ABERCROMBIE & FITCH CO /DE/ has recently released its 10-Q report. Abercrombie & Fitch Co., through subsidiaries, operates an omnichannel retail business 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. The company was founded in 1892 and is based in New Albany, Ohio.
Item 2 of the filing says management uses non-GAAP measures to help evaluate operating performance by removing items it believes may not reflect future results, while also comparing periods on a like-for-like basis. Comparable sales is defined as the year-over-year change in aggregate store sales from locations open at least one year, adjusted for foreign currency, plus digital net sales, excluding revenue other than store and digital sales. Management says the metric helps separate growth from existing locations versus openings and closures, and the most directly comparable GAAP measure is change in net sales.
For the 13 weeks ended August 1, 2026, net sales were $1.267 billion, up 5% from $1.209 billion a year earlier. For the 26-week period, net sales were $2.381 billion, up 3% from $2.306 billion. On a constant-currency basis, the 13-week and 26-week sales figures were unchanged at $1.267 billion and $2.381 billion, while the prior-year comparable amounts were $1.208 billion and $2.317 billion.
Operating income rose to $252.7 million in the quarter from $206.7 million, a gain of 280 basis points. For the first half, operating income increased to $341.5 million from $308.2 million, up 90 basis points. On an adjusted non-GAAP basis, operating income was $252.7 million in the quarter versus $168.1 million a year earlier, and $341.5 million versus $269.6 million for the half-year period. On a constant-currency basis, adjusted operating income was $252.7 million for the quarter and $341.5 million for the half year.
Net income attributable to A&F was $185.5 million, or $4.17 per share, in the quarter, compared with $143.4 million, or $2.91 per share, a year earlier. For the 26-week period, net income was $253.7 million, or $5.59 per share, versus $225.1 million, or $4.47 per share. Excluding the prior-year litigation settlement, adjusted non-GAAP net income per share was $4.17 in the quarter and $5.59 in the half year, versus $2.32 and $3.90, respectively, in the prior-year periods.
EBITDA was $296.0 million in the quarter, up from $244.1 million, and adjusted EBITDA was also $296.0 million versus $205.5 million a year earlier. For the first half, EBITDA reached $427.1 million from $384.2 million, while adjusted EBITDA rose to $427.1 million from $345.6 million. The quarter’s EBITDA margin was 23.4%, compared with 20.2% last year, and adjusted EBITDA margin was 23.4% versus 17.0%. The market has reacted to these announcements by moving the company's shares 4.27% to a price of $149.67. If you want to know more, read the company's complete 10-Q report here.
