10-K annual report · filed Mar 31, 2025

ABERCROMBIE & FITCH CO /DE/ (ANF) FY2025 10-K Annual Report

Short answer

ABERCROMBIE & FITCH CO /DE/ (ANF) filed its fiscal 2025 10-K annual report with the SEC on Mar 31, 2025. It reported revenue of $4.9B (+15.6% year over year) and net income of $566M.

  • Top risk flagged: Geopolitical risk: ongoing conflicts in Russia-Ukraine and the Middle East disrupting supply chain and store operations globally

FY2025 key financial metrics · XBRL

Revenue
$4.9B
+15.6% YoY
Net income
$566M
+72.6% YoY
Operating margin
15.0%
+3.6 pp YoY
EPS (diluted)
$10.69
+71.9% YoY
ROE
42.4%
+10.7 pp YoY
Operating cash flow
$710M
+8.7% YoY

Source: XBRL data from the ABERCROMBIE & FITCH CO /DE/ (ANF) FY2025 10-K on SEC EDGAR. USD.

ABERCROMBIE & FITCH CO /DE/ FY2025 10-K analysis

AI summary of each section, grounded in the filing text

Business Overview

  • Core business model: Global apparel and accessories retailer targeting casual, lifestyle consumers
  • No new products, services, or segments explicitly introduced or emphasized in the 2025 filing
  • Continued focus on corporate governance enhancements, including updated Codes of Business Conduct, Insider Trading Policy, and Board procedures
  • No quantitative metrics disclosed in this section; detailed financials and ownership info incorporated by reference in 2025 Proxy Statement
  • Filing heavily incorporates proxy statement details by reference, reflecting streamlined disclosure approach versus prior 10-Ks

Management Discussion & Analysis

  • Revenue $4.95B, up 16% YoY from $4.28B in FY23 on constant currency basis
  • Operating income $741M with margin approx. 15.0% ($741M/$4.95B) vs $485M margin approx. 11.3%, +370 bps YoY
  • Best segment: digital & comparable store sales driving total revenue growth (specific segment details not disclosed)
  • Net income $574M, margin 11.6% vs $335M, 7.8% in FY23; Adjusted EBITDA $895M, 18.1% margin vs $630M, 14.7% YoY
  • No asset impairment charges in FY24 vs $4.4M in FY23 included in adjusted metrics
  • Cash flow, capital allocation data (buybacks, dividends, capex) not provided in this section
  • Management uses non-GAAP and constant currency metrics for performance assessment and outlook; no explicit forward guidance or emerging risks disclosed

Risk Factors

  • Geopolitical risk: ongoing conflicts in Russia-Ukraine and the Middle East disrupting supply chain and store operations globally
  • Supply chain vulnerability: substantial merchandise imports from foreign countries risk delayed deliveries and increased freight costs
  • Competitive disruption: growing shift to digital channels reducing shopping mall traffic, impacting stores primarily located in malls
  • Financial risk: global revenue declines may lead to store closures, restructuring costs, and impairment losses affecting profitability
  • Regulatory risk: compliance exposure to U.S. Foreign Corrupt Practices Act and foreign laws with potential sanctions or penalties

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