Abercrombie & Fitch Co reported QQ1 2025 results with revenue of USD 1.097B, down 3.23% year-over-year and down 30.77% quarter-over-quarter, reflecting seasonality and a promotional environment. Gross margin remained approximately 61.99%, but declined about 7.6 percentage points versus prior year, signaling pricing/mix pressure even as the business preserved operating profitability. EBITDA stood at USD 147.6M and operating income USD 101.5M, while net income reached USD 80.4M and diluted EPS was USD 1.59. Free cash flow was negative at USD -54.8M driven by working capital dynamics and capital expenditure, with cash and cash equivalents of USD 510.6M and total gross debt of USD 1.026B (net debt ~USD 515.3M). The balance sheet shows solid liquidity (current ratio ~1.38x; quick ratio ~0.72x when excluding inventory), and a leverage profile that remains meaningful but manageable in the context of ongoing DTC investments and brand initiatives.
Key Performance Indicators
Revenue
Decreasing
1.10B
QoQ: -30.77% | YoY: -3.23%
Gross Profit
Decreasing
680.18M
61.99% margin
QoQ: -30.17% | YoY: -7.62%
Operating Income
Decreasing
101.53M
QoQ: -60.35% | YoY: -42.19%
Net Income
Decreasing
80.41M
QoQ: -57.05% | YoY: -39.62%
EPS
Decreasing
1.63
QoQ: -56.18% | YoY: -37.31%
Revenue Trend
Margin Analysis
Financial Highlights
Revenue: USD 1,097.311M; YoY change: -3.23%; QoQ change: -30.77%
Gross Profit: USD 680.178M; Gross Margin: 61.99%; YoY change in margin: -7.62%; QoQ change: -30.17%
Operating Income: USD 101.533M; Operating Margin: 9.25%; YoY change: -42.19%; QoQ change: -60.35%
Net Income: USD 80.413M; Net Margin: 7.33%; YoY change: -39.62%; QoQ change: -57.05%
EPS (GAAP): USD 1.63; EPS (Diluted): USD 1.59; YoY EPS change: -37.31%; QoQ EPS change: -56.18%
EBITDA: USD 147.553M; EBITDA Margin: 13.45%
Cash Flow: Net cash from operating activities USD -4.0M; Free Cash Flow USD -54.764M; Capex USD -50.764M; Net change in cash USD -261.87M; Cash at end of period USD 518.525M; Cash at beginning USD 780.395M
Balance Sheet: Total assets USD 3,096.178M; Total liabilities USD 1,893.582M; Total stockholders’ equity USD 1,189.127M; Cash & equivalents USD 510.563M; Total debt USD 1,025.902M; Net debt USD 515.339M; Current assets USD 1,374.170M; Current liabilities USD 998.870M; Inventory USD 542.059M; Net receivables USD 113.311M
Leverage & liquidity indicators: Current ratio ~1.38x; Quick ratio ~0.72x; Debt/Equity ~0.86x; Net debt/EBITDA ~3.5x
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
1.10B
-3.23%
-30.77%
Gross Profit
680.18M
-7.62%
-30.17%
Operating Income
101.53M
-42.19%
-60.35%
Net Income
80.41M
-39.62%
-57.05%
EPS
1.63
-37.31%
-56.18%
Key Financial Ratios
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