v3.26.1
SEGMENT REPORTING
 3 Months Ended
May 02, 2026
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
The Company’s reportable segments are based on the financial information the chief operating decision maker (“CODM”) uses to allocate resources and assess performance of its business.

The Company manages its business on a geographic basis, consisting of three reportable segments: Americas; EMEA; and APAC. Corporate functions and other income and expenses are evaluated on a consolidated basis and are not allocated to the Company’s segments, and therefore are included as a reconciling item between segment and total operating income. The Americas reportable segment includes the results of operations in North America and South America. The EMEA reportable segment includes the results of operations in Europe, the Middle East and Africa. The APAC reportable segment includes the results of operations in the Asia-Pacific region, including Asia and Oceania. Intersegment sales and transfers are recorded at cost and are treated as a transfer of inventory. All intercompany revenues are eliminated in consolidation and are not reviewed when evaluating segment performance.

The group comprised of the Company’s (i) Chief Executive Officer, (ii) Chief Operating Officer, and (iii) Chief Financial Officer functions as the Company’s CODM. The Company’s CODM manages business operations and evaluates the performance of each segment based on the net sales and operating income (loss) of the segment. The CODM considers actual performance relative to expectations and growth potential to determine the appropriate allocation of resources to each segment.

Net sales by segment are presented by attributing revenues to a physical store location or geographical region that fulfills the order. Operating income (loss) for each segment includes net sales to third parties, related cost of sales and operating expenses directly attributed to the segment. Corporate/other expenses include expenses incurred that are not directly attributed to a reportable segment and primarily relate to corporate or global functions such as design, sourcing, brand management, corporate
strategy, information technology, finance, treasury, legal, human resources, and other corporate support services, as well as certain globally managed components of the planning, merchandising, and marketing functions.

The Company reports inventories by segment as that information is used by the CODM in determining allocation of resources to the segments. The Company does not report its other assets by segment as that information is not used by the CODM in assessing segment performance or allocating resources.

The following tables provide the Company’s segment information for the thirteen weeks ended May 2, 2026 and May 3, 2025 and as of May 2, 2026, January 31, 2026 and May 3, 2025:

Thirteen Weeks Ended May 2, 2026
(in thousands)
Americas (1)
EMEAAPACTotal
Net sales$899,944 $167,373 $46,504 $1,113,821 
Cost of sales, exclusive of depreciation and amortization334,396 62,841 16,601 413,838 
Store occupancy (2)
93,152 34,615 12,431 140,198 
Fulfillment (2)
81,550 21,366 5,585 108,501 
Other expense (3)
159,917 45,147 12,772 217,836 
Segment income (loss)$230,929 $3,404 $(885)$233,448 
Operating loss not attributed to segments:
Corporate and other unallocated expenses (4)
(144,651)
Operating income$88,797 
Interest income, net
(5,287)
Income before income taxes
$94,084 
Depreciation and amortization$23,615 $6,743 $2,652 $33,010 
Depreciation and amortization not attributed to segments9,294 
Total depreciation and amortization$42,304 
Capital expenditures$45,121 $12,270 $1,081 $58,472 
Capital expenditures not attributed to segments2,869 
Total capital expenditures$61,341 
Thirteen Weeks Ended May 3, 2025
(in thousands)
Americas (1)
EMEAAPACTotal
Net sales$874,804 $185,036 $37,471 $1,097,311 
Cost of sales, exclusive of depreciation and amortization329,923 73,597 13,613 417,133 
Store occupancy (2)
84,920 28,974 10,525 124,419 
Fulfillment (2)
85,046 23,486 4,933 113,465 
Other expense (3)
147,955 42,945 12,810 203,710 
Segment income (loss)$226,960 $16,034 $(4,410)$238,584 
Operating loss not attributed to segments:
Corporate and other unallocated expenses (4)
(137,051)
Operating income$101,533 
Interest income, net
(6,783)
Income before income taxes
$108,316 
Depreciation and amortization$22,955 $5,595 $2,038 $30,588 
Depreciation and amortization not attributed to segments7,988 
Total depreciation and amortization$38,576 
Capital expenditures$30,038 $8,029 $4,022 $42,089 
Capital expenditures not attributed to segments8,675 
Total capital expenditures$50,764 
(1)Includes the U.S., Canada, and Latin America. Net sales in the U.S. were $0.9 billion and $0.8 billion for the thirteen weeks ended May 2, 2026 and May 3, 2025, respectively.
(2)Included in selling expense on the Condensed Consolidated Statements of Operations and Comprehensive Income.
(3)Other expense includes store payroll, other direct store controllable and marketing expenses included in selling expense, as well as allocated and support related expenses included in general and administrative expense on the Condensed Consolidated Statements of Operations and Comprehensive Income.
(4)Corporate and other unallocated expenses represent corporate overhead expenses that have not been allocated to any segment.

(in thousands)May 2, 2026January 31, 2026May 3, 2025
Assets
Inventories
Americas$425,739 $480,078 $432,576 
EMEA90,215 94,292 86,582 
APAC16,737 26,848 22,901 
Total inventories$532,691 $601,218 $542,059 
Assets not attributed to segments
2,920,273 2,940,656 2,554,117 
Total assets$3,452,964 $3,541,874 $3,096,176 

The Company’s long-lived assets and intellectual property, which primarily relates to trademark assets associated with the Company’s global operations, by geographic area as of May 2, 2026, January 31, 2026 and May 3, 2025 were as follows:

(in thousands)May 2, 2026January 31, 2026May 3, 2025
Americas (1) (2)
$1,301,144 $1,165,532 $1,044,664 
EMEA (3)
402,561 398,189 324,531 
APAC116,162 125,433 124,238 
Total$1,819,867 $1,689,154 $1,493,433 
(1)Includes the U.S., Canada, and Latin America. Long-lived assets and intellectual property located in the U.S. were $1.2 billion, $1.1 billion, and $1.0 billion as of May 2, 2026, January 31, 2026, and May 3, 2025, respectively.
(2)Includes intellectual property of $2.9 million, $2.9 million, and $2.9 million as of May 2, 2026, January 31, 2026, and May 3, 2025, respectively.
(3)Includes intellectual property of $14.6 million, $14.8 million, and $16.4 million as of May 2, 2026, January 31, 2026, and May 3, 2025, respectively.

Brand Information

The following table provides additional disaggregated revenue information, which is categorized by brand, for the thirteen weeks ended May 2, 2026 and May 3, 2025:
Thirteen Weeks Ended
(in thousands)May 2, 2026May 3, 2025
Abercrombie
$564,719 $547,947 
Hollister
549,102 549,364 
Total$1,113,821 $1,097,311