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Abercrombie & Fitch — Aug 26, 2026 release

Fiscal 2027 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001018840-26-000041
Open on SEC.gov ↗
Showing in the filing
Assumed effective tariff rate
“10% to 12.5%”
Period
FY2026
Measure
Company-defined measure
Source
Prose
All guidance in this release · 21
Net income per diluted share for FY2026
“$13.10 to $13.60”
Net sales growth for Q3 FY2026
“5% to 6%”
Net income per diluted share for Q3 FY2026
“$2.90 to $3.20”
Net sales growth for FY2026
“around 5%”
IEEPA tariff refund impact (bps) for FY2026
“Favorability of around 220 bps”
Operating margin for FY2026
“In The Range of 14.5% to 15.0%”
Effective tax rate for Q3 FY2026
“Around 29%”
Share repurchases for FY2026
“at least $500 million”
Diluted weighted average shares for FY2026
“Around 44 million”
Capital expenditures for FY2026
“Around $250 million”
Real estate activity - Net Store Openings for FY2026
“~30 Net Store Openings”
Real estate activity for FY2027
“~30 Net Store Openings”
Real estate activity: Openings/Closures for FY2026
“50 Openings, 20 Closures”
Real estate activity - Remodels and Right-Si… for FY2026
“80”
IEEPA tariff refund impact (bps) for Q3 FY2026
“Favorability of around 160 bps”
Operating margin for Q3 FY2026
“In The Range of 13.0% to 14.0%”
Share repurchases for Q3 FY2026
“at least $100 million”
Diluted weighted average shares for Q3 FY2026
“Around 43 million”
Estimated IEEPA tariff refunds for Q3 FY2026
“$20 million”
Estimated IEEPA tariff refunds for FY2026
“$120 million”
Assumed effective tariff rate for FY2026
“10% to 12.5%”
Exhibit 99.1 · the passage around this item
… earlier in the release
The company also estimates third quarter and full year 2026 impact of tariff refunds on net income per diluted share, inclusive of interest, to be $0.35 and $2.10, respectively. (3) Reflects the estimated impact, net of planned mitigation efforts, of an effective 10% to 12.5% tariff rate on all goods imported into the United States for the remainder of fiscal 2026, updated from a 15% effective rate in the Previous Full Year Outlook. The combined estimated impact of the tariff expense and IEEPA tariff refunds is reflected in the Company’s current fiscal 2026 outlook, including operating margin and net income per diluted share. (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 2026. (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 . (7) Owned-and-operated stores only. 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
later in the release …
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other guidance in this release
Text is the filed exhibit, verbatim.