Abercrombie & Fitch Co. Boosts Fourth Quarter Sales and Operating Margin Outlook Based on Better-than-Expected Holiday Sales

Abercrombie & Fitch Co. Improves 4th Quarter Sales as well as Running Margin Overview Based Upon Better-than-Expected Vacation Sales

Abercrombie & Fitch Administration Inc.

BRAND-NEW ALBANY, Ohio, January 09, 2023 (WORLD WIRE SERVICE) — Abercrombie & Fitch Co. (NYSE:ANF) supplied a service upgrade today as well as upgraded its overview for the 4th quarter as well as complete year of financial 2022.

Fran Horowitz, Ceo, stated: “I am pleased with our quarter-to-date efficiency. Our brand names executed well throughout optimal vacation sales, boosting the consecutive sales pattern from the third-quarter degrees, leading us to enhance our fourth-quarter sales as well as running margin overview.

In Abercrombie, the solid energy we have actually seen all year in the Abercrombie & Fitch brand name proceeded right into the holiday as the females’s company advanced its means to its highest-ever fourth-quarter sales. A lot more significantly, this solid efficiency was matched by a velocity in male development from third-quarter patterns. For Hollister, while we anticipate to finish the 4th quarter with sales listed below 2021 degrees, the sales pattern boosted well from the 3rd quarter as we began to discover the very first gain from array changes as well as employees adjustments.

As we get in 2023, we will certainly remain to stabilize both offensively as well as defensively in this advancing macroeconomic setting. We snugly take care of business expenses as well as remain to target a stock degree constant with 2021 by year-end, placing our brand names to go after profits in the springtime period. At the exact same time, we take advantage of the business’s solid monetary setting to drive substantial, long-lasting financial investments in our procedures, especially in modern technology, shops as well as the supply chain. Our team believe these financial investments will certainly best place us to attain our 2025 Always Forward Strategy.”

Monetary 4th Quarter 2022 Look:

Present 4th Quarter Overview

Previous 4th Quarter Overview(one)

web sales

1% to 2% boost(2)

2% to 4% reduction(2)

Operating revenue margin

in the variety of 6% to 8%

in the variety of 5% to 7%

Reliable Tax Obligation Price

mid to high 40s

mid to high 40s

Complete Year Financial 2022 Look:

Present Complete Year Sight

Previous Complete Year Sight(one)

web sales

around 1% decrease(3)

2% to 3% reduction(3)

Operating revenue margin

In Between 2.5% as well as 3%

in the variety of 2% to 3%

(one) Launched on November 22, 2022
(2) The existing fourth-quarter overview shows an unfavorable effect of around 210 basis factors from the money, up from around 300 basis factors in the previous overview.
(3) The existing full-year overview shows an unfavorable effect of roughly 220 basis factors from the international money price, which was roughly 250 basis factors in the previous overview.

The business will certainly participate in conferences with financiers as well as experts at the ICR XChange Meeting to be hung on January 9-10, 2023.

Safe Harbor Declaration Under the Exclusive Stocks Lawsuits Reform Act of 1995

This News Release as well as Abercrombie & Fitch Co. (A&F) administration or its agents include positive declarations (as specified in the Exclusive Stocks Lawsuits Reform Act 1995). These declarations, consisting of however not restricted to declarations concerning our 4th quarter as well as yearly financial 2022 outcomes, associate with our existing presumptions, quotes as well as assumptions concerning our company as well as future occasions. Such positive declarations entail dangers as well as unpredictabilities as well as undergo transform based upon a selection of vital aspects, much of which might be past the business’s control. The incorporation of such info ought to not be seen by the business or any kind of various other individual as a declaration that the business’s goals will certainly be accomplished. “assumption”, “layout”, “strategy”, “think”, “wait”, “assumption”, “mean”, “require”, “positive”, “will certainly”, “can”, ” Words such as “sight” as well as comparable declarations might specify positive declarations. Other than as called for by relevant regulation, we take on no responsibility to openly upgrade or change any kind of positive declarations, consisting of any kind of monetary targets or quotes, as an outcome of brand-new info, future occasions, or any kind of various other end result. Elements that can create outcomes to vary from those shared in our positive declarations consist of, however are not restricted to, the aspects explained partially I, Condition 1A. The “Threat Elements” of the business’s Yearly Record on Kind 10-K for the finished January 29, 2022, in addition to our records as well as filings with the Stocks as well as Exchange Compensation, in addition to the list below aspects: worldwide financial as well as monetary problems as well as its customer self-confidence as well as its effect on customer costs, in addition to various other adjustments in customer optional costs practices; the dangers connected with current inflationary stress on labor as well as resources as well as worldwide supply chain restrictions that have as well as might remain to impact products, delivery as well as various other prices; The dangers as well as unpredictability connected with the continuous COVID-19 pandemic, consisting of the lockdowns as well as various other damaging public health and wellness growths in China; dangers connected with geopolitical problem, consisting of continuous hostilities, acts of terrorism, mass murders, social agitation, civil agitation or disobedience in Ukraine; dangers connected with our lack of ability to connect with our clients, expect consumer need as well as altering style patterns, as well as handle our stock; the dangers connected with our lack of ability to run successfully in an extremely affordable as well as frequently advancing sector; Threats connected with our capability to execute our calculated efforts, including our Always Forward Strategy; dangers associated with changes in currency exchange rate; dangers associated with changes in our tax obligation responsibilities as well as efficient tax obligation price might create changes in our operating outcomes; as well as dangers connected with cybersecurity hazards as well as violations of personal privacy or information protection, or the possible loss or interruption of our info systems.

Abercrombie & Fitch Co. Around

Abercrombie & Fitch Co. (NYSE: ANF) is a leading, worldwide, multi-channel specialized seller of garments as well as devices for guys, females as well as youngsters via 5 popular brand names. The legendary Abercrombie & Fitch brand name was birthed in 1892 as well as intends to make daily really feel as remarkable as the beginning of a vacation. abercrombie youngsters see the globe via their eyes, where play is life as well as daily is a chance to be whatever as well as be much better than anything. The Hollister brand name relies on liberating an infinite summer season spirit in everybody as well as making youths really feel renowned as well as comfy in their very own skin. Supplying energetic way of living items, Gilly Hicks is developed to produce joy via activity. The innovative vision of Hollister as well as social networks characters Dixie as well as Charli D’Amelio, Social Traveler supplies trend-forward apparel that permits youths to try out their very own design while checking out the duality of that they get on social networks as well as in reality.

The brand names share a dedication to giving items with long-lasting high quality as well as outstanding convenience that enable customers all over the world to share their uniqueness as well as design. Abercrombie & Fitch Co. has roughly 770 shops in The United States and Canada, Europe, Asia as well as the Center East under these brand names, in addition to ecommerce websites www.abercrombie.com, www.abercrombiekids.com, www.hollisterco.com, www.gillyhicks .com as well as www.socialtourist.com.

Financier Interaction:

Media web link:

Mackenzie Gusweiler

Kate Wagner

Abercrombie & Fitch Co.

Abercrombie & Fitch Co.

(614) 283-6751

(614) 283-6192



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