Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common Stock, $0.01 Par Value ANF New York Stock Exchange Class A Common Stock Shares outstanding as of June 5, 2020 $0.01 Par Value 62,375,867 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 2, 2020 or ☐ TRANSITION REPORT PURSUANT TO S ...

Financial Data and Key Metrics Changes - Net sales for Q1 2020 were $485 million, down 34% year-over-year, primarily due to store closures in the U.S. and EMEA [29] - Digital sales grew by 25% year-over-year, contributing positively to offset the decline in store sales [12][29] - Gross profit rate decreased by 610 basis points to 54.4%, impacted by inventory adjustments and strategic promotions [30] - Adjusted net loss per diluted share was $3.29 compared to a loss of $0.29 in the previous year [32] Business Line Data and Key Metrics Changes - Hollister's net sales were down 36%, while Abercrombie's net sales decreased by 30%, reflecting the higher digital penetration of Abercrombie [29] - Digital sales accounted for a significant portion of revenue, with over $1 billion in digital sales in 2019, representing about one-third of total revenue [10] - Performance varied by brand, with strong digital growth in Gilly Hicks and loungewear categories across brands [17][18] Market Data and Key Metrics Changes - U.S. net sales were down 31%, EMEA down 35%, and APAC down 51% [29] - As of the call, 409 locations were operational globally, representing 48% of the store base, with varying performance across regions [24] - Store traffic was building week-over-week, with some stores experiencing sales trends above last year's levels [25] Company Strategy and Development Direction - The company is focused on optimizing its global store network and enhancing digital and omni-channel capabilities [9] - A cautious approach is being taken regarding inventory management and expense reduction to maintain liquidity [26] - The company aims to emerge from the crisis stronger, with a focus on customer engagement and adapting to new consumer behaviors [28] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the unprecedented challenges posed by COVID-19 but expressed confidence in the company's ability to adapt and thrive [27] - The company is closely monitoring consumer behavior and adjusting strategies accordingly, particularly in digital marketing and inventory management [26][66] - There is optimism regarding the gradual reopening of stores and the potential for improved sales performance as customers return [25] Other Important Information - The company ended the quarter with $704 million in cash and cash equivalents, maintaining a strong liquidity position [34] - Share repurchases and dividends were suspended as a precautionary measure, but management views this as temporary [35] - The company is actively engaging in ESG initiatives, including partnerships to reduce waste and support sustainability [23] Q&A Session Summary Question: Inquiry about Asia's performance and online business - Management noted that while stores in China reopened, other parts of APAC faced closures, impacting overall performance [39] - Positive trends in fashion items were observed, indicating a return to shopping for post-quarantine opportunities [38] Question: Inventory and promotional environment expectations - Management indicated that inventory was managed effectively, with a focus on reducing orders and SKU counts [43] - The promotional environment was initially very promotional, but management is optimistic about managing inventory effectively going forward [44] Question: Store staffing and cost reduction opportunities - Management acknowledged the need to reassess store staffing levels in light of reduced foot traffic and increased safety protocols [47] - Cost reductions of approximately $200 million were achieved, with a focus on non-customer facing expenses [64] Question: Update on store closures and flagship discussions - Management confirmed ongoing negotiations regarding leases, emphasizing the importance of having the right size and location for stores [61] - No specific updates on flagship stores were provided, but discussions with landlords are ongoing [62] Question: Digital business and customer engagement - Management expressed confidence in the digital business's growth and its role in engaging customers during store closures [54] - The company is prepared to adjust its physical footprint based on the long-term digital penetration trends [74]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 1, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-12107 Abercrombie & Fitch Co. (Exact name of registrant as specified in its charter) (State or other jurisdiction of ...

Financial Data and Key Metrics Changes - Total net sales for Q4 2019 were $1.2 billion, a 3% increase from the previous year on both reported and constant currency basis [30] - Comp sales increased by 1% compared to a 3% increase last year [30] - Gross profit rate declined by 90 basis points to 58.2% due to higher average unit costs (AUC) and adverse impacts from foreign exchange (FX) and tariffs [31] - Net income per diluted share was $1.31, down from $1.35 last year, with FX impacting results by approximately $0.07 [33] Business Line Data and Key Metrics Changes - Abercrombie brand achieved a comp sales increase of 8%, while Hollister experienced a decline of 2% [30] - The U.S. market posted a 3% comp increase, marking the 10th consecutive quarter of positive comps, while international comps improved sequentially to -3% [12][31] - Digital sales grew in the double-digit range, exceeding $1 billion in annual revenue, although two-thirds of transactions still occurred in-store [20] Market Data and Key Metrics Changes - International comp sales improved sequentially, with Europe and Asia showing significant recovery pre-coronavirus [54] - The adverse impact of the coronavirus was estimated to affect approximately $60 million to $80 million in sales for the year [40] Company Strategy and Development Direction - The company is focused on transformation initiatives, including global store network optimization and enhancing omnichannel capabilities [20][26] - Plans to continue reducing gross square footage and closing underperforming flagship stores while investing in smaller, more productive spaces [21][24] - The company aims to double its adjusted non-GAAP operating margin to 5.8% over time, despite external challenges [27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in long-term growth drivers in Europe and Asia, despite short-term challenges posed by the coronavirus [10] - The company anticipates a flat to 2% increase in net sales for the year, factoring in the impact of the coronavirus [40] - Management emphasized the importance of controlling internal factors while navigating external uncertainties [29] Other Important Information - The company has made significant progress in its ESG efforts, including participation in the UN Global Compact [9] - The company plans to open approximately 40 new stores in 2020, maintaining a consistent pace of store openings [68] Q&A Session Summary Question: Competitive landscape in the U.S. market and impact of store closings - Management noted that while the competitive landscape remains challenging, store closures in the industry could provide opportunities for real estate expansion [44] Question: Changes in inventory and expense planning due to coronavirus - Management confirmed that inventory and expense planning processes remain unchanged, with a focus on weekly assessments [48] Question: Performance of Abercrombie and Hollister domestically and internationally - Management reported strong performance in both brands, with notable successes in outerwear and denim [52] Question: Outlook for gross margin and AUR/AUC expectations - Management expressed optimism for gross margin expansion, anticipating stable AUR and improvements in AUC [60] Question: Long-term operating margin goals and international business outlook - Management reiterated focus on top-line growth, gross margin expansion, and operating expense leverage as key drivers for long-term margin goals [73]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 2, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-12107 ABERCROMBIE & FITCH CO. (Exact name of Registrant as specified in its charter) Delaware 31-1469076 (State or other ...

Financial Data and Key Metrics Changes - For Q3 2019, net sales were $863 million, approximately flat compared to last year, with a 1% increase on a constant currency basis, reflecting an $8 million adverse impact from foreign exchange (FX) [25] - Gross profit rate was 60.1%, down 120 basis points from last year, with FX adversely impacting results by 40 basis points [26] - Adjusted net income per diluted share was $0.23, compared to $0.33 last year, or $0.27 on a constant-currency basis [28] Business Line Data and Key Metrics Changes - Abercrombie brand achieved a 3% comp growth, while Hollister experienced a -2% comp, with Abercrombie showing improvement in conversion and average transaction value [6][10] - Gilly Hicks saw meaningful double-digit comp growth, indicating strong performance in intimates and lounge offerings [16] Market Data and Key Metrics Changes - US comp growth was 3%, down from 6% last year, while international comp was -8%, compared to -3% last year [6][25] - The UK market was negatively impacted by Brexit uncertainty, while protests in Europe and Asia also affected sales [8] Company Strategy and Development Direction - The company is making strategic investments to scale its business internationally, including hiring region-specific heads for Europe and Asia [9] - Focus on optimizing the global store network, with plans to reduce square footage by 30% to 50% in Abercrombie stores [18][53] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for the holiday selling season based on performance in October and early November [5] - Despite challenges such as FX rates, tariffs, and global protests, the company expects to finish 2019 strongly and is focused on key initiatives for growth in 2020 [24][30] Other Important Information - The company repurchased approximately 412,000 shares for roughly $6 million during the quarter, with a total of $103 million returned to shareholders year-to-date [29] - The company is implementing expanded payment options and loyalty programs to enhance customer engagement [23] Q&A Session Summary Question: Can you provide color on merchandise margin trends by concept in the US? - Management indicated that Hollister was more promotional than Abercrombie, with overall average unit retail (AUR) flat when excluding FX [34] Question: How should we think about the international business outlook? - Management noted improved trends heading into Q4, despite ongoing challenges from Brexit and protests [37] Question: What are the biggest improvement opportunities for 2020? - Focus areas include top-line growth, gross margin acceleration, and operating expense leverage [40] Question: Can you elaborate on the international comps of -8%? - Management explained that Brexit and protests in Europe impacted sales, particularly for Hollister, which has a larger presence in the UK [42] Question: What changes are being made to inventory management at Hollister? - Adjustments were made to focus more on key items and less on chase inventory, with positive initial selling trends observed in Q4 [46] Question: How are remodeled stores performing compared to older ones? - Hollister's remodeled stores have shown consistent high-single digit sales returns, while Abercrombie is still early in its remodeling journey [52]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 3, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-12107 ABERCROMBIE & FITCH CO. (Exact name of Registrant as specified in its charter) Delaware 31-1469076 (State or other ju ...

Financial Data and Key Metrics Changes - Net sales for Q2 2019 were $841 million, a decrease of 0.2% from the previous year, but up 1% on a constant-currency basis, reflecting a $10 million adverse impact from foreign currency changes [33] - Comparable sales (comps) were flat compared to a 3% increase last year, driven by positive cross-channel traffic but offset by lower conversion rates [33] - Gross profit rate was 59.3%, down 90 basis points from last year, reflecting higher average unit costs (AUC) driven by product mix and slightly lower average unit retail (AUR) [34] Business Line Data and Key Metrics Changes - Abercrombie brand posted flat comps, while Hollister also reported flat comps, compared to 4% and 2% increases respectively in Q2 2018 [33] - The U.S. market achieved a 2% comp, down from 7% last year, while international comps were down 3%, an improvement from a 4% decline last year [34] - Hollister's boys' segment achieved record performance, while girls' segment fell short of expectations, particularly in tops [12][68] Market Data and Key Metrics Changes - The U.S. market, representing approximately two-thirds of revenue, experienced its eighth consecutive quarter of positive comps despite challenges from tourist locations and a competitive environment [9] - In Europe, comp results were consistent with the previous quarter, with weaknesses in the U.K. and Ireland, but improvements in other European markets [9] - Asia saw improvements in China that helped offset weaknesses in Hong Kong [9] Company Strategy and Development Direction - The company is focused on transformation initiatives, including optimizing the global store network, enhancing digital and omni-channel capabilities, and improving customer engagement through loyalty programs [16][30] - The strategy includes closing underperforming flagship stores and opening smaller-format locations with flexible lease terms [23][24] - The company aims to achieve a fiscal 2020 target of doubling its fiscal 2017 adjusted non-GAAP operating margin [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the health of the core U.S. customer but acknowledged an uncertain global macro outlook [16] - The promotional environment was described as heightened, with expectations for continued promotional activity during Back-to-School and holiday seasons [16] - The company anticipates potential global volatility impacting results, particularly in Europe and Asia [42] Other Important Information - The company announced new leadership hires for Europe and Asia to enhance localized execution and customer engagement [31] - The company is committed to environmental, social, and governance (ESG) initiatives, including participation in the UN Global Compact [30] Q&A Session Summary Question: Clarification on flagship store closures and international performance - Management confirmed that most flagship leases are expected to expire naturally and that they are evaluating the financial and qualitative aspects of remaining stores [49] - Management noted slight sequential improvement in international performance and emphasized the importance of new regional teams to enhance local strategies [51] Question: Back-to-school performance and markdown expectations - Management reported a solid start to Back-to-School in the U.S. but acknowledged that international back-to-school timing differs [54] - Management indicated that gross profit rates are expected to decline due to foreign currency impacts and tariffs, with a stable promotional environment anticipated [56] Question: EBIT margin target for 2020 - Management remains focused on achieving the 5.8% EBIT margin target, leveraging store occupancy optimization and investments in key tools [60][62] Question: SG&A outlook and marketing balance - Management highlighted ongoing tight expense control and incremental savings, while also planning to invest in marketing to drive growth [63] Question: Hollister Girls business performance - Management acknowledged challenges in the girls' tops category but noted improvements and agility in the supply chain to address issues quickly [68]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 4, 2019 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-12107 ABERCROMBIE & FITCH CO. (Exact name of Registrant as specified in its charter) Delaware 31-1469076 (State or other juris ...

Financial Data and Key Metrics Changes - Net sales for Q1 2019 were $734 million, slightly up from the previous year, with a $16 million adverse impact from foreign currency changes [21][22] - Comparable sales (comps) increased by 1% on top of a 5% increase last year, marking the seventh consecutive quarter of positive comps [21][22] - Adjusted operating loss improved to $27 million from a loss of $37 million last year, with an adjusted operating loss margin improvement of 130 basis points [25][26] Business Line Data and Key Metrics Changes - Hollister posted a 2% comp on top of a 6% increase last year, while Abercrombie returned to positive comps with a 1% increase on top of a 3% increase last year [22][10] - Hollister achieved record first-quarter sales in jeans, pants, outerwear, and sweaters, while Abercrombie saw significant sales growth in women's tops and dresses, with dresses recording the highest first-quarter sales ever [9][10] Market Data and Key Metrics Changes - U.S. comps were up 4%, while international comps were down 4%, with Europe showing sequential improvement and Asia experiencing weakness due to internal missteps [22][23] - The company plans to reduce its reliance on China for sourcing, aiming to decrease merchandise sourced from China to below 20% this year [18] Company Strategy and Development Direction - The company is focused on optimizing its global store network, with plans to close three flagship locations and transition to smaller, more omnichannel spaces [14][15] - Digital sales grew to 30% of revenues, up from 27% last year, with ongoing double-digit growth in online purchase pickup in-store [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the U.S. consumer's health, despite challenges in mall traffic and a competitive environment [19] - The company anticipates continued sales growth and is optimistic about its summer assortments, which build on successful product trends from Q1 [20][19] Other Important Information - The company adopted a new lease accounting standard, resulting in an increase of approximately $1.2 billion in total assets and liabilities [28] - The company expects net sales growth of 2% to 4% for fiscal 2019, with comparable sales projected to be up in the low-single-digit range [29] Q&A Session All Questions and Answers Question: Can you provide more detail on the higher OpEx planned in the closing of the flagship stores? - The $45 million charge for flagship closures is the key driver of the change in the OpEx outlook for the full year, adding about 220 basis points to the operating expense outlook [36] Question: How much of the flat comp guidance in Q2 is driven by the competitive set versus inventory levels? - Management noted that while there has been some weakness in mall traffic, they remain confident in their assortments for Q2, with inventory levels being comfortable [40][41] Question: Can you elaborate on the gross margin outlook and the international business performance? - Management indicated that the international business was mixed, with Europe improving and Asia facing challenges due to internal issues and external factors like trade tensions [46][47] Question: What is the expected impact of flagship closures on revenue and operating margin? - The flagship business is a drag on both top and bottom lines, but the closures are expected to lead to incremental improvements over time [38][53] Question: How does the company plan to achieve its 2020 targets? - The path to 2020 involves topline growth, modest gross margin expansion, and operating expense leverage, with ongoing transformation initiatives being critical to achieving these goals [60][61]