HighGravityDataAbercrombie & Fitch — May 28, 2025 release
Fiscal 2026 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001018840-25-000029
Showing in the filing
Operating margin
“In The Range of 12% to 13%”
Period
Q2 FY2025
Measure
GAAP-tied
Source
Guidance table
All guidance in this release · 19
Net sales for FY2025
“Growth In The Range of 3% to 6%”
Operating margin for FY2025
“In The Range of 12.5% to 13.5%”
Effective tax rate for FY2025
“Around 27%”
Net income per diluted share for FY2025
“In The Range of $9.50 to $10.50”
Share repurchases for FY2025
“$400 million”
Diluted weighted average shares for Q2 FY2025
“Around 49 million”
Capital expenditures for FY2025
“~$200 million”
Real estate activity for FY2026
“~40 Net Store Openings”
Real estate activity - Net Store Openings for FY2025
“~40 Net Store Openings”
Real estate activity: Openings/Closures for FY2026
“60 Openings, 20 Closures”
Real estate activity - Openings and Closures for FY2025
“60 Openings, 20 Closures”
Real estate activity - Remodels And Right-Si… for FY2025
“40”
Net sales for Q2 FY2025
“Growth In The Range of 3% to 5%”
Operating margin for Q2 FY2025
“In The Range of 12% to 13%”
Effective tax rate for Q2 FY2025
“Around 28%”
Net income per diluted share for Q2 FY2025
“In The Range of $2.10 to $2.30”
Share repurchases for Q2 FY2025
“$50 million”
Tariff expense for FY2026
“approximately $50 million”
Tariff expense assumption for FY2025
“approximately $50 million of tariff expense, or 100 basis points as a percent of net sales”
Exhibit 99.1 · the passage around this item
… earlier in the release
For fiscal 2025, the company now expects: Current Full Year Outlook (1) Previous Full Year Outlook (2) Net sales Growth In The Range of 3% to 6% Growth In The Range of 3% to 5% Operating margin In The Range of 12.5% to 13.5% In The Range of 14% to 15% Effective tax rate (3) Around 27% Around 26% Net income per diluted share (4) (5) In The Range of $9.50 to $10.50 In The Range of $10.40 to $11.40 Share repurchases (5) $400 million $400 million Diluted weighted average shares (4) (5) Around 49 million Around 51 million Capital expenditures ~$200 million ~$200 million Real estate activity (all approximate) ~40 Net Store Openings ~40 Net Store Openings 60 Openings, 20 Closures 60 Openings, 20 Closures 40 Remodels And Right-Sizes 40 Remodels And Right-Sizes Second Quarter Outlook (1) Net sales Growth In The Range of 3% to 5% Operating margin In The Range of 12% to 13% Effective tax rate (3) Around 28% Net income per diluted share (4) (5) In The Range of $2.10 to $2.30 Share repurchases (5) $50 million Diluted weighted average shares (4) (5) Around 49 million (1) Includes the estimated impact from the tariffs on goods imported into the United States in accordance with trade policies currently in effect. This includes a 30% tariff on imports from China, and a 10% tariff on all other global imports, but excludes other currently-paused tariffs and any other potential future trade policy changes imposed by the United States or other countries. Net of planned mitigation efforts, the full year outlook assumes approximately $50 million of tariff expense, or 100 basis points as a percent of net sales. (2) Released March 5, 2025. (3) The current 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. (4) The current 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. (5) The timing and amount of any su
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.