Q3 2025 Abercrombie & Fitch Co Earnings Call Transcript
Key Points
- Abercrombie & Fitch Co (ANF) reported its 12th consecutive quarter of growth, with sales up 7% to a record $1.3 billion.
- The company exceeded its earnings per share expectations, delivering $2.36 for the third quarter.
- Hollister brand saw exceptional growth with a 16% increase in net sales and a 15% rise in comparable sales.
- Abercrombie & Fitch Co (ANF) repurchased $100 million worth of shares in the quarter, totaling $350 million year-to-date.
- The company is making significant investments in digital technology and AI to enhance customer experience and operational efficiency.
- Net sales in the AIPAC region declined by 6%, with comparable sales down 12%.
- Abercrombie brands experienced a 2% decline in net sales and a 7% drop in comparable sales.
- The company faced a 210 basis point adverse impact on gross margin due to tariffs.
- Operating income decreased to $155 million from $175 million last year, partly due to tariff expenses.
- The company anticipates a continued tariff impact of around $60 million in the fourth quarter, affecting gross margins.
Good day and welcome to the Abercrombie and Fitch 3rd quarter fiscal year 2025 earnings call. At this time, all participants are in listen-only mode. Later we will conduct the question-and-answer session. To ask a question, please press 11. If your question hasn't answered and you'd like to remove yourself from the queue, press 11 again. We ask that you limit yourself to one question and a follow-up.
Today's conference is being recorded. At this time, I would like to turn the conference over to Mo Gupta. Please go ahead.
Thank you. Good morning and welcome to our third quarter 2025 earnings call.
Joining me today on the call are Fran Horowitz, Chief Executive Officer, Scott Lapesky, Chief Operating Officer, and Robert Ball, Chief Financial Officer. Earlier this morning we issued our third 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.
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