Quarterly ResultJun 5, 2026, 04:42 PM
Abercrombie & Fitch Q1 Sales Rise 1.5% to $1.11B; Net Income Falls
AI Summary
Abercrombie & Fitch Co. reported its first-quarter results, with net sales increasing by 1.5% to $1.114 billion. However, net income attributable to the company decreased to $67.134 million, or $1.47 per diluted share, compared to $80.413 million, or $1.59 per diluted share, in the same period last year. Operating income also saw a decline. The company's balance sheet shows a decrease in cash and equivalents and total assets, while current liabilities were reduced. Operating cash flow improved significantly year-over-year.
Key Highlights
- Net sales increased to $1.114 billion for the thirteen weeks ended May 2, 2026, up from $1.097 billion in the prior year.
- Net income attributable to A&F decreased to $67.134 million ($1.47 per diluted share) from $80.413 million ($1.59 per diluted share) year-over-year.
- Operating income decreased to $88.797 million from $101.533 million.
- Total assets were $3.453 billion as of May 2, 2026, down from $3.542 billion as of January 31, 2026.
- Total current liabilities decreased to $977.118 million from $1.106 billion.
- Cash and equivalents decreased to $594.080 million from $759.540 million.
- Share-based compensation expense was $12.075 million for the thirteen weeks ended May 2, 2026, up from $10.591 million in the prior year.
- Net cash provided by operating activities was $44.256 million for the thirteen weeks ended May 2, 2026, compared to a use of $4.000 million in the prior year.
Price Impact
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