ABERCROMBIE & FITCH CO /DE/
For the period ended Jan 31, 2026. Filed Mar 26, 2026.
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FY2026 · Filed Mar 26, 2026
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INTERCHANGE FEE SETTLEMENT
- INTERCHANGE FEE SETTLEMENT
Litigation settlement
In Fiscal 2025, the Company entered into a settlement related to the resolution of a payment card interchange fee litigation in which it was a plaintiff. The settlement resulted in a $39 million net benefit recorded in the Consolidated Statements of Operations and Comprehensive Income for Fiscal 2025. The net benefit is comprised of a $43 million settlement benefit recorded within selling expense and a $4 million settlement-related expense recorded within general and administrative expense.
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