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SEGMENT REPORTING
 6 Months Ended
Aug. 02, 2025
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
The Company’s reportable segments are based on the financial information the chief operating decision maker (“CODM”) uses to allocate resources and assess performance of its business.

The Company manages its business on a geographic basis, consisting of three reportable segments: Americas; EMEA; and APAC. Corporate functions and other income and expenses are evaluated on a consolidated basis and are not allocated to the Company’s segments, and therefore are included as a reconciling item between segment and total operating income. The Americas reportable segment includes the results of operations in North America and South America. The EMEA reportable segment includes the results of operations in Europe, the Middle East and Africa. The APAC reportable segment includes the results of operations in the Asia-Pacific region, including Asia and Oceania. Intersegment sales and transfers are recorded at cost and are treated as a transfer of inventory. All intercompany revenues are eliminated in consolidation and are not reviewed when evaluating segment performance.

The group comprised of the Company’s (i) Chief Executive Officer, (ii) Chief Operating Officer, and (iii) Chief Financial Officer functions as the Company’s CODM. The Company’s CODM manages business operations and evaluates the performance of each segment based on the net sales and operating income (loss) of the segment. The CODM considers actual performance relative to expectations and growth potential to determine the appropriate allocation of resources to each segment.

Net sales by segment are presented by attributing revenues to a physical store location or geographical region that fulfills the order. Operating income (loss) for each segment includes net sales to third parties, related cost of sales and operating expenses directly attributed to the segment. Corporate/other expenses include expenses incurred that are not directly attributed to a reportable segment and primarily relate to corporate or global functions such as design, sourcing, brand management, corporate strategy, information technology, finance, treasury, legal, human resources, and other corporate support services, as well as certain globally managed components of the planning, merchandising, and marketing functions.

The Company reports inventories by segment as that information is used by the CODM in determining allocation of resources to the segments. The Company does not report its other assets by segment as that information is not used by the CODM in assessing segment performance or allocating resources.

The following tables provide the Company’s segment information as of August 2, 2025, February 1, 2025 and August 3, 2024, and for the thirteen and twenty-six weeks ended August 2, 2025 and August 3, 2024:

Thirteen Weeks Ended August 2, 2025
(in thousands)
Americas (1)
EMEAAPACTotal
Net sales$974,200 $197,210 $37,150 $1,208,560 
Cost of sales, exclusive of depreciation and amortization360,569 77,401 13,620 451,590 
Store occupancy (2)
90,136 30,106 12,082 132,324 
Fulfillment (2)
68,708 22,857 4,901 96,466 
Other expense (3)
134,958 42,316 12,514 189,788 
Segment income (loss)$319,829 $24,530 $(5,967)$338,392 
Operating loss not attributed to segments:
Corporate and other unallocated expenses (4)
(131,734)
Operating income$206,658 
Interest income, net
(2,474)
Income before income taxes
$209,132 
Depreciation and amortization$20,304 $5,913 $1,829 $28,046 
Depreciation and amortization not attributed to segments9,378 
Total depreciation and amortization$37,424 
Capital expenditures$41,958 $8,877 $4,839 $55,674 
Capital expenditures not attributed to segments10,505 
Total capital expenditures$66,179 
Thirteen Weeks Ended August 3, 2024
(in thousands)
Americas (1)
EMEAAPACTotal
Net sales$901,224 $199,682 $33,068 $1,133,974 
Cost of sales, exclusive of depreciation and amortization314,291 71,798 11,623 397,712 
Store occupancy (2)
81,848 28,963 7,936 118,747 
Fulfillment (2)
83,210 19,462 4,130 106,802 
Other expense (3)
146,755 41,419 12,624 200,798 
Segment income (loss)$275,120 $38,040 $(3,245)$309,915 
Operating loss not attributed to segments:
Corporate and other unallocated expenses (4)
(134,290)
Operating income$175,625 
Interest income, net
(5,203)
Income before income taxes
$180,828 
Depreciation and amortization$21,181 $7,647 $2,472 $31,300 
Depreciation and amortization not attributed to segments8,055 
Total depreciation and amortization$39,355 
Capital expenditures$24,517 $2,679 $3,870 $31,066 
Capital expenditures not attributed to segments11,697 
Total capital expenditures$42,763 
(1)Includes the U.S., Canada, and Latin America. Net sales in the U.S. were $0.9 billion and $0.9 billion for the thirteen weeks ended August 2, 2025 and August 3, 2024, respectively.
(2)Included in selling expense on the Condensed Consolidated Statements of Operations and Comprehensive Income.
(3)Other expense includes store payroll, other direct store controllable and marketing expenses included in selling expense, as well as allocated and support related expenses included in general and administrative expense on the Condensed Consolidated Statements of Operations and Comprehensive Income.
(4)Corporate and other unallocated expenses represent corporate overhead expenses that have not been allocated to any segment.

Twenty-Six Weeks Ended August 2, 2025
(in thousands)
Americas (1)
EMEAAPACTotal
Net sales$1,849,004 $382,246 $74,621 $2,305,871 
Cost of sales, exclusive of depreciation and amortization690,492 150,998 27,233 868,723 
Store occupancy (2)
175,056 59,080 22,607 256,743 
Fulfillment (2)
153,754 46,343 9,834 209,931 
Other expense (3)
282,913 85,261 25,324 393,498 
Segment income (loss)$546,789 $40,564 $(10,377)$576,976 
Operating loss not attributed to segments:
Corporate and other unallocated expenses (4)
(268,785)
Operating income$308,191 
Interest income, net
(9,257)
Income before income taxes
$317,448 
Depreciation and amortization$43,259 $11,508 $3,867 $58,634 
Depreciation and amortization not attributed to segments17,366 
Total depreciation and amortization$76,000 
Capital expenditures$71,996 $16,906 $8,861 $97,763 
Capital expenditures not attributed to segments19,180 
Total capital expenditures$116,943 
Twenty-Six Weeks Ended August 3, 2024
(in thousands)
Americas (1)
EMEAAPACTotal
Net sales$1,721,345 $364,460 $68,899 $2,154,704 
Cost of sales, exclusive of depreciation and amortization587,790 129,676 23,519 740,985 
Store occupancy (2)
160,729 55,595 15,459 231,783 
Fulfillment (2)
163,812 37,358 8,009 209,179 
Other expense (3)
281,547 79,290 25,479 386,316 
Segment income (loss)$527,467 $62,541 $(3,567)$586,441 
Operating loss not attributed to segments:
Corporate and other unallocated expenses (4)
(280,967)
Operating income$305,474 
Interest income, net
(10,226)
Income before income taxes
$315,700 
Depreciation and amortization$41,077 $13,418 $3,936 $58,431 
Depreciation and amortization not attributed to segments18,613 
Total depreciation and amortization$77,044 
Capital expenditures$45,421 $5,892 $5,144 $56,457 
Capital expenditures not attributed to segments25,192 
Total capital expenditures$81,649 
(1)Includes the U.S., Canada, and Latin America. Net sales in the U.S. were $1.8 billion and $1.6 billion for the twenty-six weeks ended August 2, 2025 and August 3, 2024, respectively.
(2)Included in selling expense on the Condensed Consolidated Statements of Operations and Comprehensive Income.
(3)Other expense includes store payroll, other direct store controllable and marketing expenses included in selling expense, as well as allocated and support related expenses included in general and administrative expense on the Condensed Consolidated Statements of Operations and Comprehensive Income.
(4)Corporate and other unallocated expenses represent corporate overhead expenses that have not been allocated to any segment.
Assets
(in thousands)August 2, 2025February 1, 2025August 3, 2024
Inventories
Americas$482,533 $463,148 $438,076 
EMEA87,534 88,728 80,418 
APAC22,899 23,129 21,265 
Total inventories$592,966 $575,005 $539,759 
Assets not attributed to segments
2,708,975 2,724,882 2,509,799 
Total assets$3,301,941 $3,299,887 $3,049,558 

The Company’s long-lived assets and intellectual property, which primarily relates to trademark assets associated with the Company’s global operations, by geographic area as of August 2, 2025, February 1, 2025 and August 3, 2024 were as follows:

(in thousands)August 2, 2025February 1, 2025August 3, 2024
Americas (1) (2)
$1,124,462 $991,673 $1,002,222 
EMEA (3)
344,708 292,285 249,522 
APAC121,125 114,388 67,390 
Total$1,590,295 $1,398,346 $1,319,134 
(1)Includes the U.S., Canada, and Latin America. Long-lived assets and intellectual property located in the U.S. were $1.1 billion, $965 million, and $971 million as of August 2, 2025, February 1, 2025 and August 3, 2024, respectively.
(2)Includes intellectual property of $2.9 million, $2.9 million, and $2.9 million as of August 2, 2025, February 1, 2025, and August 3, 2024, respectively.
(3)Includes intellectual property of $15.2 million, $16.6 million, and $17.0 million as of August 2, 2025, February 1, 2025, and August 3, 2024, respectively.

Brand Information

The following table provides additional disaggregated revenue information, which is categorized by brand, for the thirteen and twenty-six weeks ended August 2, 2025 and August 3, 2024:
Thirteen Weeks EndedTwenty-Six Weeks Ended
(in thousands)August 2, 2025August 3, 2024August 2, 2025August 3, 2024
Abercrombie
$551,868 $582,416 $1,099,815 $1,153,929 
Hollister
656,692 551,558 1,206,056 1,000,775 
Total$1,208,560 $1,133,974 $2,305,871 $2,154,704