Abercrombie & Fitch — May 27, 2026 release

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 and a 15% tariff rate thereafter for the remainder of fiscal 2026. The estimated impact is reflected in the Company’s overall outlook, including operating margin. The estimated impact is net of planned mitigation efforts and does not include any potential refunds or recoveries of tariffs imposed pursuant to the International Emergency Economic Powers Act (“IEEPA”). The Company has applied for IEEPA tariff refunds of around $100 million.