$ANF Abercrombie & Fitch Co. | Understand Stock

What Do They Do?

Sells Hollister apparel to customers worldwide and offers Abercrombie apparel and accessories for men, women and kids.

How Do They Make Money?

The company earns from product sales when merchandise is picked up or shipped; wholesale sales count when shipped, while franchise and licensing royalties are earned when products sell through partners.

revenue

Segment	Share	Revenue	How money arrives
Abercrombie Sold outright	48% FY2022: 47%		Sold outright
Hollister Sold outright	52% FY2022: 53%		Sold outright

Who Are Their Customers?

Men, women and kids shop through company-owned stores and digital channels; franchisees, wholesale partners and third-party e-commerce platforms extend sales through other channels.

Do Revenues Turn Into Profits?

Yes. It kept 10 cents of every revenue dollar as net income in FY2025 and turned 7 cents into free cash flow.

Operating income, FY2025

13% of revenue

▼ −6% vs FY2024 ($740.8M, 15%)

Net income, FY2025

10% of revenue

▼ −10% vs FY2024 ($566.2M, 11%)

Free cash flow, FY2025

7% of revenue

▼ −28% vs FY2024 ($527.5M, 11%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Aug 1, 2026

Revenue: ▲ +5%; vs $1.2B in Q2 FY2025
Net income: ▲ +30%; vs $141.4M in Q2 FY2025

Hollister share of revenue vs 54.3% in Q2 FY2025

Aug 26, 2026 Updated full-year sales and earnings outlook The updated outlook calls for around 5% net sales growth and $13.10 to $13.60 in net income per diluted share.

Growing. Revenue grew 42% in 4 years, from $3.7B in FY2021 to $5.3B in FY2025, about 9% a year.

Revenue over time

Abercrombie Hollister

$10B$5B$0

FY2021 FY2022 FY2023 FY2024 FY2025