This audio is auto-generated. Please let us know if you have feedback Selling clothing is tough on a good day, given how quickly fashion tastes can shift. With tariffs and consumer anxiety adding to the level of difficulty, this year seemed destined to run roughshod over apparel retailers’ performance.Yet many have thrived. Through October, compared to a year ago, apparel sales rose every month except February, sometimes 6% or more, according to the U.S. Department of Commerce. In Q3, apparel retailers inc ...

Shoppers carry Macy's bags outside of Macy's flagship store on Black Friday in New York, US, on Friday, Nov. 28, 2025. Adam Gray | Bloomberg | Getty ImagesAndre Lewis said he's "anxious 364 days of the year." Yet the rideshare and delivery driver wants to make it a special holiday season for his 7-year-old daughter."I told myself I'd keep it modest," said the 31-year-old, who lives in New York City. But he said his daughter wants a pink keyboard that lights up, and he'll buy it for her — "even if it's a lit ...

Investors with a lot of money to spend have taken a bullish stance on Abercrombie & Fitch (NYSE:ANF).And retail traders should know.We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ANF, it often means somebody knows something is about to happen.Today, Benzinga's options scanner spotted 8 options trades for Abercrombie & Fit ...

Kettle Hill Capital Management sold $23 million worth of Abercrombie & Fitch stock during the third quarter.Kettle Hill Capital Management, LLC fully exited its position in Abercrombie & Fitch (ANF +2.87%) during the third quarter, a move estimated at $23.39 million, according to a November 13, 2025, SEC filing.What HappenedAccording to a filing with the Securities and Exchange Commission dated November 13, 2025, Kettle Hill Capital Management, LLC sold all 282,366 shares of Abercrombie & Fitch held as of J ...

Ex-Abercrombie & Fitch CEO fit to stand trial, prison officials say https://t.co/dJHeyn4QSX ...

华尔街最受热议且对市场有影响的研报评级如今汇总于此。以下是由 The Fly 整理的、投资者今日需关 注的研报评级变动。 五大评级上调 华尔街最受热议且对市场有影响的研报评级如今汇总于此。以下是由 The Fly 整理的、投资者今日需关 注的研报评级变动。 五大评级上调 五大评级下调 五大首次覆盖评级 责任编辑：郭明煜 五大评级下调 五大首次覆盖评级 责任编辑：郭明煜 1. 杰富瑞将罗库（ROKU）的评级从 "持有" 上调至 "买入"，目标价从 100 美元上调至 135 美元。该 机构认为，在乐观情形下，罗库的平台营收有望实现 20% 以上的增长。 2. 派珀・桑德勒将 Unity（U）的评级从 "中性" 上调至 "增持"，目标价从 43 美元上调至 59 美元。 该机构表示，进入 2026 年，移动应用广告市场 "态势良好"。BTIG 也将 Unity 的评级从 "中性" 上 调至 "买入"，目标价定为 60 美元。 3. 花旗将赛默飞世尔（TMO）的评级从 "中性" 上调至 "买入"，目标价从 580 美元上调至 660 美 元。该机构认为，赛默飞世尔将受益于制药支出增加以及产业本土化带来的利好。 4. ...

Core Insights - Nedap partners with Abercrombie & Fitch Co. to implement the iD Cloud platform across multiple regions, enhancing inventory visibility and omnichannel capabilities [1][2][4] Company Overview - Nedap is a leader in item-level inventory visibility for retail, with over 20,000 stores using its iD Cloud platform, which utilizes RFID technology for real-time inventory insights [5] - Abercrombie & Fitch Co. operates approximately 810 stores globally and focuses on digitally led omnichannel retailing, catering to a diverse customer base [9] Implementation Details - Following a successful pilot in 15 stores, Abercrombie & Fitch began deploying the iD Cloud Store solution in June 2025, with full implementation expected by the end of December 2025 [2] - The deployment aims to improve inventory accuracy, on-shelf product availability, and streamline store processes such as order fulfillment and inventory replenishment [3][4] Strategic Importance - The partnership is part of Abercrombie & Fitch's strategy to enhance its omnichannel fulfillment and overall productivity, positioning the company for long-term success [2][3] - The implementation of iD Cloud is expected to elevate Abercrombie & Fitch's omnichannel capabilities, driving efficiency and customer satisfaction [4]

A drastic portfolio shift just impacted one of retail’s biggest comeback stories — here’s what long-term investors should take from it.In a filing made on November 14, New York City-based RPD Fund Management disclosed a sale of 237,000 Abercrombie & Fitch Co. shares during the quarter ended September 30, 2025, reducing its position by approximately $19.6 million versus last quarter.What HappenedAccording to a Securities and Exchange Commission (SEC) filing dated November 14, RPD Fund Management reduced its ...

Financial Performance - Net sales for the thirteen weeks ended November 1, 2025, were $1,290,619, representing a 7% increase compared to $1,208,966 for the same period in 2024 [102]. - Comparable sales for the thirteen weeks increased by 3%, while the thirty-nine weeks saw a 4% increase compared to the previous year [104]. - Operating income for the thirteen weeks was $155,021, with an operating income margin of 12.0%, down from 14.8% in the prior year [102]. - Net income attributable to A&F for the thirteen weeks was $112,995, resulting in a net income per share of $2.36, compared to $2.50 in the same period last year [102]. - Net income for the thirteen weeks ended November 1, 2025, was $115,100, which is 8.9% of net sales, down from $133,864 or 11.1% for the same period in 2024 [151]. - Adjusted non-GAAP net income attributable to Abercrombie & Fitch for the year-to-date period of Fiscal 2025 was $306,046, representing 8.5% of net sales [125]. - Adjusted non-GAAP net income per diluted share for the thirty-nine weeks ended November 1, 2025, was $6.24, down 12.5% from $7.13 in the prior year [126]. - EBITDA for the thirteen weeks ended November 1, 2025, was $193.6 million, representing 15.0% of net sales, compared to $218.8 million or 18.1% of net sales in the same period of 2024 [127]. - Adjusted EBITDA for the thirty-nine weeks ended November 1, 2025, was $539,204, accounting for 15.0% of net sales, compared to $601,366 or 17.9% for the same period in 2024 [151]. Store Operations - The Company opened 48 new stores, remodeled 24 stores, and closed 10 stores through the end of the third fiscal quarter, with a plan for approximately 40 net store openings in Fiscal 2025 [96]. - The Company is focused on driving sales growth through marketing and store investments while pursuing new geographies via franchise, wholesale, and licensing partnerships [88]. Expenses and Costs - The Company expects to incur approximately $90 million of net tariff expense, or 170 basis points as a percent of net sales, negatively impacting operating profit in Fiscal 2025 [91]. - Cost of sales for the thirteen weeks was $483,670, representing 37.5% of net sales, an increase of 260 basis points from the previous year [108]. - Selling expenses for the thirteen weeks were $420,990, accounting for 35.6% of net sales, an increase of 80 basis points year-over-year [111]. - General and administrative expenses for the thirteen weeks ended November 1, 2025, were $188,246, a decrease of $5 million compared to the same period in 2024, with a percentage of net sales decreasing by 60 basis points to 15.0% [114]. - For the year-to-date period of Fiscal 2025, general and administrative expenses decreased by $12 million compared to the previous year, with a percentage of net sales decreasing by 140 basis points to 15.1% [115]. Cash Flow and Liquidity - Cash and equivalents decreased to $605,783 as of November 1, 2025, from $772,727 as of February 1, 2025 [102]. - For the thirty-nine weeks, net cash provided by operating activities was $313,000, down from $402,756 in the previous year [102]. - The company had cash and cash equivalents of $605.8 million and total liquidity of approximately $1.1 billion, down from $772.7 million and $1.2 billion at the beginning of Fiscal 2025 [131]. - The company expects primary cash requirements over the next twelve months to focus on investments in the business, including inventory acquisition and marketing [129]. Regional Performance - The Americas region saw a net sales increase of 7% for the thirteen weeks, with comparable sales growth of 4% [106]. - Operating income for the Americas region decreased by $16 million, or 360 basis points as a percentage of region net sales, compared to the third quarter of Fiscal 2024 [120]. - Operating income for the EMEA region decreased by $22 million, or 460 basis points as a percentage of region net sales, compared to the year-to-date period of Fiscal 2024 [120]. - Hollister brand net sales increased by 16% for the thirteen weeks, while Abercrombie brand sales decreased by 2% [107]. Tax and Interest - The effective tax rate for the thirteen weeks ended November 1, 2025, was 28.5%, compared to 28.8% for the same period in 2024 [123]. - Interest income, net for the thirteen weeks ended November 1, 2025, decreased by $2.8 million compared to the same period in 2024, primarily due to a reduction in interest income from time deposits and money market accounts [121]. Strategic Initiatives - The Company anticipates implementing new merchandising and human capital management systems in the first half of Fiscal 2026 as part of its multi-year ERP system transformation [88]. - The Company is implementing mitigation strategies to address the impact of tariffs, including evaluating supply chain changes and negotiating with vendors [91]. - The Company has a disciplined investment philosophy aimed at maintaining a durable balance sheet and consistent free cash flow [99]. - The Company continues to monitor global events and assess their potential impacts on business operations [94]. - The enactment of the One Big Beautiful Bill Act did not have a material impact on the Company's consolidated financial statements [98]. Foreign Currency and Risk Management - The company uses foreign currency exchange forward contracts to mitigate risks associated with foreign currency transactions and forecasted transactions [157]. - A hypothetical 10% devaluation of the U.S. dollar against foreign currencies could decrease the fair values of foreign currency exchange forward contracts by approximately $17.5 million [158]. - The company eliminated interest rate risk by redeeming all outstanding 8.75% Senior Secured Notes on July 15, 2024 [155]. - The impact of foreign currency exchange rates on net sales was neutral for the thirteen weeks ended November 1, 2025, with no significant changes reported [149]. Share Repurchase - The company repurchased approximately 4.5 million shares of its Common Stock for about $350 million during the year-to-date period ended November 1, 2025, with $950 million remaining under the $1.3 billion share repurchase program [133].

Core Thesis - Abercrombie & Fitch Co. (ANF) is experiencing a multi-year turnaround driven by disciplined capital allocation and operational resilience, with a strong focus on omnichannel strategies [2][3] Financial Performance - As of November 28th, ANF's share price was $97.87, with trailing and forward P/E ratios of 9.42 and 9.15 respectively [1] - The company has delivered 12 consecutive quarters of growth, with record earnings from Abercrombie and nearly 20% growth from Hollister [4] - ANF has a free cash flow to enterprise value (FCF/EV) yield above 20% and a $1.1 billion buyback program, which is expected to enhance shareholder value as short positions depress the share price [3] Strategic Initiatives - The company is focusing on nostalgia-driven branding and launching a new kids line through partnerships with retailers like Macy's, which diversifies distribution channels and reduces reliance on single brands or regions [4][5] - International expansion is identified as a long-term growth lever, while immediate opportunities lie in enhancing engagement with millennials [4][5] Market Sentiment - Despite a 20% short interest reflecting investor skepticism, the fundamentals of ANF contrast positively, suggesting a compelling risk/reward profile for investors [3][5] - The stock has appreciated nearly 20% to $78, with management's conviction in intrinsic value reinforced by repurchasing double the expected amount of stock [5] Valuation Potential - Current EV/EBITDA multiple stands at 3.87, with potential re-rating towards GAP's 7.3x implying a share price above $123, while P/E alignment suggests a valuation around $120 [5]