Abercrombie & Fitch Co.
Financial Information
(Unaudited)
(in thousands, except per share data, store data, and comparable sales data)
								Fiscal 2022										Fiscal 2023
	2019			2020		2021		Q1		Q2		Q3		Q4		2022		Q1			2023
Net sales	$	3,623,073		$	3,125,384	$	3,712,768	$	812,762	$	805,091	$	880,084	$	1,199,814	$	3,697,751	$	835,994		$	835,994
Cost of sales, exclusive of depreciation and amortization	1,472,155			1,234,179		1,400,773		363,216		339,200		359,268		531,529		1,593,213		326,200			326,200
Gross profit	2,150,918			1,891,205		2,311,995		449,546		465,891		520,816		668,285		2,104,538		509,794			509,794
Stores and distribution expense	1,598,500			1,379,948		1,428,323		337,543		340,791		367,333		437,264		1,482,931		331,613			331,613
Marketing, general and administrative expense	464,615			463,843		536,815		122,149		124,168		133,201		138,084		517,602		142,631			142,631
Asset impairment	19,135			72,937		12,100		3,422		2,170		3,744		4,695		14,031		4,436			4,436
Other operating (income) loss, net	(1,400)			(5,054)		(8,327)		(3,842)		953		(1,005)		1,220		(2,674)		(2,893)			(2,893)
Operating income (loss)	70,068			(20,469)		343,084		(9,726)		(2,191)		17,543		87,022		92,648		34,007			34,007
Interest expense, net	7,737			28,274		34,110		7,307		6,917		7,295		4,113		25,632		3,443			3,443
Income (loss) before income taxes	62,331			(48,743)		308,974		(17,033)		(9,108)		10,248		82,909		67,016		30,564			30,564
Income tax expense (benefit)	17,371			60,211		38,908		(2,187)		5,634		10,966		42,218		56,631		12,717			12,717
Net income (loss)	44,960			(108,654)		270,066		(14,846)		(14,742)		(718)		40,691		10,385		17,847			17,847
Less: Net income attributable to noncontrolling interests	5,602			5,067		7,056		1,623		2,092		1,496		2,358		7,569		1,276			1,276
Net income (loss) attributable to Abercrombie & Fitch Co.	$	39,358		$	(114,021)	$	263,010	$	(16,469)	$	(16,834)	$	(2,214)	$	38,333	$	2,816	$	16,571		$	16,571
Net income (loss) per share attributable to Abercrombie & Fitch Co.:
Basic	$0.61			$(1.82)		$4.41		$(0.32)		$(0.33)		$(0.04)		$0.78		$0.06		$0.33			$0.33
Diluted	$0.60			$(1.82)		$4.20		$(0.32)		$(0.33)		$(0.04)		$0.75		$0.05		$0.32			$0.32
Weighted-average shares outstanding:
Basic	64,428			62,551		59,597		52,077		50,441		49,486		49,216		50,307		49,574			49,574
Diluted	65,778			62,551		62,636		52,077		50,441		49,486		51,217		52,327		51,467			51,467
Comparable sales
Abercrombie comparable sales (1) (2)	3		%	Not provided		Not provided		Not provided		Not provided		Not provided		Not provided		Not provided		14		%	14		%
Hollister comparable sales (1) (3)	-1		%	Not provided		Not provided		Not provided		Not provided		Not provided		Not provided		Not provided		-3		%	-3		%
Comparable sales (1)	1		%	Not provided		Not provided		Not provided		Not provided		Not provided		Not provided		Not provided		3		%	3		%
(1) Comparable sales are calculated on a constant currency basis and exclude revenue other than store and online sales. The Company did not provide comparable sales results for fiscal 2020, fiscal 2021 or fiscal 2022 due to temporary store closures as a result of COVID-19.
(2) Abercrombie includes the Company's Abercrombie & Fitch and abercrombie kids brands.
(3) Hollister includes the Company's Hollister, Gilly Hicks, and Social Tourist brands.

1

Abercrombie & Fitch Co.
Financial Information
(Unaudited)
(in thousands, except per share data, store data, and comparable sales data)
									Fiscal 2023
	2019		2020		2021		2022		Q1 YTD
Cash flow and capital allocation:
Net cash provided by (used for) operating activities	$	300,685	$	404,918	$	277,782	$	(2,343)	$	(560)
Net cash used for investing activities	$	(202,784)	$	(51,910)	$	(96,979)	$	(140,675)	$	(46,391)
Net cash (used for) provided by financing activities (YTD)	$	(147,873)	$	69,717	$	(446,898)	$	(155,329)	$	(21,956)
Capital expenditures	$	202,784	$	101,910	$	96,979	$	164,566	$	46,391
Number of shares repurchased as part of publicly announced plans or programs	3,957		1,397		10,200		4,770		—
Average price per share paid	$	16.06	$	10.86	$	36.99	$	26.37	$	—
Cost of shares repurchased	$	63,542	$	15,172	$	377,290	$	125,775	$	—
Dividends	51,510		12,556		—		—		—
Total	$	115,052	$	27,728	$	377,290	$	125,775	$	—
Shares outstanding	62,786		62,399		52,985		49,002		50,062

2

Abercrombie & Fitch Co.
Store fleet detail
(Unaudited)
Total Company
				Fiscal 2022					Fiscal 2023
	2019	2020	2021	Q1	Q2	Q3	Q4	2022	Q1
Legacy stores	430	322	282	279	278	273	261	261	250
Updated formats	353	354	390	394	397	420	440	440	453
Outlet stores	56	52	52	51	55	54	59	59	53
Flagship stores	15	7	5	4	4	4	2	2	2
Total Company stores	854	735	729	728	734	751	762	762	758
Total Company gross square feet - end of period	6,303	5,232	5,052	5,029	5,059	5,100	5,068	5,068	5,023
				Fiscal 2022					Fiscal 2023
	2019	2020	2021	Q1YTD	Q2YTD	Q3YTD	Q4YTD	2022	Q1YTD
New stores	40	15	38	4	11	31	59	59	6
Remodels	24	4	2	1	1	2	1	1	3
Right-sizes	26	6	5	0	0	6	8	8	1
New experiences	90	25	45	5	12	39	68	68	10
Permanent closures	(47)	(137)	(44)	(5)	(7)	(9)	(26)	(26)	(10)
Abercrombie
				Fiscal 2022					Fiscal 2023
	2019	2020	2021	Q1	Q2	Q3	Q4	2022	Q1
Legacy stores	190	123	97	94	94	90	88	88	83
Updated formats	63	69	86	87	87	97	106	106	111
Outlet stores	41	40	37	36	37	38	37	37	37
Flagship stores	14	6	4	3	3	3	2	2	2
Total stores	308	238	224	220	221	228	233	233	233
				Fiscal 2022					Fiscal 2023
	2019	2020	2021	Q1YTD	Q2YTD	Q3YTD	Q4YTD	2022	Q1YTD
New stores	21	9	16	1	2	10	21	21	3
Remodels	0	0	0	0	0	0	0	0	0
Right-sizes	14	2	3	0	0	3	4	4	0
New experiences	35	11	19	1	2	13	25	25	3
Permanent closures	(32)	(81)	(30)	(5)	(5)	(6)	(12)	(12)	(3)

3

Abercrombie & Fitch Co.
Store fleet detail
(Unaudited)
Hollister
				Fiscal 2022					Fiscal 2023
	2019	2020	2021	Q1	Q2	Q3	Q4	2022	Q1
Legacy stores	240	199	185	185	184	183	173	173	167
Updated formats	290	285	304	307	310	323	334	334	342
Outlet stores	15	12	15	15	18	16	22	22	16
Flagship stores	1	1	1	1	1	1	0	0	0
Total stores	546	497	505	508	513	523	529	529	525
				Fiscal 2022					Fiscal 2023
	2019	2020	2021	Q1YTD	Q2YTD	Q3YTD	Q4YTD	2022	Q1YTD
New stores	19	6	22	3	9	21	38	38	3
Remodels	24	4	2	1	1	2	1	1	3
Right-sizes	12	4	2	0	0	3	4	4	1
New experiences	55	14	26	4	10	26	43	43	7
Permanent closures	(15)	(56)	(14)	—	(2)	(3)	(14)	(14)	(7)

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