Abercrombie & Fitch Co. /DE/ has recently released its 10-Q report, providing a detailed insight into the company's financial performance and operations. The company operates as an omnichannel retailer globally, offering a wide range of apparel, personal care products, and accessories for men, women, and kids under various brand names such as Abercrombie & Fitch, abercrombie kids, Your Personal Best, Hollister, and Gilly Hicks. Abercrombie & Fitch Co. utilizes stores, wholesale, franchise, licensing arrangements, and e-commerce platforms to sell its products.
In the report, Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations” highlights the company's use of non-GAAP financial measures to assess its performance and develop expectations for future operating performance. Abercrombie & Fitch Co. provides comparable sales, which exclude revenue other than store and digital sales, to understand year-over-year changes in net sales and aid investors in distinguishing existing location revenue from new store openings or closures.
Additionally, the company presents financial information on a constant currency basis to remove the impact of foreign currency exchange rate fluctuations, enhancing investors’ understanding of underlying business trends and operating performance. Reconciliations of non-GAAP financial metrics on a constant currency basis to financial measures calculated and presented in accordance with GAAP for the thirteen weeks ended May 3, 2025, and May 4, 2024, were provided.
Furthermore, Abercrombie & Fitch Co. also provides EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) as a supplemental measure used by the company's executive management to assess performance. The report includes a reconciliation of non-GAAP EBITDA to net income for the thirteen weeks ended May 3, 2025, and May 4, 2024, offering insights into the company's core financial performance over multiple periods. As a result of these announcements, the company's shares have moved 4.36% on the market, and are now trading at a price of $82.99. If you want to know more, read the company's complete 10-Q report here.
