Abercrombie & Fitch Co. Releases 10-Q Report

By Hao Liu • Sunday, June 08 06:01 • Permanent Link

Abercrombie & Fitch Co. /DE/ has recently released its 10-Q report, providing insights into the company's financial performance for the period. The company operates as an omnichannel retailer, offering apparel, personal care products, and accessories for men, women, and kids under various brands. It sells its products through stores, wholesale, franchise, licensing arrangements, and e-commerce platforms. Abercrombie & Fitch Co. was founded in 1892 and is headquartered in New Albany, Ohio.

In its "Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations," Abercrombie & Fitch Co. discusses the use of non-GAAP financial measures, such as asset impairment charges, to evaluate its operating performance. The company provides comparable sales, which exclude revenue other than store and digital sales, to understand year-over-year changes in net sales and help investors distinguish revenue attributable to existing locations from that attributable to the opening or closing of stores.

Abercrombie & Fitch Co. also 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. The company provides 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.

Additionally, the company offers EBITDA as a supplemental measure used by its executive management to assess performance. EBITDA is defined as net income before interest, income taxes, and depreciation and amortization. A reconciliation of non-GAAP EBITDA to net income for the thirteen weeks ended May 3, 2025, and May 4, 2024, is also provided, allowing investors to compute the company's core financial performance over multiple periods. The market has reacted to these announcements by moving the company's shares 4.36% to a price of $82.99. Check out the company's full 10-Q submission here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.