Abercrombie & Fitch — May 27, 2026 release

2 Fiscal 2026 Outlook The following outlook replaces all previous full year guidance. For fiscal 2026, the company now expects: Current Full Year Outlook Previous Full Year Outlook (1) Net sales Growth In The Range of 3% to 5% Growth In The Range of 3% to 5% Year-over-year tariff impact (bps) (2) Unfavorability of around 20 bps Unfavorability of around 70 bps Operating margin In The Range of 12.0% to 12.5% In The Range of 12.0% to 12.5% Effective tax rate (3) Around 30% Around 29% Net income per diluted share (4) (5) In The Range of $10.20 to $11.00 In The Range of $10.20 to $11.00 Share repurchases (5) Around $450 million Around $450 million Diluted weighted average shares (4) (5) Around 44 million Around 45 million Capital expenditures Around $225 million In The Range of $200 to $250 million Real estate activity (6) (all approximate) ~30 Net Store Openings ~30 Net Store Openings 50 Openings, 20 Closures 55 Openings, 25 Closures 80 Remodels and Right-Sizes 70 Remodels and Right-Sizes Second Quarter Outlook Net sales Growth In The Range of 2% to 4% Year-over-year tariff impact (bps) (2) Unfavorability of around 120 bps Operating margin Around 10% Effective tax rate (3) Around 32% Net income per diluted share (4) (5) In The Range of $1.80 to $2.00 Share repurchases (5) At least $150 million Diluted weighted average shares (4) (5) Around 45 million (1) Released March 4, 2026. (2) Reflects the estimated impact of a 10% tariff rate on all goods imported into the United States for the fiscal second quarter an