Abercrombie & Fitch Co.
Financial Information
(Unaudited)
(in thousands, except per share data)
			Fiscal 2023										Fiscal 2024
	2022		Q1		Q2		Q3		Q4		2023		Q1
Net sales	$	3,697,751	$	835,994	$	935,345	$	1,056,431	$	1,452,907	$	4,280,677	$	1,020,730
Cost of sales, exclusive of depreciation and amortization	1,593,213		326,200		350,965		370,762		539,338		1,587,265		343,273
Gross profit	2,104,538		509,794		584,380		685,669		913,569		2,693,412		677,457
Stores and distribution expense	1,496,962		336,049		352,730		383,883		499,075		1,571,737		371,686
Marketing, general and administrative expense	517,602		142,631		144,502		162,510		193,234		642,877		177,880
Other operating (income) loss, net	(2,674)		(2,894)		(2,694)		1,256		(1,541)		(5,873)		(1,958)
Operating income	92,648		34,008		89,842		138,020		222,801		484,671		129,849
Interest expense	30,236		7,458		7,635		8,568		6,691		30,352		5,780
Interest income	(4,604)		(4,015)		(6,538)		(7,897)		(11,530)		(29,980)		(10,803)
Interest (income) expense, net	25,632		3,443		1,097		671		(4,839)		372		(5,023)
Income before income taxes	67,016		30,565		88,745		137,349		227,640		484,299		134,872
Income tax expense	56,631		12,718		30,014		39,617		66,537		148,886		19,794
Net income	10,385		17,847		58,731		97,732		161,103		335,413		115,078
Less: Net income attributable to noncontrolling interests	7,569		1,276		1,837		1,521		2,656		7,290		1,228
Net income attributable to Abercrombie & Fitch Co.	$	2,816	$	16,571	$	56,894	$	96,211	$	158,447	$	328,123	$	113,850
Net income per share attributable to Abercrombie & Fitch Co.:
Basic	$0.06		$0.33		$1.13		$1.91		$3.13		$6.53		$2.24
Diluted	$0.05		$0.32		$1.10		$1.83		$2.97		$6.22		$2.14
Weighted-average shares outstanding:
Basic	50,307		49,574		50,322		50,504		50,559		50,250		50,893
Diluted	52,327		51,467		51,548		52,624		53,399		52,726		53,276

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Abercrombie & Fitch Co.
Financial Information
(Unaudited)
		Fiscal 2023										Fiscal 2024
	2022	Q1		Q2		Q3		Q4		2023		Q1
Segment comparable sales (1)
Americas comparable sales (2) (3)	Not provided	Not provided		14	%	16	%	17	%	13	%	21	%
EMEA comparable sales (2) (4)	Not provided	Not provided		6	%	15	%	10	%	7	%	23	%
APAC comparable sales (2) (5)	Not provided	Not provided		26	%	32	%	21	%	26	%	22	%
Comparable sales (2)	Not provided	3	%	13	%	16	%	16	%	13	%	21	%
Branded comparable sales
Abercrombie comparable sales (2) (6)	Not provided	14	%	23	%	26	%	28	%	23	%	29	%
Hollister comparable sales (2) (7)	Not provided	(6)	%	5	%	7	%	6	%	4	%	13	%
Comparable sales (2)	Not provided	3	%	13	%	16	%	16	%	13	%	21	%
(1) Net sales by segment are presented by attributing revenues to an individual country on the basis of the segment that fulfills the order.
(2) Comparable sales are calculated on a constant currency basis. Refer to "REPORTING AND USE OF GAAP AND NON-GAAP MEASURES," for further discussion. The Company did not provide comparable sales results for fiscal 2022 due to temporary store closures as a result of COVID-19.
(3) The Americas segment includes the results of operations in North America and South America.
(4) The EMEA segment includes the results of operations in Europe, the Middle East and Africa.
(5) The APAC segment includes the results of operations in the Asia-Pacific region, including Asia and Oceania.
(6) For purposes of the above table, Abercrombie includes Abercrombie & Fitch and abercrombie kids.
(7) For purposes of the above table, Hollister includes Hollister and Gilly Hicks.

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