ABERCROMBIE & FITCH CO /DE/ has recently released its 10-Q report. The company operates as an omnichannel retailer across the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It sells apparel, personal care products, and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Your Personal Best, Hollister, and Gilly Hicks brands through stores, wholesale, franchise, licensing, and e-commerce channels.
In Item 2, management says its discussion and analysis is intended to help investors evaluate operating performance by excluding certain items it believes may not reflect future operating outlook, while also improving period-to-period comparability. The company says it uses non-GAAP measures such as comparable sales, constant-currency financial information, and EBITDA to assess performance and set expectations for future results, but emphasizes that these measures supplement, rather than replace, GAAP results.
Comparable sales are defined as the year-over-year change in the combined total of store sales from locations open at least one year, with square footage not changed by more than 20% in the past year, plus digital net sales, with prior-year figures converted at current-year exchange rates. Comparable sales exclude revenue other than store and digital sales. Management says the metric helps separate revenue from existing locations from revenue tied to store openings or closures.
For the 13 weeks ended May 2, 2026, net sales were $1.114 billion, up 2% from $1.097 billion a year earlier under GAAP. On a constant-currency basis, net sales were $1.113 billion versus $1.108 billion in the prior year, with the foreign-currency impact equal to $11.0 million. Operating income was $88.8 million, down from $101.5 million, and constant-currency operating income was $88.8 million versus $109.0 million in the prior year.
Net income per share attributable to A&F was $1.47, compared with $1.59 a year earlier. On a constant-currency basis, that figure was $1.47 versus $1.70. Management’s EBITDA calculation came to $131.1 million, or 11.8% of net sales, down from $140.1 million, or 12.8%, in the prior-year quarter.
The EBITDA bridge shows net income of $68.1 million, income tax expense of $26.0 million, net interest income of $5.3 million, and depreciation and amortization of $42.3 million. The market has reacted to these announcements by moving the company's shares -2.99% to a price of $75.34. For more information, read the company's full 10-Q submission here.
