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    Abercrombie & Fitch Co (ANF)

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    Abercrombie & Fitch Co. (NYSE: ANF) is a global, digitally-led omnichannel retailer specializing in apparel, personal care products, and accessories for men, women, and kids. The company operates through two brand-based segments, offering unique products of enduring quality and exceptional comfort. It sells its products through digital channels, company-owned stores, and third-party arrangements across North America, Europe, Asia, and the Middle East.

    1. Hollister Brands - Offers casual apparel and accessories for young adults, including Hollister, Gilly Hicks, and Social Tourist.

      • Hollister - Focuses on surf-inspired clothing and accessories for teenagers and young adults.
      • Gilly Hicks - Provides activewear, loungewear, and intimates designed for comfort and versatility.
      • Social Tourist - Features trend-driven collections co-created with social media influencers.
    2. Abercrombie Brands - Delivers premium casual apparel and accessories for adults and children, including Abercrombie & Fitch and abercrombie kids.

      • Abercrombie & Fitch - Targets young adults with timeless, high-quality clothing and accessories.
      • abercrombie kids - Offers stylish and comfortable apparel for children.
    NamePositionExternal RolesShort Bio

    Fran Horowitz

    ExecutiveBoard

    Chief Executive Officer

    Board Member of Conagra Brands, Inc.; Board Member of Chief Executives for Corporate Purpose (CECP)

    Fran Horowitz has served as the Chief Executive Officer and a member of the Board of Directors at Abercrombie & Fitch Co. since February 2017. Previously, she held leadership roles including President and Chief Merchandising Officer from December 2015 to February 2017.

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    The documents disclose the current executive team as of

    ExecutiveBoard

    Chief Executive Officer and Director

    Member of the Board of Directors of Conagra Brands, Inc. since July 2021; Member of the Board of Directors of Chief Executives for Corporate Purpose (CECP) since October 2019

    Fran Horowitz has been the CEO of Abercrombie & Fitch Co. since February 2017. She previously served as President and Chief Merchandising Officer from December 2015 to February 2017 and as Brand President of Hollister from October 2014 to December 2015.

    Gregory J. Henchel

    Executive

    Executive Vice President, General Counsel, and Corporate Secretary

    Gregory J. Henchel has been serving as the Executive Vice President, General Counsel, and Corporate Secretary at Abercrombie & Fitch Co. since October 2021. Previously, he was Senior Vice President, General Counsel, and Corporate Secretary from October 2018 to October 2021.

    Jay Rust

    Executive

    Executive Vice President, Global Human Resources

    Jay Rust is the Executive Vice President, Global Human Resources at ANF since May 2023, having previously advanced through HR leadership roles at the company since February 2013. He has contributed to strategic HR initiatives and operational excellence at ANF, transitioning from merchandising roles to senior HR leadership.

    Robert J. Ball

    Executive

    Senior Vice President and Chief Financial Officer

    Robert J. Ball is the Senior Vice President and Chief Financial Officer at Abercrombie & Fitch since November 20, 2024. He has been with the company since 2003 and has held various senior finance roles, including CFO of the Abercrombie & Fitch and abercrombie kids brands from 2014 to 2018.

    Samir Desai

    Executive

    Executive Vice President, Chief Digital and Technology Officer

    Samir Desai has been serving as Executive Vice President, Chief Digital and Technology Officer at Abercrombie & Fitch Co. since July 2021. He previously held various technology leadership roles at Equinox Group from October 2005 to June 2021.

    Scott D. Lipesky

    Executive

    Executive Vice President, Chief Operating Officer

    Chief Financial Officer, American Signature, Inc.; Corporate Finance Director, FTI Consulting Inc.; Director of Corporate Business Development, The Goodyear Tire & Rubber Company; Certified Public Accountant, PricewaterhouseCoopers LLP

    Scott D. Lipesky is the Executive Vice President, Chief Operating Officer at Abercrombie & Fitch Co. since November 2024. He previously served in several senior finance roles at ANF, including as Executive Vice President, CFO and COO from May 2023 to November 2024, and held roles at American Signature, Inc.; FTI Consulting Inc.; The Goodyear Tire & Rubber Company; and PricewaterhouseCoopers LLP.

    Andrew Clarke

    Board

    non-associate director

    Global President of Mars Snacking

    Andrew Clarke was appointed as a non-associate director of Abercrombie & Fitch Co.'s Board on August 21, 2024 and later joined its Compensation and Human Capital Committee on November 20, 2024. With over 30 years of experience in consumer industries, he currently serves as Global President of Mars Snacking since 2018.

    Helen E. McCluskey

    Board

    Independent Director

    Independent Director at Signet Jewelers Limited

    Helen E. McCluskey has served as an Independent Director at ANF since 2019, where she also chairs the Compensation and Human Capital Committee and participates on the Audit and Finance and Executive Committees. She brings extensive board and executive experience from roles at companies such as Signet Jewelers Limited and The Warnaco Group, Inc..

    Helen Vaid

    Board

    Independent Director

    Board Member at Stewart Information Services Corp

    Helen Vaid is an independent director at Abercrombie & Fitch Co. since February 16, 2023. She brings extensive leadership experience, having served as CEO at Foundry Brands and Global Chief Customer Officer at Pizza Hut.

    James A. Goldman

    Board

    Independent Director

    Board Member at Domino's Pizza, Inc.; Board Representative at Q Mixers; Board Representative at Waterloo Sparkling Water Corp.; Board Representative at Dewey’s Bakery

    James A. Goldman has served as an independent director at ANF since 2020 and has been the Chair of the Nominating and Board Governance Committee since fiscal 2023. He brings extensive leadership experience from his prior roles, including as CEO at Godiva Chocolatier and President at Campbell Soup Company.

    Kenneth B. Robinson

    Board

    Independent Director

    Audit Committee Member at Paylocity Holding Corporation; Audit Committee and Compensation Committee Member at Occidental Petroleum Corporation; Board Member at Morgan Stanley US Banks, National Association

    Kenneth B. Robinson has been serving as an independent director at Abercrombie & Fitch since 2021. He contributes his expertise on the Audit and Finance Committee and the Environmental, Social, and Governance Committee.

    Kerrii B. Anderson

    Board

    Independent Director

    Member at Laboratory Corporation of America Holdings (since May 2006); Member at Worthington Enterprises, Inc. (since September 2010, Audit Committee Chair); Member at The Sherwin-Williams Company (since April 2019, Compensation and Management Development Committee Chair)

    Kerrii B. Anderson has served as an Independent Director at Abercrombie & Fitch Co. since 2018 and chairs the Audit and Finance Committee while also serving on the Nominating and Board Governance Committee and Executive Committee. Previously, she served as President and Chief Executive Officer of Wendy’s International, Inc. from November 2006 to September 2008.

    Nigel Travis

    Board

    Chairperson of the Board

    Nigel Travis has served as the Chairperson of the Board at ANF since January 28, 2023. He brings extensive board and executive experience from previous roles, including serving as an independent director since February 2019 at ANF and as CEO of Dunkin’ Brands from 2009 to 2018.

    Susie Coulter

    Board

    Independent Director

    Founder and CEO of Arq Botanics LLC; Independent Director at Fossil Group, Inc.

    Susie Coulter has served as an Independent Director at Abercrombie & Fitch Co. since 2020 and currently chairs the Environmental, Social, and Governance Committee since June 9, 2021, while also being a member of the Executive Committee.

    1. With the Abercrombie brand experiencing slightly negative sales in February and increased promotional activities to clear inventory , how confident are you in maintaining gross margins and AUR growth amidst rising competition and potential copycats in the market ?
    2. Given that higher freight costs and increased air freight usage in Q4 are anticipated to continue impacting the first half of 2025 , what strategies are you implementing to mitigate these cost pressures and prevent further erosion of operating margins ?
    3. With inventory levels up 22% year-over-year due to higher freight costs and more normalized carryover inventory , how are you planning to manage inventory risk, and what contingencies are in place if sales do not meet expectations ?
    4. Your guidance suggests flat operating margins despite revenue growth ; can you elaborate on the specific efficiencies or cost controls you expect to implement to achieve this, and what risks might impact your ability to maintain or expand margins ?
    5. Considering significant investments in store openings and remodels, particularly in EMEA and APAC regions , can you provide more detail on how these investments will contribute to profitability, and how you are addressing potential risks associated with international expansion ?
    Program DetailsProgram 1 (2021 Authorization)Program 2 (2025 Authorization)
    Approval DateNovember 2021 March 5, 2025
    End Date/DurationReplaced on March 5, 2025 No expiration date
    Total Additional Amount$500 million $1.3 billion
    Remaining Authorization$2,378,213 as of February 1, 2025 Not specified
    DetailsShares may no longer be repurchased under this program Allows repurchases via open market, private transactions, accelerated share repurchase programs, Rule 10b5-1 plans, or other methods

    Recent press releases and 8-K filings for ANF.

    Abercrombie & Fitch Co. Reports Q4 2025 Earnings & Strategic Update
    ANF
    Earnings
    Revenue Acceleration/Inflection
    Share Buyback
    Guidance Update
    • Q4 2025 Highlights: Reported net sales of $1.58 billion (+9% YOY), operating income of $256 million at a 16.2% margin, and GAAP diluted EPS of $3.57 .
    • Full-Year Performance: Achieved nearly $4.95 billion in net sales (+16%), with operating income growing 53% to $741 million and strong EPS performance .
    • Outlook & Forward-Looking Guidance: Provided expectations of net sales growth between 3-6%, EPS in the range $1.25 to $1.45, and an operating margin of 14-15%, alongside caution over inherent risks amid evolving global economic conditions .
    • Strategic Priorities: Focused on global brand growth, digital transformation, and disciplined financial management to drive sustainable performance .
    • Share Buyback Initiatives: Announced a $1.3 billion repurchase authorization and planned repurchases totaling $400 million .
    Mar 5, 2025, 1:30 PM
    Abercrombie & Fitch Updates Q4 & FY 2024 Outlook & Sets Robust Growth Path Ahead
    ANF
    Guidance Update
    Revenue Acceleration/Inflection
    New Projects/Investments
    • Record holiday performance & Q4 guidance: Raised Q4 net sales outlook to 7-8% (13-14% normalized) driven by a record holiday season and strong comparable sales.
    • Full year outlook: Net sales growth guidance upgraded to approximately 15%, with operating margin targets maintained at 16% for Q4 and 15% for the full year.
    • Transformation & product focus: Ongoing fundamental transformation through the Read & React product strategy, significant store investments, and a balanced digital presence.
    • International expansion: Disciplined capital deployment in key markets such as the U.K. and Germany to leverage improved store productivity and global brand momentum.
    Jan 13, 2025, 12:00 AM