Abercrombie & Fitch Co. has reported its third-quarter fiscal 2025 results, showcasing a record net sales of $1.3 billion, which is 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 driven by a 7% increase in the Americas and EMEA segments, partially offset by a 6% decline in the APAC segment.
Hollister Brands experienced significant growth of 16%, while Abercrombie Brands saw a slight decline of 2%. The operating margin was reported at 12.0%, with earnings per diluted share of $2.36, exceeding the outlook range. The company repurchased $100 million worth of 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.
The company's net income per diluted share for the third quarter of 2025 was $2.36, compared to $2.50 in the same period last year. The reported net sales for the third quarter of 2025 were $1.3 billion, up 7% from the previous year, with comparable sales at 3%. However, the operating income decreased to $155 million from $179 million in the same period last year, and the operating margin as a percent of sales decreased to 12.0% from 14.8% last year.
Net sales by segment and brand for the third quarter of 2025 compared to the third quarter of 2024 are as follows:
- Americas: $1,057,448 in 2025 compared to $986,449 in 2024, a 7% increase.
- EMEA: $194,510 in 2025 compared to $181,592 in 2024, a 7% increase.
- APAC: $38,661 in 2025 compared to $40,925 in 2024, a 6% decline.
For the Abercrombie brand, net sales were $617,345 in 2025 compared to $629,835 in 2024, a 2% decrease. For the Hollister brand, net sales were $673,274 in 2025 compared to $579,131 in 2024, a 16% increase.
As of November 1, 2025, the company had cash and equivalents of $606 million, marketable securities of $25 million, and inventories of $730 million. The company also had borrowing capacity of $500 million under the senior-secured asset-based revolving credit facility, with net borrowing available of $450 million, resulting in total liquidity of approximately $1.1 billion.
The company repurchased 1.2 million shares for approximately $100 million during the third quarter of 2025, bringing the year-to-date share repurchases to 4.5 million shares for $350 million, representing a 9% reduction in shares outstanding from the beginning of the year. The company has $950 million remaining on the share repurchase authorization established in March 2025.
Looking ahead, for fiscal 2025, the company expects a net sales growth in the range of 6% to 7%, with an operating margin in the range of 13.0% to 13.5%. The effective tax rate is expected to be around 30%, and net income per diluted share is projected to be in the range of $10.20 to $10.50. The company also plans to conduct a conference call to provide additional details around its quarterly results and its outlook for the fourth quarter. Today the company's shares have moved 5.26% to a price of $94.985. For more information, read the company's full 8-K submission here.
