Value2020202120222023TTMSelling/general/admin expenses233.88 M218.34 M257.4 M2.71 B2.5 BResearch & development—————Operating income343.08 M92.65 M484.67 M740.82 M719.28 MNon-Operating Income, Total12.6 M1.63 M1.94 M2.67 M—Interest expense, net of interest capitalized37.96 M30.24 M30.35 M12.08 M2.37 MNon-Operating Income, excl. Interest Expenses-25.36 M-28.61 M-28.42 M-9.41 M—Unusual income/expense—————Pretax income5.6 M67.02 M484.3 M768.68 M743.37 MEquity in earnings—————Taxes38.91 M56.63 M148.89 M194.66 M213.45 MNon-controlling/minority interest7.06 M7.57 M7.29 M7.79 M—After tax other income/expense—————Net income before discontinued operations270.07 M10.38 M328.12 M566.22 M522.02 MDiscontinued operations—————Net income270.07 M10.38 M328.12 M566.22 M522.02 MDilution adjustment—————Preferred dividends—————Diluted net income available to common stockholders270.07 M10.38 M328.12 M566.22 M522.02 MBasic earnings per share (Basic EPS)4.410.066.5311.1410.68Diluted earnings per share (Diluted EPS)4.20.056.2210.6910.35Average basic shares outstanding59.6 M50.31 M50.25 M50.84 M196.3 MDiluted shares outstanding62.64 M52.33 M52.73 M52.97 M202.22 MEBITDA2.09 B1.87 B2.43 B2.14 B—EBIT1.94 B1.74 B2.3 B1.99 B—Cost of revenue1.4 B1.59 B1.59 B1.77 B—Other cost of goods sold1.4 B1.59 B1.59 B1.77 B—Depreciation & amortization (cash flow)141.4 M129.7 M138.5 M150.8 M—
Abercrombie & Fitch Company
Abercrombie & Fitch Co. is an American lifestyle retailer founded in 1892, which focuses on contemporary clothing targeting customers in their early 20s to mid 40s. Headquartered in New Albany, Ohio, the company operates four offshoot brands: Abercrombie Kids, Your Personal Best, Hollister Co., and Gilly Hicks with 780+ company operated stores across its brands, as of Q4 2024.
As one of the oldest American clothing brands, the company originally marketed high-end outdoor clothing, but by the early 1980s it had almost entirely changed its direction. In the 1990s, under the leadership of CEO Mike Jeffries, Abercrombie & Fitch underwent a meteoric rise, focusing on "casual luxury" fashion and specifically "the good-looking, cool kids"—using sophisticated sexualized advertising, prominently of fashion models in revealing outfits.
The clothing company has since refocused itself successfully, targeting a more diverse range of customers in their early 20's to mid 40's.