Abercrombie & 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
Tariff expense assumption
“approximately $50 million of tariff expense, or 100 basis points as a percent of net sales”
Period
FY2025
Measure
Company-defined measure
Source
Prose
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
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 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 a.m. ET, the company will conduct a conference call and provide additional details around its quarterly results and its outlook for the second quarter. To access the call by phone, participants will need to register at the following URL address to obtain a dial-in number and passcode: https://register-conf.media-server.com/register/BI9df7c6cf6ffa473fa1a4b41a1fd57141 A presentation of first quarter results will be available in the “Investors” section at corporate.abercrombie.com at approximately 7:30 a.m. ET, today. Important information may be disseminated
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.