

9/4/2025 to 12/4/2025

	Return	Correlation
ANF	2.3%
Market (SPY)	5.4%	21.2%
Sector (XLY)	-49.4%	14.5%

Fundamental Drivers

The 20.3% change in ANF stock from 6/5/2025 to 12/4/2025 was primarily driven by a 19.2% change in the company's P/E Multiple.

	6052025	12042025	Change
Stock Price ($)	79.52	95.70	20.35%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	4948.59	5099.75	3.05%
Net Income Margin (%)	11.44%	10.61%	-7.29%
P/E Multiple	7.06	8.41	19.15%
Shares Outstanding (Mil)	50.27	47.55	5.40%
Cumulative Contribution			20.00%

LTM = Last Twelve Months as of date shown

Market Drivers

6/5/2025 to 12/4/2025

	Return	Correlation
ANF	20.3%
Market (SPY)	15.7%	30.4%
Sector (XLY)	-43.0%	16.6%

Fundamental Drivers

The -40.8% change in ANF stock from 12/4/2024 to 12/4/2025 was primarily driven by a -49.0% change in the company's P/E Multiple.

	12042024	12042025	Change
Stock Price ($)	161.52	95.70	-40.75%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	4664.04	5099.75	9.34%
Net Income Margin (%)	10.76%	10.61%	-1.37%
P/E Multiple	16.50	8.41	-49.02%
Shares Outstanding (Mil)	51.25	47.55	7.21%
Cumulative Contribution			-41.06%

LTM = Last Twelve Months as of date shown

Market Drivers

12/4/2024 to 12/4/2025

	Return	Correlation
ANF	-40.8%
Market (SPY)	13.7%	38.2%
Sector (XLY)	-47.0%	23.2%

Fundamental Drivers

The 318.5% change in ANF stock from 12/5/2022 to 12/4/2025 was primarily driven by a 392.0% change in the company's Net Income Margin (%).

	12052022	12042025	Change
Stock Price ($)	22.87	95.70	318.45%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	3684.37	5099.75	38.42%
Net Income Margin (%)	2.16%	10.61%	392.01%
P/E Multiple	14.52	8.41	-42.08%
Shares Outstanding (Mil)	50.44	47.55	5.73%
Cumulative Contribution			317.08%

LTM = Last Twelve Months as of date shown

Market Drivers

12/5/2023 to 12/4/2025

	Return	Correlation
ANF	23.1%
Market (SPY)	53.3%	36.7%
Sector (XLY)	-29.2%	23.4%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
ANF Return	19%	71%	-34%	285%	69%	-36%	461%
Peers Return	10%	12%	-12%	32%	9%	34%	109%
S&P 500 Return	16%	27%	-19%	24%	23%	17%	112%
Monthly Win Rates [3]
ANF Win Rate	50%	67%	50%	83%	50%	30%
Peers Win Rate	58%	53%	38%	63%	52%	60%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
ANF Max Drawdown	-53%	0%	-59%	-5%	0%	-56%
Peers Max Drawdown	-56%	-8%	-40%	-12%	-13%	-26%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: TJX, URBN, AEO, GES, ROST. 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] 2025 data is for the year up to 12/4/2025 (YTD)

How Low Can It Go

Unique Key	Event	ANF	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-69.9%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	232.5%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	357 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-56.8%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	131.6%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	221 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-54.6%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	120.2%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	552 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-83.3%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	497.2%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	5506 days	1480 days

Compare to TJX, URBN, AEO, GES, ROST

In The Past

Abercrombie & Fitch's stock fell -69.9% during the 2022 Inflation Shock from a high on 11/18/2021. A -69.9% loss requires a 232.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Abercrombie & Fitch (ANF)

Abercrombie & Fitch Co., through its subsidiaries, operates as a specialty retailer. The company operates in two segments, Hollister and Abercrombie. It offers an assortment of apparel, personal care products, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, Moose, Seagull, Gilly Hicks, and Social Tourist brands. As of January 29, 2022, it operated approximately 729 retail stores in Europe, Asia, Canada, the Middle East, United States, and internationally. The company sells products through its stores; various third-party wholesale, franchise, and licensing arrangements; and e-commerce platforms. Abercrombie & Fitch Co. was founded in 1892 and is headquartered in New Albany, Ohio.

AI Generated Analysis | Feedback

Here are 1-3 brief analogies to describe Abercrombie & Fitch (ANF):

Like J.Crew, but for a younger, more trend-conscious professional adult.
A more sophisticated and elevated American Eagle, targeting college-aged and young adults.
The Lululemon of stylish, everyday essentials for young adults.

AI Generated Analysis | Feedback

Apparel: A wide range of clothing for men, women, and children, including tops, bottoms, outerwear, dresses, swimwear, and loungewear, sold under their various brands.
Accessories: Complementary items such as bags, belts, hats, footwear, and jewelry designed to pair with their apparel collections.
Fragrances: Signature perfumes and colognes offered for men and women, often associated with their brand identities.

AI Generated Analysis | Feedback

```html

Major Customers of Abercrombie & Fitch (ANF)

Abercrombie & Fitch (ANF) is a retail company that primarily sells its products directly to individual consumers through its various brands:

Abercrombie & Fitch
abercrombie kids
Hollister Co.
Gilly Hicks

Therefore, Abercrombie & Fitch operates primarily on a business-to-consumer (B2C) model. The company serves the following categories of individual customers:

Young Adults (typically 18-24+ years old): This category is primarily served by the flagship Abercrombie & Fitch brand, offering premium, casual, and contemporary apparel, focusing on a slightly older demographic seeking classic and trendy styles.
Teenagers (typically 13-17 years old): This category is predominantly targeted by the Hollister Co. brand, which offers a California-inspired, casual, and affordable fashion line, along with the Gilly Hicks brand, which specializes in intimates, loungewear, and activewear for a similar age group.
Children (typically 5-14 years old): The abercrombie kids brand caters to this younger demographic, providing comfortable and stylish apparel designed specifically for children, often mirroring the aesthetic of the main Abercrombie brand in age-appropriate styles.

```

AI Generated Analysis | Feedback

null

AI Generated Analysis | Feedback

Fran Horowitz, Chief Executive Officer

Fran Horowitz has served as Chief Executive Officer of Abercrombie & Fitch Co. since February 2017. She joined the company in October 2014 as the Hollister Brand President and was promoted to President and Chief Merchandising Officer in December 2015. Prior to her time at Abercrombie & Fitch, Horowitz was Brand President at Ann Taylor Loft. She also held various leadership roles in merchandising at Express, Inc., Bloomingdale's, Bergdorf Goodman, Bonwit Teller, and Saks Fifth Avenue. Horowitz is recognized for leading the transformation of Abercrombie & Fitch, focusing on inclusivity and evolving the brand's image.

Robert Ball, Chief Financial Officer

Robert Ball was promoted to Chief Financial Officer of Abercrombie & Fitch Co., effective November 20, 2024. He joined the company in 2003 and has held several finance leadership positions during his tenure, including Chief Financial Officer of the Abercrombie & Fitch and Abercrombie Kids brands, and roles in financial reporting, financial planning and analysis, and corporate finance. Before joining Abercrombie & Fitch, Ball began his career as a financial advisor at Merrill Lynch.

Scott Lipesky, Executive Vice President, Chief Operating Officer

Scott Lipesky has served as Executive Vice President, Chief Operating Officer of Abercrombie & Fitch Co. since May 2023. He previously held the role of Chief Financial Officer for the company from October 2017 to May 2023. Lipesky originally joined Abercrombie & Fitch in November 2007 and served in various finance positions, including Chief Financial Officer of the Hollister brand from 2014 to 2016. Prior to rejoining Abercrombie & Fitch in 2017, he was Chief Financial Officer of American Signature Inc., a privately-held home furnishings company. His background also includes roles as corporate finance director with FTI Consulting and director of corporate business development with The Goodyear Tire & Rubber Company. He started his career at PricewaterhouseCoopers, where he qualified as a CPA.

Samir Desai, Executive Vice President, Chief Digital and Technology Officer

Samir Desai has been the Chief Digital and Technology Officer and Executive Vice President of Abercrombie & Fitch Co. since 2021. Before joining Abercrombie & Fitch, he held various leadership positions at Equinox Group, including Chief Technology Officer from 2016 to 2021, and other technology roles since 2005. Earlier in his career, he was Director of Information Technology at Intertex Apparel Group.

Carey Collins Krug, Chief Marketing Officer

Carey Collins Krug serves as the Chief Marketing Officer and Senior Vice President & Head of Marketing for Abercrombie brands. She joined Abercrombie & Fitch Co. from David Yurman, where she was Chief Marketing Officer. Krug's previous experience includes working at Ralph Lauren as the Senior Vice President of Global Marketing for the Polo Ralph Lauren brand, and at Donna Karan as the Vice President of Global Marketing.

AI Generated Analysis | Feedback

The emergence and rapid growth of ultra-fast fashion retailers (e.g., Shein, Temu) represent a clear emerging threat. These companies leverage highly optimized, AI-driven supply chains to produce trendy apparel at extremely low prices and deliver it globally with speed. This model directly competes with Abercrombie & Fitch for market share, particularly among its younger, trend-sensitive demographic, by offering an unparalleled combination of novelty, variety, and affordability that traditional retailers struggle to match. The significant market penetration and continuous growth of these platforms clearly demonstrate their disruptive potential to established apparel retailers.

AI Generated Analysis | Feedback

Abercrombie & Fitch (ANF) operates as a specialty retailer offering a diverse range of apparel, accessories, and personal care products for men, women, and children under various brands, including Abercrombie & Fitch, Abercrombie Kids, Hollister, Gilly Hicks, and YPB (activewear). The company primarily targets young adults and teenagers, particularly those aged 25-29 for the Abercrombie & Fitch brand, and 13-22 for its Hollister and Abercrombie Kids brands. Based on their main products and target demographic, the addressable markets are as follows:

Global Apparel Market: The global apparel market is valued at approximately $1.84 trillion in 2025.
U.S. Apparel Market: The U.S. apparel market is projected to be approximately $390.33 billion in 2025.
Global Athleisure Market: The global athleisure market is projected to grow from approximately $425.07 billion in 2025.
U.S. Athleisure Market: The U.S. athleisure market is foreseen to be approximately $118.79 billion in 2025.
Global Kids Apparel Market (including teens): The global kids apparel market is expected to reach approximately $228 billion by 2025.
U.S. Online Fashion Retail Market: The U.S. online fashion retail market is estimated to be valued at approximately $144.97 billion by 2025.

AI Generated Analysis | Feedback

Abercrombie & Fitch (ANF) is expected to drive future revenue growth over the next 2-3 years through several key initiatives:

Continued Brand Transformation and Product Innovation: The company's successful re-positioning of the Abercrombie brand towards an inclusive, millennial-focused aesthetic and ongoing efforts for Hollister are expected to continue attracting and retaining customers. This includes a focus on well-curated product assortments, testing new product concepts, and brand extensions such as the "A&F Wedding Shop" and the global expansion of Abercrombie Kids into department stores.
Accelerated Digital and Omnichannel Growth: Abercrombie & Fitch is significantly investing in its digital capabilities, e-commerce strategies, and omnichannel experiences to meet evolving consumer demands. With a substantial portion of sales already originating from digital channels, particularly for the Abercrombie brand, continued investment in customer analytics, digital marketing, and social commerce platforms like Instagram and TikTok is anticipated to fuel online sales and customer engagement.
Strategic Global Expansion: The company is focused on expanding its presence in international markets. This includes exploring further opportunities in the EMEA (Europe, Middle East, and Africa) region, with a particular focus on Germany, and the APAC (Asia-Pacific) region, especially China. This global expansion strategy involves opening new stores and leveraging localized playbooks.
Physical Store Expansion and Modernization: Abercrombie & Fitch plans to enhance its physical retail footprint by opening approximately 60 new stores and remodeling or "right-sizing" 40 existing locations in 2025, aiming for a net increase in store count. These new and remodeled stores are designed to offer "new experiences" and are considered an essential part of the overall brand experience.
Increased Marketing Investments and Customer Acquisition: To support brand affinity and acquire new customers, Abercrombie & Fitch is increasing its marketing investments year-over-year, particularly in digital and influencer marketing. This strategy aims to leverage key partnerships and campaigns to drive strong traffic across both physical and digital channels.

AI Generated Analysis | Feedback

Share Repurchases

Abercrombie & Fitch announced a new $1.3 billion share repurchase authorization in March 2025, replacing a prior 2021 program, with $1.1 billion remaining under this authorization as of August 2025.
For fiscal year 2025, the company expects to repurchase approximately $400 million worth of shares.
The company repurchased $230 million in shares during fiscal year 2024, contributing to a 3% reduction in shares outstanding.

Capital Expenditures

Expected capital expenditures for fiscal year 2025 are approximately $225 million.
The primary focus for capital expenditures in fiscal year 2025 includes approximately 40 net new store openings, 40 remodels and right-sizes, and investments in modernizing retail ERP systems, omnichannel experiences, and loyalty programs.
Capital expenditures were $183 million in fiscal year 2024, $157 million in fiscal year 2023, and $153 million in fiscal year 2022.

Interactive Breakdown

Abercrombie & Fitch Interactive Breakdown Analysis

Better Bets than Abercrombie & Fitch (ANF)

	ANF	Better Performance than ANF
Metric	Value	INDUSTRY: Apparel Retail
Rev Chg LTM	9.3%	BOOT (17.8%), URBN (9.6%)
Rev Chg 3Y Avg	11.7%
Op Mgn LTM	14.6%	BKE (20.0%)
CFO/Rev LTM	11.0%	BKE (20.3%), ROST (11.5%)
FCF/Rev LTM	6.8%	BKE (16.8%), ROST (7.8%), TJX (7.0%), URBN (6.8%)
Total Yield	13.7%	JILL (18.5%), BKE (17.6%), CAL (16.3%), GES (15.4%), AEO (14.8%)
P/S	0.8	GES (0.2), VSCO (0.2), AEO (0.3), SFIX (0.4), GAP (0.5)
P/Op Inc	5.3	JILL (3.7), CAL (4.0), GES (4.4), VSCO (5.3)

	ANF	Better Performance than ANF
Metric	Value	SECTOR: Consumer Discretionary
Rev Chg LTM	9.3%	MELI (36.9%), DASH (24.5%), BKNG (13.0%), AMZN (10.9%), ABNB (10.2%)
Rev Chg 3Y Avg	11.7%	MELI (39.5%), RCL (37.7%), DASH (27.8%), BKNG (17.8%), ABNB (14.2%)
Op Mgn LTM	14.6%	MCD (46.1%), BKNG (34.5%), ABNB (22.6%), ORLY (19.3%), MAR (16.0%)
CFO/Rev LTM	11.0%	MCD (39.9%), BKNG (33.2%), AMZN (18.1%), TSLA (16.5%), LOW (11.7%)
FCF/Rev LTM	6.8%	BKNG (31.9%), MCD (28.1%), HD (8.6%), TSLA (7.1%), TJX (7.0%)
Total Yield	13.7%	BYD (27.0%), M (21.8%), DDS (15.2%), GHC (14.7%), TNL (14.4%)
P/S	0.8	F (0.3), GM (0.3), MGA (0.3), BBY (0.3), PAG (0.4)
P/Op Inc	5.3	CZR (2.7), M (3.7), CROX (4.6), LAD (5.1), TMHC (5.3)

	ANF	Better Performance than ANF
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	9.3%	NVDA (71.6%), AVGO (28.0%), META (21.3%), MSFT (15.6%), GOOGL (13.4%)
Rev Chg 3Y Avg	11.7%	NVDA (92.0%), AVGO (24.0%), BRK-B (19.8%), META (17.3%), MSFT (13.2%)
Op Mgn LTM	14.6%	NVDA (58.1%), MSFT (46.3%), AVGO (39.0%), GOOGL (32.2%), AAPL (31.9%)
CFO/Rev LTM	11.0%	MSFT (50.0%), NVDA (46.6%), AVGO (42.4%), GOOGL (39.3%), AAPL (26.6%)
FCF/Rev LTM	6.8%	NVDA (43.6%), AVGO (41.6%), MSFT (26.6%), AAPL (23.5%), GOOGL (19.1%)
Total Yield	13.7%	CMCSA (23.8%), VZ (16.8%), TD (16.6%), BNS (14.3%), MO (14.1%)
P/S	0.8	CVS (0.2), MCK (0.2), CI (0.3), ELV (0.4), UNH (0.7)
P/Op Inc	5.3	CHTR (2.8), IBKR (3.6), BCE (4.0), EIX (4.1), CMCSA (5.2)

		Best Bets In Consumer Discretionary Sector
	ANF	ABNB	BKNG	MCD	ETSY	LOPE	ALSN	GRMN	CROX	WH	YUM
What You Pay
P/E	7.3	28.2	34.7	25.7	36.2	28.8	10.2	30.2	19.7	18.1	29.2
P/EBIT	5.1	27.4	20.8	17.7	15.9	19.2	7.5	26.7	17.2	10.6	16.9
What You Get
Rev Chg Q	6.6%	9.7%	12.7%	3.0%	2.4%	9.6%	-15.9%	11.7%	3.4%	-3.5%	8.4%
Rev Chg LTM	9.3%	10.2%	13.0%	1.2%	2.0%	7.0%	-4.2%	16.6%	2.0%	3.4%	11.6%
Rev Chg 3Y Avg	11.7%	14.2%	17.8%	4.2%	4.9%	6.5%	4.6%	12.2%	14.5%	-2.5%	6.4%
FCF/Rev 3Y Avg	8.6%	40.2%	35.6%	27.4%	23.8%	21.8%	21.0%	20.5%	19.8%	19.0%	18.9%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 14%, alpha of 2.9%, and sharpe of 0.61

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	Could Abercrombie & Fitch Stock's Cash Flow Spark the Next Rally?	Actionable
2	ANF: Strong Cash Flow Poised for a Re-Rating?	Actionable
3	ANF: Strong Cash Flow Poised for a Re-Rating?	Actionable
4	ANF Growing and Cash Generating - What's Stopping You?	Actionable
5	Is 25.2% Fall In Abercrombie & Fitch (ANF) Stock A Buying Opportunity?	Actionable
6	Why ANF's Cash Flow Makes It Worth Considering	Actionable
7	Can Abercrombie & Fitch Stock Hold Up When Markets Turn?	Return
8	Is 20.3% Fall In Abercrombie & Fitch (ANF) Stock A Buying Opportunity?	Actionable
9	Is Abercrombie & Fitch Stock Outperforming Its Rivals?	Peer Comparison
10	Better Bet Than ANF Stock: Pay Less Than Abercrombie & Fitch To Get More From CALM, PTCT
11	ARTICLES
12	Abercrombie & Fitch Stock: Strong Cash Flow Poised for a Re-Rating?		November 25th, 2025
13	Why ANF Could Outperform Guess Stock		November 25th, 2025
14	Why URBN, ANF Could Outperform Ross Stores Stock		November 22nd, 2025
15	Better Value & Growth: URBN, ANF Lead American Eagle Outfitters Stock		November 21st, 2025
16	Abercrombie & Fitch Stock: Strong Cash Flow Poised for a Re-Rating?		November 18th, 2025

	Title
0	DASHBOARDS
1	Could Abercrombie & Fitch Stock's Cash Flow Spark the Next Rally?
2	ANF: Strong Cash Flow Poised for a Re-Rating?
3	ANF: Strong Cash Flow Poised for a Re-Rating?
4	ANF Growing and Cash Generating - What's Stopping You?
5	Is 25.2% Fall In Abercrombie & Fitch (ANF) Stock A Buying Opportunity?
6	Why ANF's Cash Flow Makes It Worth Considering
7	Can Abercrombie & Fitch Stock Hold Up When Markets Turn?
8	Is 20.3% Fall In Abercrombie & Fitch (ANF) Stock A Buying Opportunity?
9	Is Abercrombie & Fitch Stock Outperforming Its Rivals?
10	Better Bet Than ANF Stock: Pay Less Than Abercrombie & Fitch To Get More From CALM, PTCT
11	ARTICLES
12	Abercrombie & Fitch Stock: Strong Cash Flow Poised for a Re-Rating?
13	Why ANF Could Outperform Guess Stock
14	Why URBN, ANF Could Outperform Ross Stores Stock
15	Better Value & Growth: URBN, ANF Lead American Eagle Outfitters Stock
16	Abercrombie & Fitch Stock: Strong Cash Flow Poised for a Re-Rating?

Trade Ideas

Select past ideas related to ANF. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BBWI_11302025_Dip_Buyer_1M_Insider_Buying_GTE_1Mil_EBITp+DE	11302025	BBWI	Bath & Body Works	Dip Buy	DB \| Insider Buys \| Low D/EDip Buy with Strong Insider Buying Buying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	9.2%	9.2%	0.0%
HRB_11262025_Dip_Buyer_FCFYield	11262025	HRB	H&R Block	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	2.4%	2.4%	0.0%
LRN_11262025_Dip_Buyer_FCFYield	11262025	LRN	Stride	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-4.1%	-4.1%	-4.1%
ABNB_11212025_Dip_Buyer_FCFYield	11212025	ABNB	Airbnb	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	5.1%	5.1%	0.0%
MTN_11212025_Dip_Buyer_FCFYield	11212025	MTN	Vail Resorts	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	2.8%	2.8%	-1.6%
ANF_9122025_Dip_Buyer_FCFYield	09122025	ANF	Abercrombie & Fitch	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	13.9%	13.9%	-25.0%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BBWI_11302025_Dip_Buyer_1M_Insider_Buying_GTE_1Mil_EBITp+DE	11302025	BBWI	Bath & Body Works	Dip Buy	DB \| Insider Buys \| Low D/EDip Buy with Strong Insider Buying Buying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	9.2%	9.2%	0.0%
HRB_11262025_Dip_Buyer_FCFYield	11262025	HRB	H&R Block	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	2.4%	2.4%	0.0%
LRN_11262025_Dip_Buyer_FCFYield	11262025	LRN	Stride	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-4.1%	-4.1%	-4.1%
ABNB_11212025_Dip_Buyer_FCFYield	11212025	ABNB	Airbnb	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	5.1%	5.1%	0.0%
MTN_11212025_Dip_Buyer_FCFYield	11212025	MTN	Vail Resorts	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	2.8%	2.8%	-1.6%
ANF_9122025_Dip_Buyer_FCFYield	09122025	ANF	Abercrombie & Fitch	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	13.9%	13.9%	-25.0%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
USAR	USA Rare Earth	1.8	24.7%	58557.7%
PATH	UiPath	9.9	24.4%	45.4%
ASTS	AST SpaceMobile	17.6	18.2%	244.3%
FLNC	Fluence Energy	3.1	17.6%	47.0%
SAIC	Science Applications International	4.8	16.3%	-7.7%
AEVA	Aeva Technologies	0.9	16.0%	234.3%
AXGN	Axogen	1.5	16.0%	99.4%
SANA	Sana Biotechnology	1.3	15.9%	217.8%
OKLO	Oklo	15.6	15.6%	425.9%
RGTI	Rigetti Computing	9.0	15.4%	97.0%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
HOV	Hovnanian Enterprises	0.7	-22.5%	-22.4%
SYM	Symbotic	6.6	-17.4%	155.1%
BBW	Build-A-Bear Workshop	0.6	-15.5%	7.1%
DJCO	Daily Journal	0.6	-11.9%	-22.5%
PVH	PVH	3.7	-11.9%	-26.9%
SNOW	Snowflake	78.7	-11.4%	52.0%
QURE	uniQure	1.2	-10.8%	28.8%
MBX	MBX Biosciences	1.0	-10.0%	65.7%
WLY	John Wiley & Sons	1.8	-8.6%	-18.7%
LUMN	Lumen Technologies	8.7	-8.3%	65.3%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
TLRY	Tilray Brands	7.7	601.0%	-45.7%
HPP	Hudson Pacific Properties	6.1	591.8%	-36.1%
AEVA	Aeva Technologies	0.9	50.8%	234.3%
MPLT	MapLight Therapeutics	0.8	41.2%
USAR	USA Rare Earth	1.8	40.6%	58557.7%
PATH	UiPath	9.9	36.0%	45.4%
EVEX	Eve	1.6	34.4%	-7.4%
TMC	TMC The Metals	2.9	33.8%	596.4%
TE	T1 Energy	0.8	33.1%
INDI	Indie Semiconductor	0.9	32.1%	13.8%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.0	-52.7%	-69.4%
CTEV	Claritev	0.6	-32.7%
SYM	Symbotic	6.6	-30.7%	155.1%
FULC	Fulcrum Therapeutics	0.5	-22.6%	86.4%
HOV	Hovnanian Enterprises	0.7	-22.0%	-22.4%
VTYX	Ventyx Biosciences	0.6	-19.9%	265.3%
SIG	Signet Jewelers	3.5	-17.8%	7.2%
CMCL	Caledonia Mining	0.5	-17.8%	175.7%
QURE	uniQure	1.2	-17.7%	28.8%
URGN	UroGen Pharma	1.2	-17.5%	128.0%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
LXP	LXP Industrial Trust	2.8	406.1%	25.7%
OLMA	Olema Pharmaceuticals	2.4	237.1%	374.1%
COGT	Cogent Biosciences	5.4	178.2%	404.0%
CDTX	Cidara Therapeutics	5.9	119.6%	720.3%
SGML	Sigma Lithium	1.1	113.2%	-11.1%
IRWD	Ironwood Pharmaceuticals	0.6	99.5%	-15.8%
ALMS	Alumis	0.6	82.4%	5.6%
NPCE	NeuroPace	0.6	80.5%	51.7%
BW	Babcock & Wilcox Enterprises	0.7	80.5%	311.6%
CBLL	CeriBell	0.7	75.4%	-26.0%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
CCOI	Cogent Communications	0.9	-53.0%	-74.0%
UP	Wheels Up Experience	0.5	-48.0%	-60.0%
TLRY	Tilray Brands	7.7	-41.8%	-45.7%
AMSC	American Superconductor	1.4	-41.4%	34.0%
CTEV	Claritev	0.6	-41.2%
BTDR	Bitdeer Technologies	2.5	-40.7%	-41.6%
FRMI	Fermi	11.1	-40.2%
JANX	Janux Therapeutics	1.0	-39.3%	-69.4%
ARDT	Ardent Health	1.2	-39.1%	-48.1%
SMR	NuScale Power	3.4	-35.9%	27.4%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
USAR	USA Rare Earth	1.8	24.7%	58557.7%
PATH	UiPath	9.9	24.4%	45.4%
ASTS	AST SpaceMobile	17.6	18.2%	244.3%
FLNC	Fluence Energy	3.1	17.6%	47.0%
SAIC	Science Applications International	4.8	16.3%	-7.7%
AEVA	Aeva Technologies	0.9	16.0%	234.3%
AXGN	Axogen	1.5	16.0%	99.4%
SANA	Sana Biotechnology	1.3	15.9%	217.8%
OKLO	Oklo	15.6	15.6%	425.9%
RGTI	Rigetti Computing	9.0	15.4%	97.0%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
HOV	Hovnanian Enterprises	0.7	-22.5%	-22.4%
SYM	Symbotic	6.6	-17.4%	155.1%
BBW	Build-A-Bear Workshop	0.6	-15.5%	7.1%
DJCO	Daily Journal	0.6	-11.9%	-22.5%
PVH	PVH	3.7	-11.9%	-26.9%
SNOW	Snowflake	78.7	-11.4%	52.0%
QURE	uniQure	1.2	-10.8%	28.8%
MBX	MBX Biosciences	1.0	-10.0%	65.7%
WLY	John Wiley & Sons	1.8	-8.6%	-18.7%
LUMN	Lumen Technologies	8.7	-8.3%	65.3%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
TLRY	Tilray Brands	7.7	601.0%	-45.7%
HPP	Hudson Pacific Properties	6.1	591.8%	-36.1%
AEVA	Aeva Technologies	0.9	50.8%	234.3%
MPLT	MapLight Therapeutics	0.8	41.2%
USAR	USA Rare Earth	1.8	40.6%	58557.7%
PATH	UiPath	9.9	36.0%	45.4%
EVEX	Eve	1.6	34.4%	-7.4%
TMC	TMC The Metals	2.9	33.8%	596.4%
TE	T1 Energy	0.8	33.1%
INDI	Indie Semiconductor	0.9	32.1%	13.8%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.0	-52.7%	-69.4%
CTEV	Claritev	0.6	-32.7%
SYM	Symbotic	6.6	-30.7%	155.1%
FULC	Fulcrum Therapeutics	0.5	-22.6%	86.4%
HOV	Hovnanian Enterprises	0.7	-22.0%	-22.4%
VTYX	Ventyx Biosciences	0.6	-19.9%	265.3%
SIG	Signet Jewelers	3.5	-17.8%	7.2%
CMCL	Caledonia Mining	0.5	-17.8%	175.7%
QURE	uniQure	1.2	-17.7%	28.8%
URGN	UroGen Pharma	1.2	-17.5%	128.0%

Peer Comparisons for Abercrombie & Fitch

Peers to compare with:

Financials

	ANF	TJX	URBN	AEO	GES	ROST	Median
Name	Abercrom.	TJX Comp.	Urban Ou.	American.	Guess	Ross Sto.
Mkt Price	95.70	150.10	75.89	24.19	17.01	177.09	85.79
Mkt Cap	4.6	167.4	6.8	4.1	0.9	57.2	5.7
Rev LTM	5,100	57,925	5,832	5,267	3,092	21,498	5,550
Op Inc LTM	744	6,476	557	301	140	2,580	650
FCF LTM	345	4,041	399	152	13	1,679	372
FCF 3Y Avg	390	4,358	285	293	126	1,797	342
CFO LTM	563	5,935	590	410	101	2,474	577
CFO 3Y Avg	578	6,145	479	514	207	2,565	546

Growth & Margins

	ANF	TJX	URBN	AEO	GES	ROST	Median
Name	Abercrom.	TJX Comp.	Urban Ou.	American.	Guess	Ross Sto.
Rev Chg LTM	9.3%	4.1%	9.6%	-2.7%	7.8%	1.9%	6.0%
Rev Chg 3Y Avg	11.7%	5.3%	7.5%	1.6%	4.9%	5.2%	5.2%
Rev Chg Q	6.6%	6.9%	11.3%	-0.6%	5.5%	4.6%	6.0%
QoQ Delta Rev Chg LTM	1.5%	1.6%	2.7%	-0.1%	1.3%	1.1%	1.4%
Op Mgn LTM	14.6%	11.2%	9.5%	5.7%	4.5%	12.0%	10.4%
Op Mgn 3Y Avg	11.6%	10.7%	7.6%	6.7%	6.9%	11.5%	9.2%
QoQ Delta Op Mgn LTM	0.4%	0.2%	0.3%	0.0%	-0.6%	-0.2%	0.1%
CFO/Rev LTM	11.0%	10.2%	10.1%	7.8%	3.3%	11.5%	10.2%
CFO/Rev 3Y Avg	12.8%	11.2%	8.9%	9.9%	7.3%	12.5%	10.6%
FCF/Rev LTM	6.8%	7.0%	6.8%	2.9%	0.4%	7.8%	6.8%
FCF/Rev 3Y Avg	8.6%	8.0%	5.2%	5.7%	4.5%	8.8%	6.8%

Valuation

	ANF	TJX	URBN	AEO	GES	ROST	Median
Name	Abercrom.	TJX Comp.	Urban Ou.	American.	Guess	Ross Sto.
Mkt Cap	4.6	167.4	6.8	4.1	0.9	57.2	5.7
P/S	0.8	2.4	1.1	0.3	0.2	1.9	0.9
P/EBIT	5.1	20.6	11.1	5.5	8.3	14.8	9.7
P/E	7.3	27.6	13.7	8.3	19.9	20.0	16.8
P/CFO	7.0	23.2	11.0	4.0	6.1	16.7	9.0
Total Yield	13.7%	4.9%	7.3%	14.8%	15.4%	6.2%	10.5%
Dividend Yield	0.0%	1.3%	0.0%	2.8%	10.4%	1.2%	1.3%
FCF Yield 3Y Avg	9.8%	3.7%	6.5%	11.9%	12.3%	4.3%	8.1%
D/E	0.3	0.1	0.2	1.2	2.6	0.1	0.2
Net D/E	0.1	0.1	0.1	1.1	2.3	0.0	0.1

Returns

	ANF	TJX	URBN	AEO	GES	ROST	Median
Name	Abercrom.	TJX Comp.	Urban Ou.	American.	Guess	Ross Sto.
1M Rtn	39.5%	6.0%	20.3%	49.5%	0.6%	9.2%	14.7%
3M Rtn	2.4%	6.7%	6.4%	29.8%	2.3%	16.2%	6.6%
6M Rtn	20.3%	18.6%	8.9%	143.6%	60.9%	25.2%	22.8%
12M Rtn	-40.8%	21.1%	44.4%	22.6%	9.1%	15.9%	18.5%
3Y Rtn	318.5%	96.9%	161.9%	63.8%	7.9%	55.5%	80.4%
1M Excs Rtn	38.3%	4.7%	19.0%	48.2%	-0.7%	7.9%	13.5%
3M Excs Rtn	-5.5%	2.3%	1.4%	23.9%	-3.5%	11.8%	1.9%
6M Excs Rtn	4.9%	3.1%	-6.6%	128.1%	45.5%	9.7%	7.3%
12M Excs Rtn	-52.6%	7.0%	35.2%	12.9%	-5.8%	1.1%	4.1%
3Y Excs Rtn	229.1%	22.0%	92.5%	-5.5%	-62.6%	-16.5%	8.3%

Comparison Analyses

	Title
0	Is Abercrombie & Fitch Stock Outperforming Its Rivals?
1	Abercrombie & Fitch vs. TJX Companies: Both Seem Similar Bets
2	ANF Looks Stronger Than JBLU With 31% Return Potential
3	ANF Looks Stronger Than URBN With 31% Return Potential
4	Abercrombie & Fitch vs. Gap: With Return Forecast Of -0.9%, Gap Is A Better Bet
5	Why ANF With 31% Upside May Beat AEO?
6	ANF Looks Stronger Than GES With 31% Return Potential
7	Abercrombie & Fitch vs. Autodesk: With Return Forecast Of 26%, Autodesk Is A Better Bet
8	Abercrombie & Fitch vs. Synopsys: With Return Forecast Of 12%, Synopsys Is A Better Bet
9	Abercrombie & Fitch vs. Paychex: With Return Forecast Of 14%, Paychex Is A Better Bet

Financials

Annual
Quarterly

$ Mil \| FY: 2/1	LTM	2025	2024	2023	2022	2021	2020
Period End	8/2/2025	2/1/2025	2/3/2024	1/28/2023	1/29/2022	1/30/2021	2/1/2020
Filing Date	9/5/2025	3/31/2025	4/1/2024	3/27/2023	3/28/2022	3/29/2021	3/31/2020
Key Financials
Total Revenue	5,100	4,949	4,281	3,698	3,713	3,125	3,623
EBITDA	926	935	656	229	491	149	244
Operating Income	744	741	485	93	343	52	89
Net Income	541	566	328	3	263	-114	39
EPS	10.91	11.14	6.53	0.06	4.41	-1.82	0.61
Growth Rates
Total Revenue Growth	9.3%	15.6%	15.8%	-0.4%	18.8%	-13.7%	0.9%
EBITDA Growth	8.5%	42.5%	185.7%	-53.3%	228.9%	-38.7%	-23.2%
Operating Income Growth	11.6%	52.9%	423.1%	-73.0%	553.9%	-41.2%	-35.8%
Net Income Growth	7.8%	72.6%	11552.1%	-98.9%	330.7%	-389.7%	-47.2%
Margins
EBITDA Margin	18.1%	18.9%	15.3%	6.2%	13.2%	4.8%	6.7%
Operating Income Margin	14.6%	15.0%	11.3%	2.5%	9.2%	1.7%	2.5%
Net Income Margin	10.6%	11.4%	7.7%	0.1%	7.1%	-3.6%	1.1%
Cash & Debt
Total Cash	604	889	901	518	823	1,105	671
Total Debt	1,099	952	1,048	1,224	1,224	1,550	1,767
Net Debt / (Cash)	496	63	147	707	401	445	1,096
Cash Flows
Net Cash from Operations	563	710	653	-2	278	405	301
Free Cash from Operations	345	527	496	-167	181	303	98
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	13	52
Share Repurchases	489	300	29	140	377	15	64

$ Mil \| FY: 2/1	2026Q2	2026Q1	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3
Period End	8/2/2025	5/3/2025	2/1/2025	11/2/2024	8/3/2024	5/4/2024	2/3/2024	10/28/2023	7/29/2023	4/29/2023	1/28/2023	10/29/2022
Filing Date	9/5/2025	6/6/2025	3/31/2025	12/6/2024	9/6/2024	6/7/2024	4/1/2024	12/4/2023	9/1/2023	6/6/2023	3/27/2023	12/6/2022
Key Financials Quarterly
Total Revenue	1,209	1,097	1,585	1,209	1,134	1,021	1,453	1,056	935	836	1,200	880
Ebitda	247	148	303	228	225	178	270	179	133	74	124	51
Operating Income	207	102	256	179	176	130	223	138	90	34	78	21
Net Income	141	80	187	132	133	114	158	96	57	17	38	-2
EPS	2.97	1.63	3.72	2.59	2.60	2.24	3.13	1.91	1.13	0.33	0.78	-0.04
Key Financials TTM
Total Revenue TTM	5,100	5,025	4,949	4,817	4,664	4,465	4,281	4,028	3,851	3,721	3,698	3,659
Ebitda TTM	926	904	935	902	853	760	656	510	381	279	229	240
Operating Income TTM	744	713	741	708	666	581	485	340	223	133	93	103
Net Income TTM	541	533	566	537	502	425	328	208	110	36	3	30
Growth Rates Quarterly
Total Revenue Growth	6.6%	7.5%	9.1%	14.4%	21.2%	22.1%	21.1%	20.0%	16.2%	2.9%	3.3%	-2.8%
EBITDA Growth	9.7%	-17.3%	12.1%	27.4%	69.8%	140.8%	117.8%	253.3%	339.5%	200.2%	-8.1%	-53.4%
Operating Income Growth	17.7%	-21.8%	14.9%	29.9%	95.5%	281.8%	186.8%	548.4%	427919.0%	639.5%	-11.7%	-73.2%
Net Income Growth	6.2%	-29.4%	18.2%	37.2%	134.1%	587.0%	313.3%	4445.6%	438.0%	200.6%	-41.5%	-104.7%
Margins Quarterly
EBITDA Margin	20.5%	13.4%	19.1%	18.9%	19.9%	17.5%	18.6%	16.9%	14.2%	8.9%	10.3%	5.8%
Operating Income Margin	17.1%	9.3%	16.2%	14.8%	15.5%	12.7%	15.3%	13.1%	9.6%	4.1%	6.5%	2.4%
Net Income Margin	11.7%	7.3%	11.8%	10.9%	11.7%	11.2%	10.9%	9.1%	6.1%	2.0%	3.2%	-0.3%
Cash & Debt
Total Cash	604	608	889	739	738	864	901	649	617	447	518	257
Total Debt	1,099	1,026	952	945	891	1,059	1,048	1,102	1,181	1,169	1,224	1,216
Net Debt / (Cash)	496	418	63	206	152	195	147	452	564	722	707	959
Cash Flows Quarterly
FCF from Operations	117	-4	308	143	165	95	303	134	217	-1	299	-41
Cash Flows TTM
FCF from Operations TTM	563	611	710	706	697	749	653	649	474	215	-2	-155
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	52	234	101	102	17	80	0	10	0	18	14	8
Return on Invested Capital (ROIC) Quarterly
ROIC	114.3%	73.3%	1170.2%	247.4%	345.0%	227.7%	427.6%	86.8%	42.2%	11.0%	21.6%	8.9%
Return on Invested Capital (ROIC) TTM
ROIC TTM	106.8%	124.1%	882.8%	255.7%	327.0%	219.2%	227.6%	47.5%	21.7%	6.9%	2.0%	5.3%

Segment Financials

Revenue by Segment

$ Mil	2025	2024	2023	2022	2021
Single Segment	4,281	3,698	3,713
Abercrombie				1,291	1,465
Hollister				1,834	2,159
Total	4,281	3,698	3,713	3,125	3,623

Price Behavior

Price Behavior

Market Price	$95.66
Market Cap ($ Bil)	4.5
First Trading Date	09/26/1996
Distance from 52W High	-40.8%
	50 Days	200 Days
DMA Price	$76.84	$83.04
DMA Trend	down	down
Distance from DMA	24.5%	15.2%
	3M	1YR
Volatility	86.5%	68.5%
Downside Capture	144.68	134.22
Upside Capture	119.14	65.05
Correlation (SPY)	21.4%	38.3%

ANF Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	2.41	1.74	1.58	1.85	1.33	1.34
Up Beta	2.75	2.40	2.26	3.03	1.59	1.50
Down Beta	-0.78	1.15	0.79	1.78	1.28	1.44
Up Capture	565%	208%	149%	153%	67%	271%
Bmk +ve Days	12	25	38	73	141	426
Stock +ve Days	10	18	28	60	107	383
Down Capture	107%	138%	168%	137%	121%	101%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	9	23	34	64	140	364

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of ANF With Other Asset Classes (Last 1Y)
	ANF	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-36.1%	-46.1%	14.6%	57.6%	4.7%	-5.6%	-3.5%
Annualized Volatility	68.4%	55.9%	19.6%	19.4%	15.9%	17.8%	35.7%
Sharpe Ratio	-0.39	-0.77	0.57	2.22	0.10	-0.47	0.03
Correlation With Other Assets		23.4%	38.3%	-9.2%	12.8%	20.3%	18.8%

ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

		Comparison of ANF With Other Asset Classes (Last 5Y)
	ANF	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	33.2%	-4.8%	15.1%	18.0%	11.7%	4.8%	40.5%
Annualized Volatility	60.9%	32.7%	17.1%	15.5%	18.8%	19.0%	49.0%
Sharpe Ratio	0.72	-0.04	0.72	0.93	0.51	0.17	0.68
Correlation With Other Assets		32.6%	38.7%	-1.8%	8.4%	22.9%	14.6%

Based On 10-Year Data

		Comparison of ANF With Other Asset Classes (Last 10Y)
	ANF	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	16.0%	5.0%	14.5%	14.2%	5.7%	5.3%	76.1%
Annualized Volatility	60.5%	27.1%	18.0%	14.8%	17.7%	20.9%	55.9%
Sharpe Ratio	0.50	0.24	0.69	0.79	0.25	0.23	0.94
Correlation With Other Assets		35.8%	38.9%	-5.7%	13.8%	29.9%	11.1%

Short Interest

Short Interest: As Of Date	11142025
Short Interest: Shares Quantity	5,552,032
Short Interest: % Change Since 10312025	-4.5%
Average Daily Volume	1,342,851
Days-to-Cover Short Interest	4.13
Basic Shares Quantity	47,550,000
Short % of Basic Shares	11.7%

Returns Analyses

	Title
0	Can Abercrombie & Fitch Stock Hold Up When Markets Turn?
1	Abercrombie & Fitch (ANF) Stock Has 45% Chance Of Rise In The Next One Month
2	Abercrombie & Fitch Stock Return Comparison
3	[10/14/2021] Abercrombie & Fitch (ANF) Stock Price Forecast: AI Forecasts ANF Stock Price To Be Around $39.40 In A Month (Up 2%)
4	Abercrombie & Fitch Total Shareholder Return (TSR): 69.1% in 2022 and 22.3% 3-yr returns (above peer average)
5	Abercrombie & Fitch (ANF) Stock Return: AI Predicts ANF Average and Excess Return After a Fall or Rise

SEC Filings

Expand for More

Report Date	Filing Date	Filing
7312025	9052025	10-Q 8/2/2025
4302025	6062025	10-Q 5/3/2025
1312025	3312025	10-K 2/1/2025
10312024	12062024	10-Q 11/2/2024
7312024	9062024	10-Q 8/3/2024
4302024	6072024	10-Q 5/4/2024
1312024	4012024	10-K 2/3/2024
10312023	12042023	10-Q 10/28/2023
7312023	9012023	10-Q 7/29/2023
4302023	6062023	10-Q 4/29/2023
1312023	3272023	10-K 1/28/2023
10312022	12062022	10-Q 10/29/2022
7312022	9072022	10-Q 7/30/2022
4302022	6082022	10-Q 4/30/2022
1312022	3282022	10-K 1/29/2022
10312021	12062021	10-Q 10/30/2021

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

Prefer one of these to Trefis? Tell us why.

Abercrombie & Fitch (ANF)

Market Price (12/4/2025): $99.55 | Market Cap: $4.7 BilSector: Consumer Discretionary | Industry: Apparel Retail

Abercrombie & Fitch (ANF)

Market Price (12/4/2025): $99.55Market Cap: $4.7 BilSector: Consumer DiscretionaryIndustry: Apparel Retail

Valuation, Metrics & Events

ANF Stock

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About Abercrombie & Fitch (ANF)

Major Customers of Abercrombie & Fitch (ANF)

Share Repurchases

Capital Expenditures

Interactive Breakdown

Better Bets than Abercrombie & Fitch (ANF)

Latest Trefis Analyses

Trade Ideas

Recent Active Movers

1 Day Top Gainers

1 Day Top Losers

1 Week Top Gainers

1 Week Top Losers

1 Month Top Gainers

1 Month Top Losers

Recent Active Movers

1 Day Top Gainers

1 Day Top Losers

1 Week Top Gainers

1 Week Top Losers

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Abercrombie & Fitch

Financials

Growth & Margins

Valuation

Returns

Comparison Analyses

FDIC Bank Data

Bank Capital

Bank Deposits

Bank Assets

Bank Loans

Financials

Segment Financials

Price Behavior

Based On 1-Year Data

Based On 5-Year Data

Based On 10-Year Data

Short Interest

Returns Analyses

Earnings Returns History

SEC Filings

Insider Activity

Industry Resources

External Quote Links

Market Price (12/4/2025): $99.55 | Market Cap: $4.7 Bil
Sector: Consumer Discretionary | Industry: Apparel Retail

Market Price (12/4/2025): $99.55
Market Cap: $4.7 Bil
Sector: Consumer Discretionary
Industry: Apparel Retail