Q4 2025 Abercrombie & Fitch Co Earnings Call Transcript
Key Points
- Abercrombie & Fitch Co (ANF) reported record fourth-quarter net sales, driven by balanced growth across regions, brands, and channels.
- The company achieved a 5% net sales growth for the fourth quarter, with both Abercrombie and Hollister brands delivering record sales.
- Operating margin for the fourth quarter was 14.1%, despite facing 360 basis points of tariff pressure.
- Abercrombie & Fitch Co (ANF) returned $450 million to shareholders through share repurchases, representing 11% of shares outstanding at the beginning of 2025.
- The company maintained strong digital performance, with digital sales accounting for 44% of total sales and surpassing 1 billion visits across platforms for the first time.
- The company faced significant tariff expenses, impacting operating margins by 360 basis points in the fourth quarter.
- Abercrombie Brands experienced a 1% decline in comparable sales for the year, despite a return to growth in the fourth quarter.
- The company anticipates a temporary headwind of approximately 1 to 2 percentage points of growth for the first quarter of 2026 due to ERP implementation.
- Abercrombie & Fitch Co (ANF) is undertaking a strategic review of its APAC operations, indicating potential challenges in achieving desired returns in the region.
- The company expects a 290 basis point decline in operating margin for the first quarter of 2026 due to tariffs, partially offset by freight cost tailwinds.
Good day, and welcome to the Abercrombie & Fitch fourth-quarter fiscal year 2025 earnings call. Today's conference is being recorded. (Operator Instructions)
I would like now to turn the conference over to Mo Gupta, Vice President of Investor Relations. Please go ahead.
Thank you. Good morning, and welcome to our fourth-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 fourth-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 statements are subject to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 and are subject to risks and
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