Abercrombie & Fitch Co. reported record fourth quarter and full year fiscal 2025 results, with Q4 net sales of $1.67 billion (up 5%) and full year net sales of $5.27 billion (up 6%). The company provided fiscal 2026 guidance targeting net sales growth of 3% to 5% and operating margin of 12.0% to 12.5%.
Key takeaways
Fourth quarter net sales reached $1.67 billion, a 5% increase, with comparable sales up 1%.
Full year fiscal 2025 net sales were a record $5.27 billion, up 6%, with operating margin of 13.3%.
The company repurchased 5.4 million shares for $450 million in fiscal 2025, representing 11% of shares outstanding.
Hollister brand delivered record full year net sales growth of 15%, while Abercrombie brand sales declined 1%.
Fiscal 2026 outlook projects net sales growth of 3% to 5% and includes an estimated 70 basis point headwind from new tariffs.
Liquidity remained strong at approximately $1.2 billion as of January 31, 2026.