Abercrombie & Fitch Q3 Financials Released

TL;DR

**AFIN Q3: Current assets $291.3M, liabilities $211.0M. Filed Dec 6.**

AI Summary

Abercrombie & Fitch Co. reported its third-quarter results for the period ending November 2, 2024. The company's financial statements show current assets of $291.3 million and current liabilities of $211.0 million. This filing covers the period from August 4, 2024, to November 2, 2024, and was submitted on December 6, 2024.

Why It Matters

This filing provides insight into Abercrombie & Fitch's financial health and operational performance during the third quarter, which can influence investor decisions and market perception.

Risk Assessment

Risk Level: low — This is a routine quarterly financial filing with no immediate red flags.

Key Numbers

• $291.3M — Current Assets (As of November 2, 2024)
• $211.0M — Current Liabilities (As of November 2, 2024)
• 2024-11-02 — Fiscal Period End (End of the third quarter)
• 2024-12-06 — Filing Date (Date the 10-Q was submitted to the SEC)

Key Players & Entities

• Abercrombie & Fitch Co. (company) — Filer of the 10-Q report
• 2024-11-02 (date) — End of the reporting period
• 2024-12-06 (date) — Date the filing was submitted
• $291.3 million (dollar_amount) — Total current assets
• $211.0 million (dollar_amount) — Total current liabilities

FAQ

Key Financial Figures

• $0.01 — which registered Class A Common Stock, $0.01 Par Value ANF New York Stock Exchange

Filing Documents

• anf-20241102.htm (10-Q) — 1736KB
• exhibit101.htm (EX-10.1) — 96KB
• exhibit311-ceocertq32024.htm (EX-31.1) — 9KB
• exhibit312-cfocertq32024.htm (EX-31.2) — 10KB
• exhibit321-ceocfocertq32024.htm (EX-32.1) — 6KB
• 0001018840-24-000087.txt ( ) — 8948KB
• anf-20241102.xsd (EX-101.SCH) — 58KB
• anf-20241102_cal.xml (EX-101.CAL) — 62KB
• anf-20241102_def.xml (EX-101.DEF) — 367KB
• anf-20241102_lab.xml (EX-101.LAB) — 829KB
• anf-20241102_pre.xml (EX-101.PRE) — 602KB
• anf-20241102_htm.xml (XML) — 1249KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements (Unaudited)

Item 1. Financial Statements (Unaudited) Condensed Consolidated Statements of Operations and Comprehensive Income 3 Condensed Consolidated Balance Sheets 4 Condensed Consolidated Statements of Stockholders' Equity 5 Condensed Consolidated Statements of Cash Flows 7 Index for Notes to Condensed Consolidated Financial Statements 8 Notes to Condensed Consolidated Financial Statements 9

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 22

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 41

Controls and Procedures

Item 4. Controls and Procedures 42

OTHER INFORMATION

PART II. OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 43

Risk Factors

Item 1A. Risk Factors 43

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 44

Other Information

Item 5. Other Information 45

Exhibits

Item 6. Exhibits 45

Signatures

Signatures 46 Abercrombie & Fitch Co. 2 2024 3Q Form 10-Q Table of Contents

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements (Unaudited)

Item 1. Financial Statements (Unaudited) Abercrombie & Fitch Co. Condensed Consolidated Statements of Operations and Comprehensive Income (Thousands, except per share amounts) (Unaudited) Thirteen Weeks Ended Thirty-Nine Weeks Ended November 2, 2024 October 28, 2023 November 2, 2024 October 28, 2023 Net sales $ 1,208,966 $ 1,056,431 $ 3,363,670 $ 2,827,770 Cost of sales, exclusive of depreciation and amortization 422,034 370,762 1,163,019 1,047,927 Gross profit 786,932 685,669 2,200,651 1,779,843 Stores and distribution expense 419,235 383,883 1,181,154 1,072,662 Marketing, general and administrative expense 190,001 162,510 538,352 449,643 Other operating (income) loss, net ( 1,586 ) 1,256 ( 3,611 ) ( 4,332 ) Operating income 179,282 138,020 484,756 261,870 Interest expense 569 8,568 11,538 23,661 Interest income ( 9,302 ) ( 7,897 ) ( 30,497 ) ( 18,450 ) Interest (income) expense, net ( 8,733 ) 671 ( 18,959 ) 5,211 Income before income taxes 188,015 137,349 503,715 256,659 Income tax expense 54,151 39,617 119,394 82,349 Net income 133,864 97,732 384,321 174,310 Less: Net income attributable to noncontrolling interests 1,885 1,521 5,324 4,634 Net income attributable to A&F $ 131,979 $ 96,211 $ 378,997 $ 169,676 Net income per share attributable to A&F Basic $ 2.59 $ 1.91 $ 7.43 $ 3.38 Diluted $ 2.50 $ 1.83 $ 7.13 $ 3.25 Weighted-average shares outstanding Basic 50,951 50,504 51,030 50,138 Diluted 52,869 52,624 53,141 52,154 Other comprehensive income Foreign currency translation adjustments, net of tax $ 84 $ ( 5,042 ) $ 1,688 $ ( 8,567 ) Derivative financial instruments, net of tax 1,461 7,259 834 9,906 Other comprehensive income 1,545 2,217 2,522 1,339 Comprehensive income 135,409 99,949 386,843 175,649 Less: Comprehensive income attributable to noncontrolling interests 1,885 1,521 5,324 4,634 Comprehensive income attributable to A&F $ 133,524 $ 98,428 $ 381,519 $ 171,015 The accompanying Notes are an integral part of these

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