Abercrombie & Fitch Management

Management criteria checks 3/4

Abercrombie & Fitch's CEO is Fran Horowitz, appointed in Feb 2017, has a tenure of 7.17 years. total yearly compensation is $11.03M, comprised of 12.1% salary and 87.9% bonuses, including company stock and options. directly owns 1.03% of the company’s shares, worth $64.16M. The average tenure of the management team and the board of directors is 6 years and 4.5 years respectively.

Key information

Fran Horowitz

Chief executive officer

US$11.0m

Total compensation

CEO salary percentage	12.1%
CEO tenure	7.2yrs
CEO ownership	1.0%
Management average tenure	6yrs
Board average tenure	4.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Fran Horowitz's remuneration changed compared to Abercrombie & Fitch's earnings?
Date	Total Compensation	Salary	Company Earnings
Feb 03 2024	n/a	n/a	US$328m
Oct 28 2023	n/a	n/a	US$208m
Jul 29 2023	n/a	n/a	US$110m
Apr 29 2023	n/a	n/a	US$36m
Jan 28 2023	n/a	n/a	US$3m
Oct 29 2022	n/a	n/a	US$30m
Jul 30 2022	n/a	n/a	US$79m
Apr 30 2022	n/a	n/a	US$205m
Jan 29 2022	US$13m	US$1m	US$263m
Oct 30 2021	n/a	n/a	US$280m
Jul 31 2021	n/a	n/a	US$275m
May 01 2021	n/a	n/a	US$172m
Jan 30 2021	US$12m	US$1m	-US$114m
Oct 31 2020	n/a	n/a	-US$113m
Aug 01 2020	n/a	n/a	-US$149m
May 02 2020	n/a	n/a	-US$186m
Feb 01 2020	US$8m	US$1m	US$39m
Nov 02 2019	n/a	n/a	US$53m
Aug 03 2019	n/a	n/a	US$71m
May 04 2019	n/a	n/a	US$98m
Feb 02 2019	US$8m	US$1m	US$75m
Nov 03 2018	n/a	n/a	US$52m
Aug 04 2018	n/a	n/a	US$38m
May 05 2018	n/a	n/a	US$26m
Feb 03 2018	US$10m	US$1m	US$7m

Compensation vs Market: Fran's total compensation ($USD11.03M) is above average for companies of similar size in the UK market ($USD3.41M).

Compensation vs Earnings: Fran's compensation has been consistent with company performance over the past year.

CEO

Fran Horowitz (59 yo)

7.2yrs

Tenure

US$11,034,157

Compensation

Ms. Fran Horowitz has been the Chief Executive Officer and Director of Abercrombie & Fitch Co. since February 1, 2017. She is Independent Director of Conagra Brands, Inc. since August 02, 2021. Ms. Horowit...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Fran Horowitz	CEO & Director	7.2yrs	US$11.03m	1.03% $ 64.2m
Scott Lipesky	Executive VP	6.5yrs	US$3.13m	0.24% $ 15.2m
Samir Desai	Executive VP and Chief Digital & Technology Officer	2.8yrs	US$2.58m	0.078% $ 4.8m
Gregory Henchel	Executive VP	5.5yrs	US$1.59m	0.079% $ 4.9m
Kate Wagner	Vice President of Corporate Communications	no data	no data	no data
Jay Rust	Executive Vice President of Human Resources	less than a year	no data	0.0080% $ 499.0k
James Bierbower	Executive Vice President of Human Resources	10.3yrs	no data	no data
Aaron Levine	Senior Vice President of Men's & Women's Design	no data	no data	no data
Everett Gallagher	Senior Vice President of Tax	no data	no data	no data

6.0yrs

Average Tenure

51.5yo

Average Age

Experienced Management: 0R32's management team is seasoned and experienced (6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Fran Horowitz	CEO & Director	7.2yrs	US$11.03m	1.03% $ 64.2m
Nigel Travis	Independent Chairman	5.2yrs	US$287.16k	0.054% $ 3.4m
Kerrii Anderson	Independent Director	6.2yrs	US$277.16k	0.090% $ 5.6m
James Goldman	Independent Director	3.9yrs	US$249.66k	0.023% $ 1.4m
Helen McCluskey	Independent Director	5.2yrs	US$279.66k	0.072% $ 4.5m
Sarah Gallagher	Independent Director	9.8yrs	US$249.66k	0.0055% $ 342.0k
Helen Vaid	Independent Director	1.2yrs	no data	no data
Suzanne Coulter	Independent Director	3.9yrs	US$249.66k	0.032% $ 2.0m
Kenneth Robinson	Independent Director	3.2yrs	US$262.16k	0.014% $ 876.5k
Arturo Nunez	Director	less than a year	no data	no data

4.5yrs

Average Tenure

65yo

Average Age

Experienced Board: 0R32's board of directors are considered experienced (4.5 years average tenure).

Abercrombie & Fitch Management

Management criteria checks 3/4

Key information

Recent management updates

Insider recently sold US$14m worth of stock

Kristin Scott to Leave Abercrombie & Fitch Co. as President, Global Brands and Managing Director, North America, Effective no Later Than March 30, 2024

Independent Director recently sold US$983k worth of stock

Abercrombie & Fitch Co. Announces Election of Arturo Nuñez to Its Board of Directors

President of Global Brands recently sold US$7.3m worth of stock

Abercrombie & Fitch Co. Appoints Helen Vaid as Member of the Compensation and Human Capital Committee

Recent updates

Now 22% undervalued

Insider recently sold US$14m worth of stock

Now 24% undervalued

Full year 2024 earnings released: EPS: US$6.53 (vs US$0.056 in FY 2023)

Abercrombie & Fitch Co. Provides Earnings Guidance for the First Quarter and Full Year 2024

Kristin Scott to Leave Abercrombie & Fitch Co. as President, Global Brands and Managing Director, North America, Effective no Later Than March 30, 2024

Abercrombie & Fitch Co. to Report Q4, 2024 Results on Mar 06, 2024

Now 20% undervalued

Abercrombie & Fitch Co. Provides Earnings Guidance for the Fourth Quarter and Full Year 2023

Independent Director recently sold US$983k worth of stock

Third quarter 2024 earnings released: EPS: US$1.91 (vs US$0.045 loss in 3Q 2023)

New minor risk - Shareholder dilution

Abercrombie & Fitch Co. Provides Earnings Guidance for the Fourth Quarter of 2023

Abercrombie & Fitch Co. Announces Election of Arturo Nuñez to Its Board of Directors

Now 20% undervalued

Abercrombie & Fitch Co. to Report Q3, 2024 Results on Nov 21, 2023

Now 21% undervalued

President of Global Brands recently sold US$7.3m worth of stock

Second quarter 2024 earnings released: EPS: US$1.13 (vs US$0.33 loss in 2Q 2023)

Abercrombie & Fitch Co. Provides Earnings Guidance for the Third Quarter of Fiscal Year 2023

Investor sentiment improves as stock rises 21%

Abercrombie & Fitch Co. to Report Q2, 2024 Results on Aug 23, 2023

First quarter 2024 earnings released: EPS: US$0.33 (vs US$0.32 loss in 1Q 2023)

Abercrombie & Fitch Co. Revises Earnings Guidance for the Fiscal Year 2023

Now 20% undervalued after recent price drop

Abercrombie & Fitch Co. Appoints Helen Vaid as Member of the Compensation and Human Capital Committee

Abercrombie & Fitch Co. to Report Q1, 2024 Results on May 24, 2023

Now 21% undervalued after recent price drop

Independent Non-Executive Director recently sold US$498k worth of stock

Full year 2023 earnings released: EPS: US$0.056 (vs US$4.41 in FY 2022)

Abercrombie & Fitch Co. Announces Election of Helen Vaid as an Independent Director

Abercrombie & Fitch Co. to Report Q4, 2023 Results on Mar 01, 2023

Abercrombie & Fitch Co. Revises Earnings Guidance for the Fourth Quarter and Full Year of 2022

Investor sentiment improved over the past week

Independent Non-Executive Chairman recently sold US$963k worth of stock

Third quarter 2023 earnings released: US$0.045 loss per share (vs US$0.80 profit in 3Q 2022)

Abercrombie & Fitch Co. Announces Board of Directors Leadership Transition

Abercrombie & Fitch Co. to Report Q3, 2023 Results on Nov 22, 2022

Abercrombie & Fitch Co. Provides Earnings Guidance for the Full Year 2022

Second quarter 2023 earnings released: US$0.33 loss per share (vs US$1.77 profit in 2Q 2022)

Abercrombie & Fitch Co. to Report Q2, 2023 Results on Aug 25, 2022

Investor sentiment improved over the past week

Abercrombie & Fitch Co. Announces Changes to its Board of Directors

Now 21% undervalued after recent price drop

Abercrombie & Fitch Co. Provides Earnings Guidance for the Second Quarter and Full Fiscal Year 2022

Abercrombie & Fitch Co. Provides Earnings Guidance for the Second Quarter and Full Fiscal Year 2022

Investor sentiment deteriorated over the past week

Abercrombie & Fitch Co. to Report Q1, 2023 Results on May 24, 2022

Abercrombie & Fitch Co., Annual General Meeting, Jun 08, 2022

Investor sentiment improved over the past week

High number of new directors

Full year 2022 earnings: Revenues and EPS in line with analyst expectations

Investor sentiment deteriorated over the past week

Abercrombie & Fitch Launches Associate-Designed For Justice Collection to Amplify Black Voices

Abercrombie & Fitch Co. to Report Q4, 2022 Results on Mar 02, 2022

Abercrombie & Fitch Co. Provides Earnings Guidance for the Fourth Quarter and Fiscal Year 2021

Independent Director recently sold US$391k worth of stock

Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

Abercrombie & Fitch Co. (NYSE:ANF) announces an Equity Buyback for $500 million worth of its shares.

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Second quarter 2022 earnings released: EPS US$1.77 (vs US$0.087 in 2Q 2021)

Investor sentiment improved over the past week

Independent Director Charles Perrin has left the company

Independent Director Archie Griffin has left the company

Abercrombie & Fitch Co. Project Launch Co-Designed Pride Collection

First quarter 2022 earnings released: EPS US$0.67 (vs US$3.90 loss in 1Q 2021)

Full year 2021 earnings released: US$1.82 loss per share (vs US$0.61 profit in FY 2020)

Independent Director recently bought US$75k worth of stock