ABERCROMBIE & FITCH CO /DE/ has recently released its 10-Q report. The company, through its subsidiaries, 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 and licensing arrangements, and e-commerce. Founded in 1892 and based in New Albany, Ohio, the company has built its business around both physical retail and digital sales.
Item 2 of Management’s Discussion and Analysis focuses on non-GAAP measures that management says help isolate operating performance from items it believes may not reflect future results. The company says comparable sales is the year-over-year change in the combined sales of stores open at least one year and digital sales, with prior-year figures converted at current exchange rates to remove currency effects; management uses it to separate growth from existing locations versus store openings and closures. It also presents constant-currency results and EBITDA, saying these measures help assess underlying trends, compare periods, and evaluate performance across companies and capital structures.
For the thirteen weeks ended May 2, 2026, net sales were $1.114 billion, up 2% from $1.097 billion a year earlier on a GAAP basis. On a constant-currency basis, net sales were $1.113 billion versus $1.108 billion in the prior year period. Operating income fell to $88.8 million from $101.5 million, while constant-currency operating income was $88.8 million versus $109.0 million.
Net income attributable to A&F was $68.1 million, or $1.47 per diluted share, compared with $81.7 million, or $1.59 per share, a year earlier. On a constant-currency basis, diluted EPS was $1.47 versus $1.70. EBITDA was $131.1 million, equal to 11.8% of net sales, down from $140.1 million and 12.8% in the prior-year quarter.
The company’s reconciliation shows that foreign currency exchange rates had an $11.0 million effect on prior-year net sales, a $7.5 million effect on prior-year operating income, and a $0.11 per-share effect on prior-year earnings. Depreciation and amortization rose to $42.3 million from $38.6 million, while interest income, net, was $5.3 million versus $6.8 million a year earlier. The market has reacted to these announcements by moving the company's shares -2.99% to a price of $75.34. For the full picture, make sure to review ABERCROMBIE & FITCH CO /DE/'s 10-Q report.
