Slides
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INVESTOR PRESENTATION: SECOND QUARTER 2026
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Safe Harbor and Other Information 3 Company Overview 5 Q2 2026 Results 12 Appendix 20 2 TABLE OF CONTENTS
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COMPANY OVERVIEW SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 This presentation and related statements by management or spokespeople of A&F contain forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). These statements, including, without limitation, statements regarding our 2026 third quarter and annual fiscal 2026 results, relate to our current assumptions, projections and expectations about our business and future events. Any such forward-looking statements involve risks and uncertainties and are subject to change based on various important factors, many of which may be beyond the company’s control. The inclusion of such information should not be regarded as a representation by the company, or any other person, that the objectives of the company will be achieved. Words such as “estimate,” “project,” “plan,” “goal,” “believe,” “expect,” “anticipate,” “intend,” “should,” “are confident,” “will,” “could,” “outlook,” and similar expressions may identify forward-looking statements. Except as may be required by applicable law, we assume no obligation to publicly update or revise any forward-looking statements, including any financial targets, estimates, or performance outlooks whether as a result of new information, future events, or otherwise. Factors that may cause results to differ from those expressed in our forward-looking statements include, but are not limited to, the factors disclosed in Part I, Item 1A. “Risk Factors” of the company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2026, and in our subsequent reports and filings with the Securities and Exchange Commission, as well as the following factors: risks and uncertainties related to global trade policy and international trade disputes, including the impact of the imposition, or threat of imposition of new or increased tariffs or modification of existing tariffs by the United States or foreign governments, including uncertainty regarding the timing and implementation of changes to existing tariff programs, as well as uncertainty regarding the availability, timing, and amount of potential tariff refunds or recoveries, or other changes to trade policies or arrangements; risks related to changes in global economic and financial conditions, including inflation, and resulting impacts on consumer confidence and spending, our operating results, and expense management; risks and uncertainty related to the effectiveness and optimization of recently implemented enterprise resource planning (“ERP”) systems, including the ability to realize expected benefits and manage post-implementation activities; risks related to global operations and supply chain, including political or climate-related conditions in the countries where we sell or source our products, and resulting impacts on transportation and freight costs ; risks related to the geopolitical landscape and ongoing armed conflicts, acts of terrorism, mass casualty events, social unrest, civil disturbance or disobedience, including regional conflicts in the Middle East, and the impact of such conflicts or events on international trade, consumer demand, supplier delivery, energy costs or freight costs; risks related to natural disasters and other unforeseen catastrophic events; risks related to our failure to engage our customers, anticipate customer demand, expectations, and changing fashion trends, and manage our inventory and product delivery; risks related to our failure to operate effectively in a highly competitive and constantly evolving industry; risks related to our ability to successfully invest in and execute on our customer, digital and omnichannel initiatives; risks related to our ability to successfully execute technology initiatives and partnerships, such as those relating to artificial intelligence technology; risks related to our ability to execute on, and maintain the success of, our strategic and growth initiatives, including risks related to the review of strategic alternatives for our APAC region or any future strategic reviews or initiatives; risks related to the effects of seasonal fluctuations on our sales and our performance during the back-to-school and holiday selling seasons; risks related to fluctuations in foreign currency exchange rates; risks related to fluctuations in our tax obligations and effective tax rate, including as a result of earnings and losses generated from our global operations, may result in volatility in our results of operations; risks and uncertainty related to adverse public health developments; risks related to cybersecurity threats and privacy or data security breaches, and the potential loss or disruption of our information technology systems; risks related to the continued validity of our trademarks and our ability to protect our intellectual property; risks associated with corporate responsibility, including those associated with climate change; risks related to reputational harm to the company, its officers, and directors; risks related to actual or threatened litigation; and uncertainties related to future legislation, regulatory reform, policy changes, or interpretive guidance on existing laws and regulations. OTHER INFORMATION As used in this presentation, references to “Americas” includes North America and South America, “EMEA” includes Europe, the Middle East and Africa and “APAC” includes the Asia- Pacific region, including Asia and Oceania. 3
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COMPANY OVERVIEW 4 REPORTING AND USE OF GAAP AND NON-GAAP MEASURES The following presentation includes certain adjusted non-GAAP financial measures. Additional details about non-GAAP financial measures and a reconciliation of GAAP financial measures to non-GAAP financial measures is included in the Appendix to this presentation. As used in the presentation, "GAAP" refers to accounting principles generally accepted in the United States of America. Sub-totals and totals may not foot due to rounding. Net income and net income per share financial measures included herein are attributable to Abercrombie & Fitch Co., excluding net income attributable to noncontrolling interests. The company believes that each of the non-GAAP financial measures presented are useful to investors as they provide a measure of the company’s operating performance excluding the effect of certain items which the company believes do not reflect its future operating outlook, therefore supplementing investors’ understanding of comparability of operations across periods. Management used these non-GAAP financial measures during the periods presented to assess the company’s performance and to develop expectations for future operating performance. Non-GAAP financial measures should be used supplementally to, and not as an alternative to, the company’s GAAP financial results, and may not be calculated in the same manner as similar measures presented by other companies. The company provides comparable sales, defined as the percentage year-over-year change in the aggregate of: (1) sales for stores that have been open as the same brand at least one year and whose square footage has not been expanded or reduced by more than 20% within the past year, with prior year’s net sales converted at the current year’s foreign currency exchange rate to remove the impact of foreign currency rate fluctuation, and (2) digital net sales with prior year’s net sales converted at the current year’s foreign currency exchange rate to remove the impact of foreign currency rate fluctuation. The company also provides certain financial information on a constant currency basis to enhance investors’ understanding of underlying business trends and operating performance, by removing the impact of foreign currency exchange rate fluctuations. The effect from foreign currency, calculated on a constant currency basis, is determined by applying current year average exchange rates to prior year results and is net of the year-over-year impact from hedging. The per diluted share effect from foreign currency is calculated using a 26% tax rate. In addition, the company provides EBITDA and adjusted EBITDA as supplemental measures used by the company’s executive management to assess the company’s performance. We also believe these supplemental performance measures are meaningful information for investors and other interested parties to use in computing the company’s core financial performance over multiple periods and with other companies by excluding the impact of differences in tax jurisdictions, debt service levels and capital investment.
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5 Abercrombie & Fitch Co. is a global, digitally-led, omnichannel apparel and accessories retailer catering to kids through millennials with assortments curated for their specific lifestyle needs Our corporate purpose of 'We are here for you on the journey to being and becoming who you are' fuels our customer-led brands and our global associates
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COMPANY OVERVIEW 6 OUR GLOBAL LIFESTYLE BRANDS
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$1.29B $1.56B $1.73B $2.20B $2.56B $2.52B FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 60% 40% 7 315 STORES DIGITAL 14% GROWTH CAGR NET SALES BY CHANNEL (FY 2025) POST GRAD LOVES TO TRAVEL FASHION OBSESSED DIGITALLY-LED ~ OWNED STORES ~ GLOBAL NET SALES 37 FRANCHISE STORES GLOBAL STORE FLEET (Q2 2026)
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24 531 OWNED STORES FRANCHISE STORES GLOBAL STORE FLEET (Q2 2026) $1.83B $2.15B $1.96B $2.08B $2.39B $2.74B FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 GLOBAL NET SALES NET SALES BY CHANNEL (FY 2025) 30% 70% STORES DIGITAL COMING INTO THEIR OWN COMFORT OBSESSED VALUE VERSATILITY FINANCIALLY RELIANT ~ ~ 8 8% GROWTH CAGR
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COMPANY OVERVIEW OUR FOUNDATION 9 Built on a decade of transformation, and strengthening as we grow: • Healthy, customer-driven brands with distinct and large addressable markets; • Successful, regionally relevant brand playbooks, designed to attract, engage, retain, and scale long-term customer relationships; • Significant global growth opportunity leveraging leading capabilities in owned and operated channels, while pursuing new markets via franchise, wholesale, and licensing partnerships; • A strong omnichannel base, with a clean, highly profitable, and expanding store fleet, enhanced by a leading digital platform; • An agile “Read & React” inventory model to support customer demand and sustainable margins; • A durable balance sheet and consistent free cash flow profile, underpinned by a disciplined investment philosophy to maximize long-term value; • And, a strong culture driven by a winning, customer-obsessed team.
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COMPANY OVERVIEW GLOBAL GROWTH PRIORITIES EXPANDING CUSTOMER-DRIVEN PATHS TO CAPTURE SIGNIFICANT ADDRESSABLE MARKETS 1010 MARKETS MULTI-MODEL GEOGRAPHIC EXPANSION • Scale Owned & Operated markets with store, digital expansion • Franchising / JV / License models for new & developing markets MULTI-POINT DISTRIBUTION • Wholesale, licensing and partnerships to access new customers LIFESTYLE-DRIVEN ASSORTMENT • Head-to-toe dressing to retain customer relationships • Customer-specific non-apparel product needs FRANCHISE ANIMA LOS CABOS, MEXICO OPENED DEC 2025 PONDOK INDAH INDONESIA OPENED MAR 2026 PRESCRIPTION EYEWEAR & SUNGLASSES OWNED NFLSHOP.COM A&F KIDS & MACY'S HOLLISTER X TARGET HOLLISTER DORM BEDDING (TARGET) AVAILABLE ON HOLLISTERCO.COM FOOTWEAR FRANCHISEOWNED BROADWAY, SOHO NYC, USA OPENED JUN 2026 LAKESIDE LONDON, UK OPENED JUL 2026 CHANNELS CATEGORIES
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COMPANY OVERVIEW GROWING TRACK RECORD OF STRONG RESULTS CONSISTENT, PROFITABLE GROWTH Net Sales (in $ billions) Operating Income (in $ millions) OP MARGIN Y/Y GROWTH $4.3 $4.9 $5.3 2023 2024 2025 2026 16% 16% $485 $741 $699 2023 2024 2025 2026 11% 15% 11 6% Net Income Per Diluted Share Share Repurchases (in $ millions) $6.22 $10.69 $10.46 2023 2024 2025 2026 $— $230 $450 2023 2024 2025 2026 13% 15 Consecutive Quarters of Net Sales Growth 3 Consecutive Years Double-Digit Operating Margin Back to Back EPS Above $10 Per Share Total 7 Million Shares Repurchased Last 2 Years EXPECT IN THE RANGE OF $13.10 TO $13.60 (1) EXPECT 14.5% TO 15.0% MARGIN (1) EXPECT AROUND 5% GROWTH EXPECT AT LEAST $500 MILLION (1) Includes favorable International Emergency Economic Powers Act (“IEEPA”) tariff refund impact of $120 million on pre-tax basis in operating income, and $2.10 estimated impact on net income per diluted share. Refer to Tariff Impact History and Fiscal 2026 Outlook slides included in this presentation for more details.
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OPERATING MARGIN (1) NET INCOME PER DILUTED SHARE (1) GLOBAL SALES GROWTH FINANCIAL DISCIPLINE ABOVE OUTLOOK OF $1.80-$2.00 19.9% $4.17 Fran Horowitz, CEO Abercrombie & Fitch Co. 12 2026 +5%Y/Y NET SALES ABOVE OUTLOOK OF AROUND 10% $1.3B AMERICAS +5%Y/Y EMEA +2%Y/Y APAC +19%Y/Y Q2 UPDATE +8%Y/ Y +2%Y/ Y "We delivered record second quarter net sales and our 15th consecutive quarter of growth, reflecting our teams’ continued focus on serving customers with compelling product, marketing, and experiences." (1) Includes favorable IEEPA tariff refund impact of $100 million on pre-tax basis in operating income, and $1.75 estimated beneficial impact on net income per diluted share. Refer to earnings release for more information.
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2026 Q2 RESULTS $37 $39 $44 $47 $44 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 $974 $1,057 $1,384 $900 $1,021 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 $197 $195 $241 $167 $202 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 1313 Americas Net Sales (in $ millions) EMEA Net Sales (in $ millions) APAC Net Sales (in $ millions) (1) Comparable sales are calculated on a constant currency basis. Refer to "Reporting and Use of GAAP and Non-GAAP Measures" for further information. 2026 Q2 NET SALES RESULTS BY SEGMENT QUARTERLY NET SALES GROWTH QUARTERLY COMPARABLE SALES GROWTH(1) 8% 7% 5% 3% 5% 7%(1)% 8% (10)% 2% 12% 9%(6)% 24% 19% 5% 4% 2% 1% 1% (5)% 2% (3)% (11)% (4)% 1% (12)% —% 15% 13% +19% Y/Y +5% Y/Y +2% Y/Y
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2026 Q2 RESULTS $657 $673 $863 $549 $670 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 $1,209 $1,291 $1,670 $1,114 $1,267 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 $552 $617 $807 $565 $597 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 1414 Total Company Net Sales (in $ millions) Abercrombie Brands Net Sales (in $ millions) Hollister Net Sales (in $ millions) (1) Comparable sales are calculated on a constant currency basis. Refer to "Reporting and Use of GAAP and Non-GAAP Measures" for further discussion. 2026 Q2 NET SALES RESULTS BY BRAND QUARTERLY NET SALES GROWTH QUARTERLY COMPARABLE SALES GROWTH(1) 7% 7% 5% 2% 5% (5)% (2)% 4% 3% 8% 19% 16% 6% —% 2% 3% 3% 1% (1)% —% (11)% (7)% (1)% —% 4% 19% 15% 3% (2)% (3)% +5% Y/Y +8% Y/Y +2% Y/Y
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2026 Q2 RESULTS • Q2 EPS above outlook range in excess of estimated $1.75 impact of IEEPA tariff refunds from other operating income improvement, reduction in weighted-average shares outstanding • Q2 EPS increase from Q2 2025 adjusted EPS of $2.32 driven by IEEPA tariff refunds and accrued interest, reduction in weighted-average shares outstanding $2.91 $2.36 $3.68 $1.47 $4.17 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 $207 $155 $236 $89 $253 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Net Income per Diluted ShareOperating Income (in $ millions) • Operating margin above outlook in excess of $100 million IEEPA tariff refund from favorable gross margin on higher AUR and operating leverage from higher sales • Operating margin increase from Q2 2025 adjusted operating margin of 13.9% driven by IEEPA tariff refunds, partially offset by year-over -year tariff expense increases and operating expense investment in stores, marketing, and payroll and inventive compensation 2026 Q2 OPERATING INCOME/ NET INCOME PER DILUTED SHARE OPERATING MARGIN 14.1% 8.0%12.0% 19.9%17.1% 15 $2.32 ADJUSTED NET INCOME PER DILUTED SHARE (1) ADJUSTED OPERATING MARGIN (1) 13.9% (1) Refer to Reconciliation of GAAP to Non-GAAP results in the Appendix for further details.
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2026 Q2 RESULTS 2026 Q2 APPROXIMATE U.S. TARIFF IMPACT QUARTERLY HISTORY 16 FY 2025 FY 2026 TOTAL TARIFF EXPENSE (BENEFIT) (APPROXIMATE, $ MILLIONS) Q1 Q2 Q3 Q4 FY Q1 Q2 TARIFF EXPENSE (BENEFIT) (1) $— $5 $25 $60 $90 $20 $15 IEEPA TARIFF REFUND (2) $— $— $— $— $— $— $(100) TOTAL TARIFF IMPACT ($ MILLIONS) (3) $— $5 $25 $60 $90 $20 $(85) YEAR OVER YEAR TARIFF EXPENSE (BENEFIT) (APPROXIMATE, $ MILLIONS) Q1 Q2 Q3 Q4 FY Q1 Q2 TARIFF EXPENSE (BENEFIT) (1) $— $5 $25 $60 $90 $20 $10 IEEPA TARIFF REFUND (2) $— $— $— $— $— $— $(100) TOTAL YEAR OVER YEAR TARIFF IMPACT ($ MILLIONS) (3) $— $5 $25 $60 $90 $20 $(90) YEAR OVER YEAR PERCENT OF PERIOD SALES (APPROXIMATE, BASIS POINTS) Q1 Q2 Q3 Q4 FY Q1 Q2 TARIFF EXPENSE (BENEFIT) — bps 40 bps 210 bps 370 bps 170 bps 180 bps 100 bps IEEPA TARIFF REFUND — bps — bps — bps — bps — bps — bps (790) bps TOTAL YEAR OF YEAR TARIFF IMPACT (BASIS POINTS) — bps 40 bps 210 bps 370 bps 170 bps 180 bps (690) bps (1) Reflects the estimated impact, net of mitigation efforts, of then-effective tariff rates on all goods imported into the United States and sold, for the period. Includes IEEPA, Section 122, and Section 301 tariffs. (2) Reflects the impact of IEEPA tariff refunds, excluding accrued interest. (3) The combined estimated impact of the tariff expense and IEEPA tariff refunds is included in the Company’s fiscal 2026 outlook, including operating margin and net income per diluted share. Refer to outlook section for further detail. Separately, for the second quarter of 2026, we estimate IEEPA tariff refunds of approximately $100 million had a beneficial impact of $1.75 on net income per diluted share.
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2026 Q2 RESULTS CASH & EQUIVALENTS • $628M as compared to $573M last year MARKETABLE SECURITIES • Current investments of $10M, compared to $25M at January 31st, 2026 INVENTORIES • $592M, around flat to last year • Units up low single digits SHORT-TERM BORROWINGS • No borrowings outstanding under the company's senior secured revolving credit facility ("ABL Facility") • $450M of borrowing available under ABL Facility as of August 1, 2026 TOTAL LIQUIDITY (1) • $1.1B as compared to $1.0B last year $573M $606M $760M $594M $628M Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 (1) Liquidity is comprised of cash and equivalents and borrowing available under the ABL Facility. 17 Cash and Equivalents 2026 Q2 FINANCIAL POSITION Inventory $593M $730M $601M $533M $592M Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
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APPENDIX2026 Q2 RESULTS SHARE REPURCHASES (1) (in thousands, except for average cost) NUMBER OF SHARES AVERAGE COST TOTAL COST (2) ENDING SHARES OUTSTANDING FY 2021 10,200 $37 $377,290 52,985 FY 2022 4,770 $26 $125,775 49,002 FY 2023 — $— $— 50,500 FY 2024 1,616 $142 $229,807 49,735 FY 2025 5,366 $84 $449,919 45,005 YTD 2026 3,171 $89 $282,269 42,434 18 (1) As part of publicly announced plans or programs. (2) Excludes commissions and excise tax. SHARE REPURCHASES Since the start of 2021, the Company has repurchased approximately 25 million shares for approximately $1.5 billion. The Company has $568 million remaining under its current share repurchase authorization, announced in March 2025.
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2026 Q2 RESULTS 19 2026 FISCAL OUTLOOK PREVIOUS FULL YEAR OUTLOOK (1) The following outlook replaces all previous full year guidance. For fiscal 2026, the company now expects: FY 2026 CURRENT FULL YEAR OUTLOOK PREVIOUS FULL YEAR OUTLOOK (1) NET SALES GROWTH AROUND 5% GROWTH IN THE RANGE OF 3% TO 5% IEEPA TARIFF REFUND IMPACT (BPS) (2) FAVORABILITY OF AROUND 220 BPS NONE ASSUMED OPERATING MARGIN (2) (3) IN THE RANGE OF 14.5% TO 15.0% IN THE RANGE OF 12.0% TO 12.5% EFFECTIVE TAX RATE (4) AROUND 29% AROUND 30% NET INCOME PER DILUTED SHARE (2) (3) (5) IN THE RANGE OF $13.10 TO $13.60 IN THE RANGE OF $10.20 TO $11.00 SHARE REPURCHASES (6) AT LEAST $500 MILLION AROUND $450 MILLION DILUTED WEIGHTED AVERAGE SHARES (5) (6) AROUND 44 MILLION AROUND 44 MILLION CAPITAL EXPENDITURES AROUND $250 MILLION AROUND $225 MILLION REAL ESTATE ACTIVITY (7) (ALL APPROXIMATE) ~30 NET STORE OPENINGS ~30 NET STORE OPENINGS 50 OPENINGS, 20 CLOSURES 50 OPENINGS, 20 CLOSURES 80 REMODELS AND RIGHT-SIZES 80 REMODELS AND RIGHT-SIZES Q3 2026 Q3 OUTLOOK NET SALES GROWTH IN THE RANGE OF 5% TO 6% IEEPA TARIFF REFUND IMPACT (BPS) (2) FAVORABILITY OF AROUND 160 BPS OPERATING MARGIN (2) (3) IN THE RANGE OF 13.0% TO 14.0% EFFECTIVE TAX RATE (4) AROUND 29% NET INCOME PER DILUTED SHARE (2) (3) (5) IN THE RANGE OF $2.90 TO $3.20 SHARE REPURCHASES (6) AT LEAST $100 MILLION DILUTED WEIGHTED AVERAGE SHARES (5) (6) AROUND 43 MILLION (1) Released May 27, 2026. (2) Reflects estimated International Emergency Economic Powers Act (“IEEPA”) tariff refunds of $20 million and $120 million in third quarter and full year fiscal 2026, respectively. Estimate excludes the assumed impact of accrued interest paid on tariff refunds. The company also estimates third quarter and full year 2026 impact of tariff refunds on net income per diluted share, inclusive of interest, to be $0.35 and $2.10, respectively. (3) Reflects the estimated impact, net of planned mitigation efforts, of an effective 10% to 12.5% tariff rate on all goods imported into the United States for the remainder of fiscal 2026, updated from a 15% effective rate in the Previous Full Year Outlook. The combined estimated impact of the tariff expense and IEEPA tariff refunds is reflected in the Company’s current fiscal 2026 outlook, including operating margin and net income per diluted share. (4) The current outlook for effective tax rate is sensitive to the jurisdictional mix and level of income and does not include the impact of potential future tax policy or legislative changes. (5) The current outlook for net income per diluted share and diluted weighted average shares includes the anticipated impact to shares outstanding from potential share repurchase activity in fiscal 2026. (6) The timing and amount of any such repurchases will be determined based on an evaluation of market conditions, the company’s share price, legal requirements, and other factors. (7) Owned-and-operated stores only.
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20 APPENDIX
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APPENDIX 21 Americas EMEA APAC NET SALES GROWTH Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY 2026 3% 5% (10)% 2% 24% 19% 2025 7% 8% 7% 5% 7% 12% (1)% 7% 8% 6% 5% 12% (6)% 9% 5% 2024 23% 23% 14% 11% 17% 19% 16% 15% 2% 12% 10% 3% 32% (4)% 9% Americas EMEA APAC COMPARABLE SALES GROWTH (1) Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY 2026 1% 1% (11)% (4)% 15% 13% 2025 4% 5% 4% 2% 4% 6% (5)% 2% (3)% —% 2% 1% (12)% —% (3)% 2024 21% 18% 16% 15% 17% 23% 17% 13% 12% 16% 22% 21% 16% 17% 19% 2026 Q2 NET SALES GROWTH AND COMPARABLE SALES GROWTH HISTORY BY REGION (1) Comparable sales are calculated on a constant currency basis. Refer to "Reporting and Use of GAAP and Non-GAAP Measures" for further discussion.
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APPENDIX 22 (1) Comparable sales are calculated on a constant currency basis. Refer to "Reporting and Use of GAAP and Non-GAAP Measures" for further discussion. Total Abercrombie Brands Hollister NET SALES GROWTH Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY 2026 2% 5% 3% 8% —% 2% 2025 8% 7% 7% 5% 6% (4)% (5)% (2)% 4% (1)% 22% 19% 16% 6% 15% 2024 22% 21% 14% 9% 16% 31% 26% 15% 2% 16% 12% 17% 14% 16% 15% 2023 3% 16% 20% 21% 16% 14% 26% 30% 35% 27% (7)% 8% 11% 9% 6% 2022 4% (7)% (3)% 3% —% 13% 5% 10% 14% 11% (3)% (15)% (12)% (4)% (9)% 2021 61% 24% 10% 4% 19% 60% 30% 12% 6% 21% 62% 20% 10% 2% 17% 2020 (34)% (17)% (5)% (5)% (14)% (30)% (20)% (2)% (2)% (12)% (36)% (15)% (7)% (8)% (15)% Total Abercrombie Brands Hollister COMPARABLE SALES GROWTH (1) Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY 2026 (1)% —% —% 4% (2)% (3)% 2025 4% 3% 3% 1% 3% (10)% (11)% (7)% (1)% (7)% 23% 19% 15% 3% 13% 2024 21% 18% 16% 14% 17% 29% 21% 11% 5% 15% 13% 15% 21% 24% 19% 2026 Q2 NET SALES GROWTH AND COMPARABLE SALES GROWTH HISTORY BY BRAND
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APPENDIX BRAND FY 2024 FY 2025 FY 2026 OWNED AND OPERATED Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 ABERCROMBIE BRANDS 246 255 267 278 281 292 304 306 309 315 HOLLISTER 507 502 506 511 512 515 523 523 525 531 TOTAL OWNED AND OPERATED STORES 753 757 773 789 793 807 827 829 834 846 FRANCHISE Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 ABERCROMBIE BRANDS 22 22 27 29 31 32 34 37 38 37 HOLLISTER 18 18 19 20 21 22 23 23 24 24 TOTAL FRANCHISE STORES 40 40 46 49 52 54 57 60 62 61 TOTAL Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 TOTAL STORES 793 797 819 838 845 861 884 889 896 907 — — 23 2026 Q2 STORE COUNT - BRAND
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APPENDIX REGION FY 2024 FY 2025 FY 2026 OWNED AND OPERATED Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 AMERICAS 572 577 589 600 605 614 630 635 639 651 EMEA 134 133 133 133 133 135 139 137 139 141 APAC 47 47 51 56 55 58 58 57 56 54 TOTAL OWNED AND OPERATED STORES 753 757 773 789 793 807 827 829 834 846 FRANCHISE Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 AMERICAS 23 23 24 26 28 28 29 30 31 28 EMEA 17 17 17 18 19 19 19 19 19 19 APAC — — 5 5 5 7 9 11 12 14 TOTAL FRANCHISE STORES 40 40 46 49 52 54 57 60 62 61 TOTAL Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 TOTAL STORES 793 797 819 838 845 861 884 889 896 907 — — 24 2026 Q2 STORE COUNT - REGION
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APPENDIX 2026 Q2 INCOME STATEMENT (1) Exclusive of depreciation and amortization. Thirteen Weeks Ended GAAP (in thousands) Q2 2026 % OF NET SALES Q2 2025 % OF NET SALES NET SALES $1,266,689 100.0% $1,208,560 100.0% COST OF SALES (1) 366,109 28.9% 451,590 37.4% OPERATING EXPENSE 648,826 51.2% 550,681 45.6% OTHER OPERATING INCOME, NET (946) (0.1)% (369) 0.0% OPERATING INCOME 252,700 19.9% 206,658 17.1% INTEREST INCOME, NET (7,591) (0.6)% (2,474) (0.2)% INCOME BEFORE INCOME TAXES 260,291 20.5% 209,132 17.3% INCOME TAX EXPENSE 74,752 5.9% 65,744 5.4% NET INCOME $185,539 14.6% $143,388 11.9% LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS $1,819 0.1% $2,005 0.2% NET INCOME PER SHARE ATTRIBUTABLE TO A&F $183,720 14.5% $141,383 11.7% BASIC $4.20 $2.97 DILUTED $4.17 $2.91 WEIGHTED-AVERAGE SHARES BASIC 43,767 47,550 DILUTED 44,051 48,551 25
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APPENDIX 2026 YTD INCOME STATEMENT (1) Exclusive of depreciation and amortization. Twenty-Six Weeks Ended GAAP (in thousands) YTD 2026 % OF NET SALES YTD 2025 % OF NET SALES NET SALES $2,380,510 100.0% $2,305,871 100.0% COST OF SALES (1) 779,947 32.8% 868,723 37.7% OPERATING EXPENSE 1,262,775 53.0% 1,125,543 48.8% OTHER OPERATING INCOME, NET (3,709) (0.2)% 3,414 0.1% OPERATING INCOME 341,497 14.3% 308,191 13.4% INTEREST INCOME, NET (12,878) (0.5)% (9,257) (0.4)% INCOME BEFORE INCOME TAXES 354,375 14.9% 317,448 13.8% INCOME TAX EXPENSE 100,717 4.2% 92,321 4.0% NET INCOME $253,658 10.7% $225,127 9.8% LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS $2,804 0.1% 3,331 0.1% NET INCOME PER SHARE ATTRIBUTABLE TO A&F $250,854 10.5% $221,796 9.6% BASIC $5.65 $4.58 DILUTED $5.59 $4.47 WEIGHTED-AVERAGE SHARES BASIC 44,368 48,382 DILUTED 44,864 49,592 26
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APPENDIX BALANCE SHEET (in thousands) AUGUST 1, 2026 JANUARY 31, 2026 AUGUST 2, 2025 CASH AND EQUIVALENTS $627,716 $759,540 $572,730 MARKETABLE SECURITIES 10,283 25,036 30,795 RECEIVABLES 190,347 146,757 174,000 INVENTORIES 591,662 601,218 592,966 OTHER CURRENT ASSETS 125,670 117,913 118,624 TOTAL CURRENT ASSETS $1,545,678 $1,650,464 $1,489,115 PROPERTY AND EQUIPMENT, NET 708,576 674,079 638,590 OPERATING LEASE RIGHT-OF-USE ASSETS 1,107,421 997,399 933,559 OTHER ASSETS 233,181 219,932 240,677 TOTAL ASSETS $3,594,856 $3,541,874 $3,301,941 ACCOUNTS PAYABLE $354,209 $377,465 $368,051 ACCRUED EXPENSES 443,364 465,549 429,616 SHORT-TERM PORTION OF OPERATING LEASE LIABILITIES 262,354 241,265 223,020 INCOME TAXES PAYABLE 38,871 21,721 17,354 TOTAL CURRENT LIABILITIES $1,098,798 $1,106,000 $1,038,041 LONG-TERM PORTION OF OPERATING LEASE LIABILITIES 1,025,086 926,830 876,461 OTHER LIABILITIES 101,310 88,633 80,235 TOTAL LONG-TERM LIABILITIES $1,126,396 $1,015,463 $956,696 TOTAL ABERCROMBIE & FITCH CO. STOCKHOLDERS EQUITY 1,354,521 1,403,895 1,292,255 NONCONTROLLING INTEREST 15,141 16,516 14,949 TOTAL STOCKHOLDERS' EQUITY $1,369,662 $1,420,411 $1,307,204 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $3,594,856 $3,541,874 $3,301,941 27
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APPENDIX YEAR TO DATE PERIOD ENDED (in thousands) AUGUST 1, 2026 AUGUST 2, 2025 NET CASH PROVIDED BY OPERATING ACTIVITIES $313,401 $112,893 PURCHASES OF MARKETABLE SECURITIES (19,600) — PROCEEDS FROM MATURITIES OF MARKETABLE SECURITIES 34,600 85,000 PURCHASES OF PROPERTY AND EQUIPMENT (129,357) (116,943) NET CASH USED FOR INVESTING ACTIVITIES $(114,357) $(31,943) PURCHASES OF COMMON STOCK (286,446) (251,223) ACQUISITION OF COMMON STOCK FOR TAX WITHHOLDING OBLIGATIONS (38,573) (34,830) OTHER FINANCING ACTIVITIES (4,797) (4,660) NET CASH USED FOR FINANCING ACTIVITIES $(329,816) $(290,713) EFFECT OF FOREIGN CURRENCY EXCHANGE RATES ON CASH (1,159) 9,700 NET DECREASE IN CASH AND EQUIVALENTS, AND RESTRICTED CASH AND EQUIVALENTS $(131,931) $(200,063) CASH AND EQUIVALENTS, AND RESTRICTED CASH AND EQUIVALENTS, BEGINNING OF PERIOD $766,916 $780,395 CASH AND EQUIVALENTS, AND RESTRICTED CASH AND EQUIVALENTS, END OF PERIOD $634,985 $580,332 STATEMENT OF CASH FLOWS 28
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APPENDIXAPPENDIX (in thousands) Q2 2025 GAAP (1) % OF NET SALES EXCLUDED ITEM (2) ADJUSTED NON-GAAP % OF NET SALES LITIGATION SETTLEMENT $(38,574) $(38,574) OPERATING INCOME 206,658 17.1% 38,574 168,084 13.9% INCOME BEFORE INCOME TAXES 209,132 17.3% 38,574 170,558 14.1% INCOME TAX EXPENSE (3) 65,744 5.4% 9,949 55,795 4.6% NET INCOME ATTRIBUTABLE TO A&F 141,383 11.7% 28,625 $112,758 9.3% NET INCOME PER DILUTED SHARE ATTRIBUTABLE TO A&F $2.91 $0.59 $2.32 DILUTED WEIGHTED-AVERAGE SHARES OUTSTANDING 48,551 48,551 RECONCILIATION OF GAAP TO NON-GAAP RESULTS STATEMENT OF OPERATIONS (1) “GAAP” refers to accounting principles generally accepted in the United States of America. (2) Excluded item consists of a favorable settlement, net of legal fees, of payment card interchange fee litigation (3) The tax effect of excluded items is the difference between the tax provision calculated on a GAAP basis and an adjusted non-GAAP basis. 29
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APPENDIX RECONCILIATION OF GAAP TO NON-GAAP RESULTS (1) “GAAP” refers to accounting principles generally accepted in the United States of America. (2) Excluded item consists of a favorable settlement, net of legal fees, of payment card interchange fee litigation (3) The tax effect of excluded items is the difference between the tax provision calculated on a GAAP basis and an adjusted non-GAAP basis. (in thousands) YTD 2025 GAAP (1) % OF NET SALES EXCLUDED ITEM (2) ADJUSTED NON-GAAP % OF NET SALES LITIGATION SETTLEMENT $(38,574) $(38,574) OPERATING INCOME 308,191 13.4% 38,574 269,617 11.7% INCOME BEFORE INCOME TAXES 317,448 13.8% 38,574 278,874 12.1% INCOME TAX EXPENSE (3) 92,321 4.0% 9,949 82,372 3.6% NET INCOME ATTRIBUTABLE TO A&F 221,796 9.6% 28,625 $193,171 8.4% NET INCOME PER DILUTED SHARE ATTRIBUTABLE TO A&F $4.47 $0.58 $3.90 DILUTED WEIGHTED-AVERAGE SHARES OUTSTANDING 49,592 49,592 30 STATEMENT OF OPERATIONS
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APPENDIXAPPENDIX RECONCILIATION OF GAAP TO NON-GAAP RESULTS NET SALES Q2 2026 Q2 2025 Δ % GAAP (1) $1,266,689 $1,208,560 5% IMPACT FROM CHANGES IN FOREIGN CURRENCY EXCHANGE RATES (2) — (223) —% NON-GAAP CONSTANT CURRENCY BASIS $1,266,689 $1,208,337 5% OPERATING INCOME Q2 2026 Q2 2025 Δ BPS (4) GAAP (1) $252,700 $206,658 280 EXCLUDED ITEM (3) — 38,574 (320) ADJUSTED NON-GAAP $252,700 $168,084 600 IMPACT FROM CHANGES IN FOREIGN CURRENCY EXCHANGE RATES (2) — 787 (10) NON-GAAP CONSTANT CURRENCY BASIS $252,700 $168,871 590 NET INCOME PER DILUTED SHARE Q2 2026 Q2 2025 Δ $ GAAP (1) $4.17 $2.91 $1.26 EXCLUDED ITEMS, NET OF TAX (3) — 0.59 $(0.59) ADJUSTED NON-GAAP $4.17 $2.32 $1.85 IMPACT FROM CHANGES IN FOREIGN CURRENCY EXCHANGE RATES (2) — 0.01 (0.01) NON-GAAP CONSTANT CURRENCY BASIS $4.17 $2.33 $1.84 (1) “GAAP” refers to accounting principles generally accepted in the United States of America. (2) The impact from foreign currency is determined by applying current period exchange rates to prior year results and is net of the year-over-year impact from hedging. The per diluted share impact from foreign currency is calculated using a 26% tax rate. (3) Excluded item consists of a favorable settlement, net of legal fees, of payment card interchange fee litigation. (4) The estimated basis point impact has been rounded based on the percentage change. 31 STATEMENT OF OPERATIONS