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ABERCROMBIE & FITCH CO /DE/

For the period ended Feb 1, 2025. Filed Mar 31, 2025.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 31, 2025

ANF$154.00+0.8%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Table of Contents

PART I
Item 1.Business4
Item 1A.Risk Factors12
Item 1B.Unresolved Staff Comments25
Item 1C.Cybersecurity25
Item 2.Properties26
Item 3.Legal Proceedings26
Item 4.Mine Safety Disclosures26
PART II
Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities27
Item 6.[Reserved]28
Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations29
Item 7A.Quantitative and Qualitative Disclosures About Market Risk44
Item 8.Financial Statements and Supplementary Data45
Consolidated Statements of Operations and Comprehensive Income (Loss)45
Consolidated Balance Sheets46
Consolidated Statements of Stockholders’ Equity47
Consolidated Statements of Cash Flows48
Index for Notes to Consolidated Financial Statements49
Notes to Consolidated Financial Statements50
Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure82
Item 9A.Controls and Procedures82
Item 9B.Other Information83
Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections83
PART III
Item 10.Directors, Executive Officers and Corporate Governance84
Item 11.Executive Compensation85
Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters85
Item 13.Certain Relationships and Related Transactions, and Director Independence85
Item 14.Principal Accountant Fees and Services85
PART IV
Item 15.Exhibits and Financial Statement Schedules86
Index to Exhibits87
Signatures90

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain statements in this Annual Report on Form 10-K may constitute forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995) that involve risks and uncertainties and are subject to change based on various important factors, many of which may be beyond our control. Words such as “estimate,” “project,” “plan,” “believe,” “expect,” “anticipate,” “intend,” “should,” “are confident,” “will,” “could,” “outlook,” or the negative versions of those words or other comparable words and similar expressions may identify forward-looking statements. Future economic and industry trends that could potentially impact revenue and profitability are difficult to predict. Therefore, there can be no assurance that the forward-looking statements included in this Annual Report on Form 10-K will prove to be accurate. Factors that could cause results to differ from those expressed in the forward-looking statements include, but are not limited to, the risks described or referenced in “ITEM 1A. RISK FACTORS,” of this Annual Report on Form 10-K and otherwise in our reports and filings with the SEC, as well as the following:

risks related to changes in global economic and financial conditions, including inflation, and the resulting impact on consumer spending generally and on our operating results, financial condition, and expense management, and our ability to adequately mitigate the impact;

risks related to global operations, including changes in the economic or political conditions where we sell or source our products or changes in import tariffs or trade restrictions;

risks related to the geopolitical landscape and ongoing armed conflicts, and the impact of such conflicts on international trade, supplier delivery or increased freight costs, acts of terrorism, mass casualty events, social unrest, civil disturbance or disobedience;

risks related to natural disasters and other unforeseen catastrophic events;

risks related to our failure to engage our customers, anticipate customer demand, expectations, and changing fashion trends, and manage our inventory and product delivery;

risks related to our ability to successfully invest in and execute on our customer, digital and omnichannel initiatives;

risks related to the effects of seasonal fluctuations on our sales and our performance during the back-to-school and holiday selling seasons;

risks related to fluctuations in foreign currency exchange rates;

risks related to fluctuations in our tax obligations and effective tax rate, including as a result of earnings and losses generated from our international operations;

risks related to our ability to execute on, and maintain the success of, our strategic and growth initiatives;

risks and uncertainty related to adverse public health developments;

risks related to cybersecurity threats and privacy or data security breaches;

risks related to the potential loss or disruption of our information systems;

risks related to the continued validity of our trademarks and our ability to protect our intellectual property;

risks associated with climate change and other corporate responsibility issues;

risks related to reputational harm to the Company, its officers, and directors;

risks related to actual or threatened litigation; and

uncertainties related to future legislation, regulatory reform, policy changes, or interpretive guidance on existing laws and regulations.

In light of the significant uncertainties in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company, or any other person, that the objectives of the Company will be achieved. The forward-looking statements included herein are based on information presently available to the management of the Company. Except as may be required by applicable law, the Company assumes no obligation to publicly update or revise its forward-looking statements, including any financial targets and estimates, whether as a result of new information, future events, or otherwise. As used herein, “Abercrombie & Fitch Co.,” “A&F,” the “Company,” “we,” “us,” “our,” and similar terms include Abercrombie & Fitch Co. and its subsidiaries, unless the context indicates otherwise.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.