HighGravityDataAbercrombie & Fitch — Mar 5, 2025 release
Fiscal 2025 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001018840-25-000007
Showing in the filing
Share repurchases
“$400 million”
Period
FY2025
Measure
Declared action
Source
Prose
All guidance in this release · 17
Net sales growth for FY2025
“3% to 5%”
Operating margin for FY2025
“14% to 15%”
New share repurchase authorization
“$1.3 billion”
Share repurchases for FY2025
“$400 million”
Net sales for Q1 FY2025
“growth in the range of 4% to 6%”
Operating margin for Q1 FY2025
“in the range of 8% to 9%”
Effective tax rate for Q1 FY2025
“around 25%”
Effective tax rate for FY2025
“around 26%”
Net income per diluted share for Q1 FY2025
“in the range of $1.25 to $1.45”
Net income per diluted share for FY2025
“$10.40 to $11.40”
Share repurchases for Q1 FY2025
“$100 million”
Diluted weighted average shares for Q1 FY2025
“around 52 million”
Diluted weighted average shares for FY2025
“around 51 million”
Capital expenditures for FY2025
“~$200 million”
Real estate activity - net store openings for Q1 FY2025
“~40 net store openings”
Real estate activity - Openings and Closures for FY2025
“60 openings, 20 closures”
Real estate activity - Remodels And Right-Si… for FY2025
“40”
Exhibit 99.1 · the passage around this item
… earlier in the release
REPORTS FOURTH QUARTER AND FULL YEAR RESULTS • Company delivers fourth quarter net sales growth of 9%, with comparable sales growth of 14% • Full year net sales of $4.95 billion, up 16% to 2023, driven by comparable sales of 17% with double-digit comparable sales growth across regions and brands • Abercrombie brands deliver full year 2024 net sales growth of 16% on comparable sales of 15%, with Hollister brands growing net sales 15% on comparable sales of 19% • Full year operating margin of 15.0%, up 370 basis points to full year 2023, and net income per diluted share of $10.69, 72% growth from 2023 • Full year share repurchases of $230 million, or 1.6 million shares, representing 3% of shares outstanding at February 3, 2024 • Provides full year 2025 outlook for net sales growth in the range of 3% to 5%, operating margin in the range of 14% to 15%, net income per diluted share in the range of $10.40 to $11.40 • Announces new $1.3 billion share repurchase authorization; expects $400 million in share repurchases for 2025 New Albany, Ohio, March 5, 2025: Abercrombie & Fitch Co. (NYSE: ANF) today announced results for the thirteen week fourth quarter and fifty-two week year ended February 1, 2025. These compare to results for the fourteen week fourth quarter and fifty-three week year ended February 3, 2024. 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, “In fiscal 2024, we once again delivered on our commitments to our global customers and shareholders. We entered the fiscal year with the goal of achieving sustainable, profitable growth on top of a defining fiscal 2023, and our collective effort and focus produced results well beyond our initial expectations. We grew net sales 16% to nearly $5 billion while expanding operating margin to 15%, with operating income and EPS growth of 53% and 72%, respectively. We enter fiscal 2025 with highly relevant brands, an agile playbook, and a motivated global team driven by a culture of innovation and growth. Our expectation in 2025 is to build on the past two years of outstanding results and aga
later in the release …
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other guidance in this release
Text is the filed exhibit, verbatim.