Abercrombie & Fitch — Nov 25, 2025 release

For fiscal 2025, the company now expects: Current Full Year Outlook (1) (2) Previous Full Year Outlook (2) (3) Net sales Growth In The Range of 6% to 7% Growth In The Range of 5% to 7% Operating margin In The Range of 13.0% to 13.5% In The Range of 13.0% to 13.5% Effective tax rate (4) Around 30% Around 30% Net income per diluted share (5) (6) In The Range of $10.20 to $10.50 In The Range of $10.00 to $10.50 Share repurchases (6) Around $450 million Around $400 million Diluted weighted average shares (5) (6) Around 48 million Around 49 million Capital expenditures ~$225 million ~$225 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 Fourth Quarter Outlook (1) Net sales Growth In The Range of 4% to 6% Operating margin Around 14% Effective tax rate (4) Around 30% Net income per diluted share (5) (6) In The Range of $3.40 to $3.70 Share repurchases (6) Around $100 million Diluted weighted average shares (5) (6) Around 47 million (1) Includes the estimated impact from the tariffs on goods imported into the United States in accordance with trade policies as of November 21, 2025. 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) Includes $39 million net benefit on a pre-tax basis, or $29 million on a tax-adjusted basis, from a litigation settlement. (3) Released August 27, 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