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SEGMENT REPORTING
 9 Months Ended
Nov. 01, 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 November 1, 2025, February 1, 2025 and November 2, 2024, and for the thirteen and thirty-nine weeks ended November 1, 2025 and November 2, 2024:

Thirteen Weeks Ended November 1, 2025
(in thousands)
Americas (1)
EMEAAPACTotal
Net sales$1,057,448 $194,510 $38,661 $1,290,619 
Cost of sales, exclusive of depreciation and amortization396,031 72,636 15,003 483,670 
Store occupancy (2)
93,558 30,779 10,471 134,808 
Fulfillment (2)
95,099 21,406 4,616 121,121 
Other expense (3)
184,174 48,205 14,877 247,256 
Segment income (loss)$288,586 $21,484 $(6,306)$303,764 
Operating loss not attributed to segments:
Corporate and other unallocated expenses (4)
(148,743)
Operating income$155,021 
Interest income, net
(5,941)
Income before income taxes
$160,962 
Depreciation and amortization$21,762 $6,188 $1,864 $29,814 
Depreciation and amortization not attributed to segments8,752 
Total depreciation and amortization$38,566 
Capital expenditures$41,111 $13,827 $3,923 $58,861 
Capital expenditures not attributed to segments9,408 
Total capital expenditures$68,269 
Thirteen Weeks Ended November 2, 2024
(in thousands)
Americas (1)
EMEAAPACTotal
Net sales$986,449 $181,592 $40,925 $1,208,966 
Cost of sales, exclusive of depreciation and amortization342,077 66,215 13,742 422,034 
Store occupancy (2)
82,337 31,129 11,416 124,882 
Fulfillment (2)
96,930 20,292 5,045 122,267 
Other expense (3)
160,563 42,248 14,903 217,714 
Segment income (loss)$304,542 $21,708 $(4,181)$322,069 
Operating loss not attributed to segments:
Corporate and other unallocated expenses (4)
(142,787)
Operating income$179,282 
Interest income, net
(8,733)
Income before income taxes
$188,015 
Depreciation and amortization$23,181 $6,142 $2,177 $31,500 
Depreciation and amortization not attributed to segments8,066 
Total depreciation and amortization$39,566 
Capital expenditures$28,788 $4,059 $5,231 $38,078 
Capital expenditures not attributed to segments12,313 
Total capital expenditures$50,391 
(1)Includes the U.S., Canada, and Latin America. Net sales in the U.S. were $1.0 billion and $0.9 billion for the thirteen weeks ended November 1, 2025 and November 2, 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.

Thirty-Nine Weeks Ended November 1, 2025
(in thousands)
Americas (1)
EMEAAPACTotal
Net sales$2,906,452 $576,756 $113,282 $3,596,490 
Cost of sales, exclusive of depreciation and amortization1,086,523 223,634 42,236 1,352,393 
Store occupancy (2)
268,614 89,859 33,078 391,551 
Fulfillment (2)
248,853 67,749 14,450 331,052 
Other expense (3)
467,087 133,466 40,201 640,754 
Segment income (loss)$835,375 $62,048 $(16,683)$880,740 
Operating loss not attributed to segments:
Corporate and other unallocated expenses (4)
(417,528)
Operating income$463,212 
Interest income, net
(15,198)
Income before income taxes
$478,410 
Depreciation and amortization$65,021 $17,696 $5,731 $88,448 
Depreciation and amortization not attributed to segments26,118 
Total depreciation and amortization$114,566 
Capital expenditures$113,107 $30,733 $12,784 $156,624 
Capital expenditures not attributed to segments28,588 
Total capital expenditures$185,212 
Thirty-Nine Weeks Ended November 2, 2024
(in thousands)
Americas (1)
EMEAAPACTotal
Net sales$2,707,794 $546,052 $109,824 $3,363,670 
Cost of sales, exclusive of depreciation and amortization929,867 195,891 37,261 1,163,019 
Store occupancy (2)
243,066 86,724 26,875 356,665 
Fulfillment (2)
260,742 57,650 13,054 331,446 
Other expense (3)
442,110 121,538 40,382 604,030 
Segment income (loss)$832,009 $84,249 $(7,748)$908,510 
Operating loss not attributed to segments:
Corporate and other unallocated expenses (4)
(423,754)
Operating income$484,756 
Interest income, net
(18,959)
Income before income taxes
$503,715 
Depreciation and amortization$64,258 $19,560 $6,113 $89,931 
Depreciation and amortization not attributed to segments26,679 
Total depreciation and amortization$116,610 
Capital expenditures$74,209 $9,951 $10,375 $94,535 
Capital expenditures not attributed to segments37,505 
Total capital expenditures$132,040 
(1)Includes the U.S., Canada, and Latin America. Net sales in the U.S. were $2.8 billion and $2.6 billion for the thirty-nine weeks ended November 1, 2025 and November 2, 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)November 1, 2025February 1, 2025November 2, 2024
Inventories
Americas$596,180 $463,148 $569,713 
EMEA106,225 88,728 98,842 
APAC28,048 23,129 24,041 
Total inventories$730,453 $575,005 $692,596 
Assets not attributed to segments
2,749,465 2,724,882 2,577,276 
Total assets$3,479,918 $3,299,887 $3,269,872 

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 November 1, 2025, February 1, 2025 and November 2, 2024 were as follows:

(in thousands)November 1, 2025February 1, 2025November 2, 2024
Americas (1) (2)
$1,152,915 $991,673 $1,011,067 
EMEA (3)
366,759 292,285 278,878 
APAC125,782 114,388 98,459 
Total$1,645,456 $1,398,346 $1,388,404 
(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 $982 million as of November 1, 2025, February 1, 2025, and November 2, 2024, respectively.
(2)Includes intellectual property of $2.9 million, $2.9 million, and $2.9 million as of November 1, 2025, February 1, 2025, and November 2, 2024, respectively.
(3)Includes intellectual property of $15.0 million, $16.6 million, and $16.8 million as of November 1, 2025, February 1, 2025, and November 2, 2024, respectively.

Brand Information

The following table provides additional disaggregated revenue information, which is categorized by brand, for the thirteen and thirty-nine weeks ended November 1, 2025 and November 2, 2024:
Thirteen Weeks EndedThirty-Nine Weeks Ended
(in thousands)November 1, 2025November 2, 2024November 1, 2025November 2, 2024
Abercrombie
$617,345 $629,835 $1,717,160 $1,783,764 
Hollister
673,274 579,131 1,879,330 1,579,906 
Total$1,290,619 $1,208,966 $3,596,490 $3,363,670