Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €77.20, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Specialty Retail industry in Germany. Total returns to shareholders of 128% over the past three years. Announcement • May 28
Abercrombie & Fitch Co. Provides Earnings Guidance for the Second Quarter of Fiscal 2026 and Maintains Earnings Guidance for the Full Year Fiscal 2026 Abercrombie & Fitch Co. provided earnings guidance for the second quarter of fiscal 2026 and maintained full year fiscal 2026. For the second quarter of fiscal 2026, the company expects net sales growth of 2% to 4% to the Second Quarter 2025 level of $1.2 billion and net income per diluted share in the range of $1.80 to $2. Operating margin to be Around 10.0%.
For the full year of fiscal 2026, the company expects net sales growth of 3% to 5% from $5.27 billion in 2025 and earnings per diluted share in the range of $10.20 to $11.00. Operating margin to be In the Range of 12.0% to 12.5%. Reported Earnings • May 27
First quarter 2027 earnings released: EPS: US$1.49 (vs US$1.63 in 1Q 2026) First quarter 2027 results: EPS: US$1.49 (down from US$1.63 in 1Q 2026). Revenue: US$1.11b (up 1.5% from 1Q 2026). Net income: US$67.1m (down 17% from 1Q 2026). Profit margin: 6.0% (down from 7.3% in 1Q 2026). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 02
Abercrombie & Fitch Co. to Report Q1, 2027 Results on May 27, 2026 Abercrombie & Fitch Co. announced that they will report Q1, 2027 results at 7:30 AM, US Eastern Standard Time on May 27, 2026 Announcement • Apr 22
Abercrombie & Fitch Co., Annual General Meeting, Jun 03, 2026 Abercrombie & Fitch Co., Annual General Meeting, Jun 03, 2026. Announcement • Mar 05
Abercrombie & Fitch Co. Provides Earnings Guidance for the First Quarter Fiscal 2026 and Full Year Fiscal 2026 Abercrombie & Fitch Co. provided earnings guidance for the first quarter fiscal 2026 and full year fiscal 2026. For the first quarter of fiscal 2026, the company expects net sales growth of 1% to 3% and net income per diluted share in the range of $1.20 to $1.30. Operating margin to be Around 7.0%.
For the full year of fiscal 2026, the company expects net sales growth of 3% to 5% and net income per diluted share in the range of $10.20 to $11.00. Operating margin to be In the Range of 12.0% to 12.5%. Announcement • Feb 11
Abercrombie & Fitch Co. Announces Its A Division Abercrombie Kids Launches Baby & Toddler Collection, Expanding Its Offerings to Include Newborn to 5T Sizes Abercrombie & Fitch Co. announced its division abercrombie kids announced that it is expanding its size offerings with the launch of its new Baby & Toddler Collection. The introduction marks the brand's first expansion into baby and toddler apparel, with sizes ranging from newborn to 5T, allowing families to dress their children in abercrombie styles from their earliest moments. Designed for everyday wear, playtime, special events and everything in between, the Baby & Toddler Collection brings Abercrombie & Fitch's signature approach to children's clothing to the earliest stages of life. The assortment features soft, durable fabrics, versatile silhouettes and classic detailing intended to support comfort and ease of movement. With the addition of newborn, baby and toddler sizing, abercrombie kids now offers apparel across every stage of childhood, creating a single, trusted destination for families. Announcement • Feb 06
Abercrombie & Fitch Co. to Report Q4, 2026 Results on Mar 04, 2026 Abercrombie & Fitch Co. announced that they will report Q4, 2026 results at 7:30 AM, US Eastern Standard Time on Mar 04, 2026 Announcement • Dec 16
Abercrombie & Fitch Co. Promotes Robert J. Ball from Senior Vice President and Chief Financial Officer to Executive Vice President and Chief Financial Officer, Effective December 11, 2025 On December 11, 2025 (the “Effective Date”), Abercrombie & Fitch Co. (the “Company”) promoted Robert J. Ball from Senior Vice President and Chief Financial Officer to Executive Vice President and Chief Financial Officer. Announcement • Oct 31
Abercrombie & Fitch Co. to Report Q3, 2026 Results on Nov 25, 2025 Abercrombie & Fitch Co. announced that they will report Q3, 2026 results at 7:30 AM, US Eastern Standard Time on Nov 25, 2025 Announcement • Aug 01
Abercrombie & Fitch Co. to Report Q2, 2026 Results on Aug 27, 2025 Abercrombie & Fitch Co. announced that they will report Q2, 2026 results at 7:30 AM, US Eastern Standard Time on Aug 27, 2025 Announcement • May 02
Abercrombie & Fitch Co. to Report Q1, 2026 Results on May 28, 2025 Abercrombie & Fitch Co. announced that they will report Q1, 2026 results at 7:30 AM, US Eastern Standard Time on May 28, 2025 Announcement • Apr 29
Abercrombie & Fitch Co., Annual General Meeting, Jun 11, 2025 Abercrombie & Fitch Co., Annual General Meeting, Jun 11, 2025. Announcement • Mar 07
Abercrombie & Fitch Co. (NYSE:ANF) announces an Equity Buyback for $1,300 million worth of its shares. Abercrombie & Fitch Co. (NYSE:ANF) announces a share repurchase program. Under the program, the company will repurchase up to $1,300 million worth of shares. Announcement • Mar 06
Abercrombie & Fitch Co. Provides Earnings Guidance for the First Quarter and Full Year of 2025 Abercrombie & Fitch Co. provided earnings guidance for the first quarter and full year of 2025. For the quarter, the company expects Net sales growth in the range of 4% to 6% and Net income per diluted share in the range of $1.25 to $1.45.
For the year, the company expects Net sales growth in the range of 3% to 5% and Net income per diluted share in the range of $10.40 to $11.40. Announcement • Feb 09
Abercrombie & Fitch Co. to Report Q4, 2025 Results on Mar 05, 2025 Abercrombie & Fitch Co. announced that they will report Q4, 2025 results at 7:30 AM, US Eastern Standard Time on Mar 05, 2025 Announcement • Jan 13
Abercrombie & Fitch Co. Updates Earnings Guidance for the Fourth Quarter and for Full Year of 2024 Abercrombie & Fitch Co. updates earnings guidance for the fourth quarter and for full year of 2024. For the quarter the company expects Net sales In the range of 7% to 8% against Previous Fourth Quarter Outlook In the range of 5% to 7%.
For the full year, company expects Net sales Around 15% against Previous Full Year Outlook In the range of 14% to 15%. Announcement • Oct 25
Abercrombie & Fitch Co. to Report Q3, 2025 Results on Nov 26, 2024 Abercrombie & Fitch Co. announced that they will report Q3, 2025 results at 7:30 AM, US Eastern Standard Time on Nov 26, 2024 Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €149, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 6x in the Specialty Retail industry in Germany. Total returns to shareholders of 356% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €246 per share. Recent Insider Transactions • Sep 05
Executive VP recently sold €1.2m worth of stock On the 30th of August, Scott Lipesky sold around 9k shares on-market at roughly €133 per share. This transaction amounted to 7.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Scott has been a net seller over the last 12 months, reducing personal holdings by €6.0m. Reported Earnings • Aug 29
Second quarter 2025 earnings released: EPS: US$2.60 (vs US$1.13 in 2Q 2024) Second quarter 2025 results: EPS: US$2.60 (up from US$1.13 in 2Q 2024). Revenue: US$1.13b (up 21% from 2Q 2024). Net income: US$133.2m (up 134% from 2Q 2024). Profit margin: 12% (up from 6.1% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 23
Abercrombie & Fitch Co. Announces Election of Andrew Clarke to Its Board of Directors Abercrombie & Fitch Co. announced the election of Andrew Clarke to its Board of Directors, effective August 21, 2024. Mr. Clarke, 51, is the Global President of Mars Snacking, a division of Mars, Incorporated. In this role, which he has held since 2018, Clarke is responsible for overseeing one of the world’s most iconic portfolio of snack brands, which represents a significant portion of Mars’ total business. He has more than 30 years in consumer-focused industries, with the last 24 years at Mars in roles of increasing responsibility. Clarke started with Mars in UK sales, before moving into various general management and regional roles across Europe and Latin America. He then took on a global role as Chief Customer and Marketing Officer before moving into his current position, which is based in Chicago. Clarke has spent more than nine years on the Mars leadership team and brings a true global perspective to his role. Clarke started his career at British retailer Marks & Spencer, spending four years there before joining Mars. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €145, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 6x in the Specialty Retail industry in Germany. Total returns to shareholders of 356% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €259 per share. Announcement • Aug 02
Abercrombie & Fitch Co. to Report Q2, 2025 Results on Aug 28, 2024 Abercrombie & Fitch Co. announced that they will report Q2, 2025 results at 7:30 AM, US Eastern Standard Time on Aug 28, 2024 Recent Insider Transactions • Jun 06
Executive VP recently sold €1.5m worth of stock On the 31st of May, Scott Lipesky sold around 9k shares on-market at roughly €163 per share. This transaction amounted to 7.2% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €13m. Scott has been a net seller over the last 12 months, reducing personal holdings by €4.8m. Announcement • May 31
Abercrombie & Fitch Co. Provides Earnings Guidance for the Second Quarter of 2024 Abercrombie & Fitch Co. provided earnings guidance for the second quarter of 2024. For the second quarter of fiscal 2024, the company expects:· net sales growth to be up mid-teens compared to fiscal second quarter 2023 level of $935 million. Reported Earnings • May 30
First quarter 2025 earnings released: EPS: US$2.24 (vs US$0.33 in 1Q 2024) First quarter 2025 results: EPS: US$2.24 (up from US$0.33 in 1Q 2024). Revenue: US$1.02b (up 22% from 1Q 2024). Net income: US$113.9m (up US$97.3m from 1Q 2024). Profit margin: 11% (up from 2.0% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to €170, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 3x in the Specialty Retail industry in Germany. Total returns to shareholders of 404% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €196 per share. New Risk • May 29
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Significant insider selling over the past 3 months (€22m sold). Announcement • May 05
Abercrombie & Fitch Co. to Report Q1, 2025 Results on May 29, 2024 Abercrombie & Fitch Co. announced that they will report Q1, 2025 results at 7:30 AM, US Eastern Standard Time on May 29, 2024 Buy Or Sell Opportunity • May 04
Now 21% undervalued Over the last 90 days, the stock has risen 21% to €112. The fair value is estimated to be €142, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 27% in the next 2 years. Valuation Update With 7 Day Price Move • May 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €120, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 3x in the Specialty Retail industry in Germany. Total returns to shareholders of 262% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €153 per share. Announcement • May 01
Abercrombie & Fitch Co., Annual General Meeting, Jun 12, 2024 Abercrombie & Fitch Co., Annual General Meeting, Jun 12, 2024, at 10:00 US Eastern Standard Time. Agenda: To elect the nine director nominees named in the Proxy Statement to serve until the 2025 Annual Meeting of Stockholders; to conduct an advisory vote to approve the compensation of the named executive officers for Fiscal 2023; and to ratify the appointment of PricewaterhouseCoopers LLP as an independent registered public accounting firm for Fiscal 2024. New Risk • Apr 30
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Significant insider selling over the past 3 months (€22m sold). Buy Or Sell Opportunity • Mar 26
Now 24% undervalued Over the last 90 days, the stock has risen 39% to €112. The fair value is estimated to be €148, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 27% in the next 2 years. Recent Insider Transactions • Mar 13
Insider recently sold €13m worth of stock On the 8th of March, Kristin Scott sold around 110k shares on-market at roughly €115 per share. This transaction amounted to 74% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €32m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €105, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 2x in the Specialty Retail industry in Germany. Total returns to shareholders of 244% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €141 per share. Buy Or Sell Opportunity • Mar 07
Now 23% undervalued Over the last 90 days, the stock has risen 63% to €114. The fair value is estimated to be €148, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 9.8% in 2 years. Earnings are forecast to grow by 15% in the next 2 years. Reported Earnings • Mar 07
Full year 2024 earnings released: EPS: US$6.53 (vs US$0.056 in FY 2023) Full year 2024 results: EPS: US$6.53 (up from US$0.056 in FY 2023). Revenue: US$4.28b (up 16% from FY 2023). Net income: US$328.1m (up US$325.3m from FY 2023). Profit margin: 7.7% (up from 0.1% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 06
Abercrombie & Fitch Co. Provides Earnings Guidance for the First Quarter and Full Year 2024 Abercrombie & Fitch Co. provided earnings guidance for the first quarter and full year 2024. for the quarter, the company expects net sales to be up low double-digits to fiscal first quarter 2023 level of $836 million.For the year, the company expects Net sales growth in the range of 4% to 6% from $4.3 billion in fiscal 2023, which includes the adverse impact of approximately $50 million from the 53rd reporting week in fiscal 2023. The company expects Abercrombie brands will continue to outperform Hollister brands and the Americas will continue to lead the regional performance. the company also expect the year-over-year growth rate to be higher in the first half of the year, partially due to the calendar shifts from the 53rd week in 2023. Announcement • Feb 07
Kristin Scott to Leave Abercrombie & Fitch Co. as President, Global Brands and Managing Director, North America, Effective no Later Than March 30, 2024 On February 6, 2024, Abercrombie & Fitch Co. announced that on February 2, 2024, the company’s Board of Directors had determined to eliminate the role of President, Global Brands. As a result, Kristin Scott, the Company’s President, Global Brands and Managing Director, North America, will be leaving the Company no later than March 30, 2024 (such date, the “Separation Date”). During a transition period from February 5, 2024 through the Separation Date, Ms. Scott will continue to serve in her current role. As of the date of this Current Report on Form 8-K, the Company and Ms. Scott had not yet finalized the terms of her separation from service with the Company. Announcement • Feb 03
Abercrombie & Fitch Co. to Report Q4, 2024 Results on Mar 06, 2024 Abercrombie & Fitch Co. announced that they will report Q4, 2024 results at 7:30 AM, US Eastern Standard Time on Mar 06, 2024 Buy Or Sell Opportunity • Jan 30
Now 21% undervalued Over the last 90 days, the stock has risen 70% to €92.57. The fair value is estimated to be €117, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 62% in the next 2 years. Announcement • Jan 09
Abercrombie & Fitch Co. Provides Earnings Guidance for the Fourth Quarter and Full Year 2023 Abercrombie & Fitch Co. provided earnings guidance for the fourth quarter and full year 2023. For the quarter, the company expects net sales for the current quarter to be up-high teens against up-low double digits a year ago.For the year, the company expects net sales for the current year to be growth of 14%-15% against growth of 12% to 14% a year ago. Recent Insider Transactions • Nov 28
Independent Director recently sold €905k worth of stock On the 22nd of November, Sarah Gallagher sold around 13k shares on-market at roughly €68.42 per share. This transaction amounted to 83% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €10m more than they bought in the last 12 months. Reported Earnings • Nov 23
Third quarter 2024 earnings released: EPS: US$1.91 (vs US$0.045 loss in 3Q 2023) Third quarter 2024 results: EPS: US$1.91 (up from US$0.045 loss in 3Q 2023). Revenue: US$1.06b (up 20% from 3Q 2023). Net income: US$96.2m (up US$98.4m from 3Q 2023). Profit margin: 9.1% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Nov 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Significant insider selling over the past 3 months (€8.3m sold). Announcement • Nov 11
Abercrombie & Fitch Co. Announces Election of Arturo Nuñez to Its Board of Directors Abercrombie & Fitch Co. announced the election of Arturo Nuñez to its Board of Directors, effective November 7, 2023. Mr. Nuñez, 56, is the founder and CEO of AIE Creative, a firmproviding meaningful and immersive brand strategies and marketing experiences. Previously, he was the Chief Marketing Officer of Nu Holdings Ltd. (Nubank), a digital banking platform headquartered in Brazil, where he ran its global marketing efforts in Brazil, Mexico, and Colombia. He has also previously held leadership positions at Apple, Nike and the National Basketball Association, serving in marketing and general management roles across a number of markets. Mr. Nuñez currently serves on the board of directors for The Estée Lauder CompaniesInc. Buying Opportunity • Nov 10
Now 23% undervalued Over the last 90 days, the stock is up 70%. The fair value is estimated to be €81.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.0% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 9.4% in 2 years. Earnings is forecast to grow by 75% in the next 2 years. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €65.60, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 9x in the Specialty Retail industry in Germany. Total returns to shareholders of 411% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €84.99 per share. Announcement • Oct 28
Abercrombie & Fitch Co. to Report Q3, 2024 Results on Nov 21, 2023 Abercrombie & Fitch Co. announced that they will report Q3, 2024 results at 7:30 AM, US Eastern Standard Time on Nov 21, 2023 Buying Opportunity • Oct 21
Now 23% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €72.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.0% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 8.5% in 2 years. Earnings is forecast to grow by 75% in the next 2 years. Valuation Update With 7 Day Price Move • Oct 02
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €55.28, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 9x in the Specialty Retail industry in Germany. Total returns to shareholders of 334% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €74.38 per share. Recent Insider Transactions • Aug 27
President of Global Brands recently sold €6.8m worth of stock On the 24th of August, Kristin Scott sold around 143k shares on-market at roughly €47.20 per share. This transaction amounted to 52% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €8.4m more than they bought in the last 12 months. Reported Earnings • Aug 25
Second quarter 2024 earnings released: EPS: US$1.13 (vs US$0.33 loss in 2Q 2023) Second quarter 2024 results: EPS: US$1.13 (up from US$0.33 loss in 2Q 2023). Revenue: US$935.3m (up 16% from 2Q 2023). Net income: US$56.9m (up US$73.7m from 2Q 2023). Profit margin: 6.1% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €44.00, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 11x in the Specialty Retail industry in Germany. Total returns to shareholders of 388% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €43.65 per share. Announcement • Aug 05
Abercrombie & Fitch Co. to Report Q2, 2024 Results on Aug 23, 2023 Abercrombie & Fitch Co. announced that they will report Q2, 2024 results at 7:30 AM, US Eastern Standard Time on Aug 23, 2023 Buying Opportunity • Aug 03
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €44.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 5.1% in 2 years. Earnings is forecast to grow by 224% in the next 2 years. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 64% After last week's 64% share price gain to €33.81, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 10x in the Specialty Retail industry in Germany. Total returns to shareholders of 240% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €44.35 per share. Reported Earnings • May 26
First quarter 2024 earnings released: EPS: US$0.33 (vs US$0.32 loss in 1Q 2023) First quarter 2024 results: EPS: US$0.33 (up from US$0.32 loss in 1Q 2023). Revenue: US$836.0m (up 2.9% from 1Q 2023). Net income: US$16.6m (up US$33.0m from 1Q 2023). Profit margin: 2.0% (up from net loss in 1Q 2023). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • May 19
Abercrombie & Fitch Co. Appoints Helen Vaid as Member of the Compensation and Human Capital Committee On February 17, 2023, Abercrombie & Fitch Co. announced the appointment of Helen Vaid to the Company’s Board of Directors (the “Board”) effective February 16, 2023. On May 17, 2023, upon the recommendation of the Nominating and Board Governance Committee of the Board, the Board appointed Ms. Vaid to serve as a member of the Compensation and Human Capital Committee of the Board, with such appointment to be effective immediately and with such service to be at the pleasure of the Board. Announcement • May 06
Abercrombie & Fitch Co. to Report Q1, 2024 Results on May 24, 2023 Abercrombie & Fitch Co. announced that they will report Q1, 2024 results at 7:30 AM, US Eastern Standard Time on May 24, 2023 Reported Earnings • Mar 03
Full year 2023 earnings released: EPS: US$0.056 (vs US$4.41 in FY 2022) Full year 2023 results: EPS: US$0.056 (down from US$4.41 in FY 2022). Revenue: US$3.70b (flat on FY 2022). Net income: US$2.82m (down 99% from FY 2022). Profit margin: 0.1% (down from 7.1% in FY 2022). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Announcement • Feb 18
Abercrombie & Fitch Co. Announces Election of Helen Vaid as an Independent Director Abercrombie & Fitch Co. announced the election of Helen Vaid as an independent director, effective February 16, 2023. Ms. Vaid, 51, was most recently the Chief Executive Officer of Foundry Brands, a digitally native brand platform. In that role, which she held until February 2023, she was responsible for accelerating the omni-channel growth of Foundry’s suite of consumer brands across a range of product categories. Prior to joining Foundry Brands, Ms. Vaid held a number of customer-centric leadership roles, responsible for growing businesses in both the digital and physical spaces, including Global Chief Customer Officer of Pizza Hut, a subsidiary of Yum! Brands Inc. and Vice President of Digital Store Operations and Experience at Walmart.com, a division of Walmart Inc. She also held several technology-focused roles at Hewlett Packard Enterprise. Ms. Vaid also currently serves on the board of directors for Groupon Inc. Announcement • Feb 04
Abercrombie & Fitch Co. to Report Q4, 2023 Results on Mar 01, 2023 Abercrombie & Fitch Co. announced that they will report Q4, 2023 results at 7:30 AM, US Eastern Standard Time on Mar 01, 2023 Announcement • Jan 11
Abercrombie & Fitch Co. Revises Earnings Guidance for the Fourth Quarter and Full Year of 2022 Abercrombie & Fitch Co. revised earnings guidance for the fourth quarter and full year of 2022. For the quarter, the company expects revised net sales of up in the range of 1% to 2% compared to previously expected net sales of down in the range of 2% to 4%. For the year, the company expects revised net sales of down around 1% compared to previously expected net sales of down in the range of 2% to 3%. Reported Earnings • Dec 08
Third quarter 2023 earnings released: US$0.045 loss per share (vs US$0.80 profit in 3Q 2022) Third quarter 2023 results: US$0.045 loss per share (down from US$0.80 profit in 3Q 2022). Revenue: US$880.1m (down 2.8% from 3Q 2022). Net loss: US$2.21m (down 105% from profit in 3Q 2022). Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Dec 01
Independent Non-Executive Chairman recently sold €929k worth of stock On the 23rd of November, Terry Burman sold around 43k shares on-market at roughly €21.77 per share. This transaction amounted to 44% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Terry's only on-market trade for the last 12 months. Reported Earnings • Aug 27
Second quarter 2023 earnings released: US$0.33 loss per share (vs US$1.77 profit in 2Q 2022) Second quarter 2023 results: US$0.33 loss per share (down from US$1.77 profit in 2Q 2022). Revenue: US$805.1m (down 6.9% from 2Q 2022). Net loss: US$16.8m (down 116% from profit in 2Q 2022). Over the next year, revenue is expected to shrink by 2.3% compared to a 11% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 27
First quarter 2023 earnings released: US$0.32 loss per share (vs US$0.67 profit in 1Q 2022) First quarter 2023 results: US$0.32 loss per share (down from US$0.67 profit in 1Q 2022). Revenue: US$812.8m (up 4.0% from 1Q 2022). Net loss: US$16.5m (down 139% from profit in 1Q 2022). Over the next year, revenue is forecast to stay flat compared to a 9.8% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 25
Investor sentiment deteriorated over the past week After last week's 44% share price decline to €17.52, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Specialty Retail industry in Europe. Total loss to shareholders of 19% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €29.39 per share. Reported Earnings • Mar 30
Full year 2022 earnings released: EPS: US$4.41 (vs US$1.82 loss in FY 2021) Full year 2022 results: EPS: US$4.41 (up from US$1.82 loss in FY 2021). Revenue: US$3.71b (up 19% from FY 2021). Net income: US$263.0m (up US$377.0m from FY 2021). Profit margin: 7.1% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 3.5%, compared to a 17% growth forecast for the retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Board Change • Mar 30
High number of new directors Independent Director Ken Robinson was the last director to join the board, commencing their role in 2021. Reported Earnings • Mar 05
Full year 2022 earnings: Revenues and EPS in line with analyst expectations Full year 2022 results: EPS: US$4.41 (up from US$1.82 loss in FY 2021). Revenue: US$3.71b (up 19% from FY 2021). Net income: US$263.0m (up US$377.0m from FY 2021). Profit margin: 7.1% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 3.5%, compared to a 18% growth forecast for the retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improved over the past week After last week's 16% share price gain to €32.40, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Specialty Retail industry in Europe. Total returns to shareholders of 85% over the past three years. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment deteriorated over the past week After last week's 19% share price decline to €33.04, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Specialty Retail industry in Europe. Total returns to shareholders of 109% over the past three years. Recent Insider Transactions • Dec 01
Independent Director recently sold €349k worth of stock On the 24th of November, Sarah Gallagher sold around 10k shares on-market at roughly €34.94 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €235k more than they bought in the last 12 months. Reported Earnings • Nov 24
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: US$0.80 (up from US$0.68 in 3Q 2021). Revenue: US$905.2m (up 10% from 3Q 2021). Net income: US$47.2m (up 12% from 3Q 2021). Profit margin: 5.2% (in line with 3Q 2021). Revenue exceeded analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 4.3%, compared to a 19% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improved over the past week After last week's 20% share price gain to €39.80, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Specialty Retail industry in Europe. Total returns to shareholders of 142% over the past three years. Reported Earnings • Aug 28
Second quarter 2022 earnings released: EPS US$1.77 (vs US$0.087 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: US$864.9m (up 24% from 2Q 2021). Net income: US$108.5m (up US$103.0m from 2Q 2021). Profit margin: 13% (up from 0.8% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. 
