Abercrombie & Fitch — Nov 26, 2024 release

REPORTS THIRD QUARTER FISCAL 2024 RESULTS • Record third quarter net sales of $1.2 billion, up 14% from last year with comparable sales of 16% • Broad-based net sales growth across regions and brands, with Abercrombie brands growth of 15% and Hollister brands growth of 14% • Operating margin expands 170 basis points to 14.8%, with third quarter operating income increasing 30% to $179 million • Year-to-date, repurchased 924,000 shares for $130 million, representing 1.8% of shares outstanding at February 3, 2024 • Increases full year outlook to net sales growth of 14% to 15% and operating margin around 15% New Albany, Ohio, November 26, 2024: Abercrombie & Fitch Co. (NYSE: ANF) today announced results for the third quarter ended November 2, 2024. These compare to results for the third quarter ended October 28, 2023. Descriptions of the use of non-GAAP financial measures and reconciliations of GAAP and non-GAAP financial measures accompany this release. Fran Horowitz, Chief Executive Officer, said, “For the sixth consecutive quarter, our global team delivered double-digit net sales growth. This great sales performance led to better-than-expected results on both the top and bottom lines. With broad-based growth across regions and brands, we continue to execute at a high level, leveraging our regional playbooks and operating model. Each of our regions grew double-digits in the quarter, with the Americas growing 14%, EMEA growing 15% and APAC growing 32%. From a brand perspective, each brand showed growth-on-growth as customers responded positively to our product and marketing. Abercrombie brands delivered 11% comparable sales on top of 26% last year and Hollister comped 21% on top of 7% last year. The strong top-line growth drove third quarter operating