Q2 2025 Abercrombie & Fitch Co Earnings Call Transcript
Key Points
- Abercrombie & Fitch Co (ANF) delivered its 11th consecutive quarter of growth, exceeding top and bottom line expectations.
- Second quarter net sales reached a record $1.2 billion, growing 7% over the previous year.
- Hollister Brands delivered record first half sales, with net sales growing 19% in the second quarter.
- The company repurchased $50 million of stock in the quarter, totaling $250 million in repurchases for the year.
- Abercrombie & Fitch Co (ANF) announced a partnership with the NFL as an official fashion partner, enhancing brand visibility.
- Abercrombie Brands' net sales declined by 5% due to lower average unit retail (AUR) and carryover inventory issues.
- EMEA region experienced a 1% decline in net sales, with softness in Germany and other European markets.
- The company faces a $90 million cost impact from tariffs for 2025, affecting operating margins.
- Operating margin for the third quarter is expected to decline due to tariff impacts and increased marketing investments.
- Abercrombie & Fitch Co (ANF) experienced a 230 basis point decline in gross margin in Q2, partly due to tariffs and carryover inventory.
Good day, and thank you for standing by. Welcome to the Abercrombie & Fitch second quarter fiscal year 2025 earnings conference call. (Operator Instructions) Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your speaker today, Mr. Mo Gupta. You may begin.
Thank you. Good morning, and welcome to our second quarter 2025 earnings call. Joining me today on the call are Fran Horowitz, Chief Executive Officer; Scott Lipesky, Chief Operating Officer; and Robert Ball, Chief Financial Officer.
Earlier this morning, we issued our second quarter earnings release, which is available on our website at corporate.abercrombie.com under the Investors section. Also, available on our website is an investor presentation.
Please keep in mind that we will make certain forward-looking statements on the call. These subjects are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are
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