Abercrombie & Fitch — Aug 27, 2025 release

For fiscal 2025, the company now expects: Current Full Year Outlook (1) (2) Previous Full Year Outlook (3) Net sales Growth In The Range of 5% to 7% Growth In The Range of 3% to 6% Operating margin In The Range of 13.0% to 13.5% In The Range of 12.5% to 13.5% Effective tax rate (4) Around 30% Around 27% Net income per diluted share (5) (6) In The Range of $10.00 to $10.50 In The Range of $9.50 to $10.50 Share repurchases (6) Around $400 million $400 million Diluted weighted average shares (5) (6) Around 49 million Around 49 million Capital expenditures ~$225 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 Third Quarter Outlook (1) Net sales Growth In The Range of 5% to 7% Operating margin In The Range of 11% to 12% Effective tax rate (4) Around 31% Net income per diluted share (5) (6) In The Range of $2.05 to $2.25 Share repurchases (6) At least $50 million Diluted weighted average shares (5) (6) Around 48 million (1) Includes the estimated impact from the tariffs on goods imported into the United States in accordance with trade policies as of August 25, 2025, including 20% for Vietnam, 19% for Cambodia, 50% for India, 30% for China, and a 10% tariff on all other global imports. This excludes 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 $90 million of tariff expense, or 170 basis points as a percent of net sales. (2) The current full year outlook includes $39 million net benefit on a pre-tax basis, or $29 million on a tax-adjusted basis, from a litigation settlement. (3) Released May 28, 2025. (4) 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. (5) 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. (6) 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 third 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/BI5f17408364bf40ce812cc573f28e6018 A presentation of second quarter resul