Abercrombie & Fitch — Mar 5, 2025 release

Fiscal 2025 First Quarter and Full Year Outlook For fiscal 2025, the company expects: First Quarter Outlook Full Year Outlook Net sales growth in the range of 4% to 6% growth in the range of 3% to 5% Operating margin (1) in the range of 8% to 9% in the range of 14% to 15% Effective tax rate (2) around 25% around 26% Net income per diluted share (3) (4) in the range of $1.25 to $1.45 in the range of $10.40 to $11.40 Share repurchases (4) $100 million $400 million Diluted weighted average shares (3) around 52 million around 51 million Capital expenditures ~$200 million Real estate activity (all approximate) ~40 net store openings 60 openings, 20 closures 40 remodels and right-sizes (1) The outlook for operating margin includes estimated impact from the tariffs announced in February 2025 on goods imported from China, Mexico, and Canada into the United States. It does not include impacts related to other potential future policy or legislative changes, additional potential tariffs imposed by the United States, or potential tariffs imposed by countries other than the United States. (2) The outlook for effective tax rate is sensitive to the jurisdictional mix and level of income and does not include the impact of potential future tax policy or legislative changes. (3) The outlook for net income per diluted share and diluted weighted average shares includes the anticipated impact to shares outstanding from potential share repurchase activity in fiscal 2025. (4) The timing and amount of any such repurchases will be determined based on an evaluation of market conditions, the company’s share price, legal requirements, and other factors. Conference Call Today at 8:30 AM, ET, the company will conduct a conference call and provide additional details around its quarterly and full year results. To access the call by phone, participants will nee