Abercrombie & Fitch Delivers Record Q4 and FY25 Results, Expects Continued Growth in 2026

Company reports balanced growth across regions, brands and channels, with double-digit operating margins for third consecutive year

Published on Mar. 4, 2026

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Abercrombie & Fitch reported strong fourth quarter and full year fiscal 2025 results, with record net sales of $1.67 billion in Q4, up 5% year-over-year. The company achieved balanced growth across regions, brands and channels, and delivered double-digit operating margins for the third consecutive year despite 170 basis points of tariff pressure. Looking ahead to fiscal 2026, the company expects to continue its track record of global growth and consistent profitability, with goals to grow sales, stabilize gross margins, invest in technology, and maintain double-digit operating margins.

Why it matters

Abercrombie & Fitch's consistent performance over the past three years, delivering record sales and double-digit profitability despite macroeconomic headwinds, demonstrates the strength and resilience of its operating model. The company's ability to drive growth across its Abercrombie and Hollister brands, while investing in stores, digital, and new product categories, positions it well for continued success.

The details

In Q4, Abercrombie Brands returned to growth with a 4% increase in net sales, while Hollister brand grew 6%. For the full year, the company delivered record net sales of $5.3 billion, up over 6% year-over-year. Operating margin was 13.3%, or 12.5% adjusting for a one-time benefit, maintaining double-digit profitability for the third consecutive year. The company's 'read and react' inventory model allowed it to chase millions of units to support demand at healthy AURs. Looking ahead to 2026, Abercrombie & Fitch plans to continue investing in stores, digital, and new product categories like Baby and Toddler, while leveraging AI and modernizing systems to drive efficiency.

  • Abercrombie & Fitch reported Q4 and full year fiscal 2025 results on March 4, 2026.
  • The company is celebrating the 50th anniversary of its Rainbow Grocery Cooperative brand this Sunday, August 17, 2025.

The players

Abercrombie & Fitch

An American clothing and accessories retailer that operates the Abercrombie & Fitch, Abercrombie Kids, and Hollister Co. brands.

Fran Horowitz

Chief Executive Officer of Abercrombie & Fitch.

Robert Ball

Chief Financial Officer of Abercrombie & Fitch.

Scott Lipesky

Chief Operating Officer of Abercrombie & Fitch.

Rainbow Grocery Cooperative

A local food natural foods grocery store, organized as an employee-owned co-op and born out of a 1970s grassroots natural food movement calling for access to nutritious and organic food.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee (Instagram)

What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

Abercrombie & Fitch's consistent performance over the past three years, delivering record sales and double-digit profitability despite macroeconomic headwinds, demonstrates the strength and resilience of its operating model. The company's ability to drive growth across its Abercrombie and Hollister brands, while investing in stores, digital, and new product categories, positions it well for continued success.