Abercrombie & Fitch Co. /DE/ has recently released its 10-Q report, providing an insight into the company's performance and financial condition. The company operates as an omnichannel retailer across various regions, offering a range of apparel, personal care products, and accessories for men, women, and kids under several brands. It sells its products through stores, wholesale, franchise, and e-commerce platforms.
In the 10-Q report, Abercrombie & Fitch Co. emphasizes the importance of "Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations" as a means to provide investors with a meaningful basis to evaluate the company’s operating performance. The report also highlights the use of non-GAAP financial measures, such as comparable sales and financial information on a constant currency basis, to assess the company's performance and to provide investors with a better understanding of underlying business trends and operating performance.
The 10-Q report reveals that for the thirteen weeks ended May 3, 2025, the company reported net sales of $1,097,311, reflecting an 8% increase compared to the prior year on a constant currency basis. Operating income for the same period was $101,533, indicating a decrease of 340 basis points from the prior year on a constant currency basis. Additionally, the net income per share attributable to A&F was reported at $1.59, down by $0.47 from the prior year on a constant currency basis.
Furthermore, the report provides EBITDA (earnings before interest, taxes, depreciation, and amortization) as a supplemental measure used by the company's executive management to assess performance. For the thirteen weeks ended May 3, 2025, the company reported EBITDA of $140,109, representing 12.8% of net sales, compared to $167,538, or 16.4% of net sales for the same period in the prior year.
Following these announcements, the company's shares moved 4.36%, and are now trading at a price of $82.99. Check out the company's full 10-Q submission here.
