---
schema_version: "secwatch.filing_event.v1"
accession: "0001018840-23-000059"
form_type: "8-K"
ticker: "ANF"
cik: "0001018840"
company_name: "ABERCROMBIE & FITCH CO /DE/"
filed_at: "2023-05-25T23:59:59+00:00"
generated_at: "2026-06-14T14:00:01.438248+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Abercrombie & Fitch Q1 beats; gross margin +570bps; raises FY sales/op margin outlook

## Summary
- Net sales $836M (+3% YoY); diluted EPS $0.32 vs net loss in prior-year quarter.
- Gross profit rate improved 570 bps to 61.0%, driven by lower freight and AUR growth.
- Abercrombie brand comparable sales +14%; Hollister -3%. Total comparable sales +3%.
- Inventory down 20% YoY, reflecting supply chain normalization and chase capability.
- Raised full-year net sales growth to +2-4% (previously +0-2%) and operating margin to ~8-9% (from ~6-7%).

## SEC filing metadata
- accession: 0001018840-23-000059
- form_type: 8-K
- ticker: ANF
- cik: 0001018840
- company_name: ABERCROMBIE & FITCH CO /DE/
- filed_at: 2023-05-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1018840/000101884023000059/0001018840-23-000059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1018840/000101884023000059/anf-20230524.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001018840-23-000059
- JSON: https://secwatch.observer/filing/0001018840-23-000059.json
- Plain text: https://secwatch.observer/filing/0001018840-23-000059.txt

## Key facts
- Earnings Releases
  ABERCROMBIE & FITCH CO /DE/ reported first quarter ended April 29, 2023 results: revenue $ 835,994, net income $ 16,571, EPS $0.32. Guidance raised.
  - Period: first quarter ended April 29, 2023
  - Revenue: $ 835,994
  - Net income: $ 16,571
  - EPS: $0.32
  - Guidance: raised
  - Result: reported results
  source text: sales data) Fiscal 2022 Fiscal 2023 2019 2020 2021 Q1 Q2 Q3 Q4 2022 Q1 2023 Net sales $ 3,623,073 $ 3,125,384 $ 3,712,768 $ 812,762 $ 805,091 $ 880,084 $ 1,199,814 $ 3,697,751 $ 835,994 $ 835,994 Cost of sales, exclusive of depreciation and amortization 1,472,155 1,234,179 1,400,773 363,216 339,200 359,268 531,529 1,593,213 326,200 326,200 Gross profit 2,150,918
  evidence_url: https://www.sec.gov/Archives/edgar/data/1018840/000101884023000059/0001018840-23-000059-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.