Abercrombie & Fitch Co. has reported its third-quarter fiscal 2025 results, revealing a record net sales of $1.3 billion, marking a 7% increase from the same period last year. This marks the 12th consecutive quarter of growth for the company. The net sales growth was led by a 7% increase in the Americas and EMEA segments, partially offset by a 6% decline in the APAC segment.
The brand performance was highlighted by Hollister's growth of 16%, while Abercrombie's brands experienced a 2% decline. The operating margin stood at 12.0%, with earnings per diluted share of $2.36, surpassing the outlook range. The company also repurchased $100 million in shares in the quarter, bringing the year-to-date share repurchases to $350 million, representing 9% of shares outstanding at the beginning of the year.
Looking at the financial position and liquidity, the company had cash and equivalents of $606 million, marketable securities of $25 million, and inventories of $730 million as of November 1, 2025. This compares to $773 million, $116 million, and $575 million, respectively, as of February 1, 2025.
The company reported net cash provided by operating activities of $313 million, net cash used for investing activities of $95 million, and net cash used for financing activities of $395 million for the year-to-date period ended November 1, 2025. Additionally, the company repurchased 1.2 million shares for approximately $100 million during the third quarter of 2025, and 4.5 million shares for $350 million for the year-to-date period ended November 1, 2025, representing a 9% reduction in shares outstanding from the beginning of the year.
Looking ahead, Abercrombie & Fitch Co. has narrowed its full-year outlook to net sales growth of 6% to 7% and net income per diluted share of $10.20 to $10.50 for fiscal 2025. The company also expects around $450 million in share repurchases and diluted weighted average shares of around 48 million for the full year. In addition, the fourth-quarter outlook includes an expected net sales growth in the range of 4% to 6%, an operating margin around 14%, and net income per diluted share in the range of $3.40 to $3.70.
These figures demonstrate the company's strong performance and financial position, positioning it for continued growth and value creation for shareholders. As a result of these announcements, the company's shares have moved 5.43% on the market, and are now trading at a price of $95.14. Check out the company's full 8-K submission here.
