v3.26.1
SEGMENT REPORTING
 6 Months Ended
Aug. 01, 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 and twenty-six weeks ended August 1, 2026 and August 2, 2025 and as of August 1, 2026, January 31, 2026 and August 2, 2025:

Thirteen Weeks Ended August 1, 2026
(in thousands)
Americas (1)
EMEAAPACTotal
Net sales$1,020,537 $201,990 $44,162 $1,266,689 
Cost of sales, exclusive of depreciation and amortization282,049 69,075 14,985 366,109 
Store occupancy (2)
95,230 34,057 11,536 140,823 
Fulfillment (2)
83,525 21,272 5,655 110,452 
Other expense (3)
177,134 50,342 15,382 242,858 
Segment income (loss)$382,599 $27,244 $(3,396)$406,447 
Operating loss not attributed to segments:
Corporate and other unallocated expenses (4)
(153,747)
Operating income$252,700 
Interest income, net
(7,591)
Income before income taxes
$260,291 
Depreciation and amortization$23,554 $6,956 $2,286 $32,796 
Depreciation and amortization not attributed to segments10,483 
Total depreciation and amortization$43,279 
Capital expenditures$41,690 $11,112 $1,031 $53,833 
Capital expenditures not attributed to segments14,183 
Total capital expenditures$68,016 
Thirteen Weeks Ended August 2, 2025
(in thousands)
Americas (1)
EMEAAPACTotal
Net sales$974,200 $197,210 $37,150 $1,208,560 
Cost of sales, exclusive of depreciation and amortization360,569 77,401 13,620 451,590 
Store occupancy (2)
90,136 30,106 12,082 132,324 
Fulfillment (2)
68,708 22,857 4,901 96,466 
Other expense (3)
134,958 42,316 12,514 189,788 
Segment income (loss)$319,829 $24,530 $(5,967)$338,392 
Operating loss not attributed to segments:
Corporate and other unallocated expenses (4)
(131,734)
Operating income$206,658 
Interest income, net
(2,474)
Income before income taxes
$209,132 
Depreciation and amortization$20,304 $5,913 $1,829 $28,046 
Depreciation and amortization not attributed to segments9,378 
Total depreciation and amortization$37,424 
Capital expenditures$41,958 $8,877 $4,839 $55,674 
Capital expenditures not attributed to segments10,505 
Total capital expenditures$66,179 
(1)Includes the U.S., Canada, and Latin America. Net sales in the U.S. were $1.0 billion and $0.9 billion for the thirteen weeks ended August 1, 2026 and August 2, 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.

Twenty-Six Weeks Ended August 1, 2026
(in thousands)
Americas (1)
EMEAAPACTotal
Net sales$1,920,481 $369,363 $90,666 $2,380,510 
Cost of sales, exclusive of depreciation and amortization616,445 131,916 31,586 779,947 
Store occupancy (2)
188,382 68,672 23,967 281,021 
Fulfillment (2)
165,075 42,638 11,240 218,953 
Other expense (3)
337,051 95,489 28,154 460,694 
Segment income (loss)$613,528 $30,648 $(4,281)$639,895 
Operating loss not attributed to segments:
Corporate and other unallocated expenses (4)
(298,398)
Operating income$341,497 
Interest income, net
(12,878)
Income before income taxes
$354,375 
Depreciation and amortization$47,169 $13,699 $4,938 $65,806 
Depreciation and amortization not attributed to segments19,777 
Total depreciation and amortization$85,583 
Capital expenditures$86,811 $23,382 $2,112 $112,305 
Capital expenditures not attributed to segments17,052 
Total capital expenditures$129,357 
Twenty-Six Weeks Ended August 2, 2025
(in thousands)
Americas (1)
EMEAAPACTotal
Net sales$1,849,004 $382,246 $74,621 $2,305,871 
Cost of sales, exclusive of depreciation and amortization690,492 150,998 27,233 868,723 
Store occupancy (2)
175,056 59,080 22,607 256,743 
Fulfillment (2)
153,754 46,343 9,834 209,931 
Other expense (3)
282,913 85,261 25,324 393,498 
Segment income (loss)$546,789 $40,564 $(10,377)$576,976 
Operating loss not attributed to segments:
Corporate and other unallocated expenses (4)
(268,785)
Operating income$308,191 
Interest income, net
(9,257)
Income before income taxes
$317,448 
Depreciation and amortization$43,259 $11,508 $3,867 $58,634 
Depreciation and amortization not attributed to segments17,366 
Total depreciation and amortization$76,000 
Capital expenditures$71,996 $16,906 $8,861 $97,763 
Capital expenditures not attributed to segments19,180 
Total capital expenditures$116,943 
(1)Includes the U.S., Canada, and Latin America. Net sales in the U.S. were $1.8 billion and $1.8 billion for the twenty-six weeks ended August 1, 2026 and August 2, 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.

Assets
(in thousands)August 1, 2026January 31, 2026August 2, 2025
Assets
Inventories
Americas$477,523 $480,078 $482,533 
EMEA96,614 94,292 87,534 
APAC17,525 26,848 22,899 
Total inventories$591,662 $601,218 $592,966 
Assets not attributed to segments3,003,194 2,940,656 2,708,975 
Total assets$3,594,856 $3,541,874 $3,301,941 

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 August 1, 2026, January 31, 2026 and August 2, 2025 were as follows:

(in thousands)August 1, 2026January 31, 2026August 2, 2025
Americas (1) (2)
$1,324,871 $1,165,532 $1,124,462 
EMEA (3)
400,530 398,189 344,708 
APAC107,831 125,433 121,125 
Total$1,833,232 $1,689,154 $1,590,295 
(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 $1.1 billion as of August 1, 2026, January 31, 2026, and August 2, 2025, respectively.
(2)Includes intellectual property of $2.9 million, $2.9 million, and $2.9 million as of August 1, 2026, January 31, 2026, and August 2, 2025, respectively.
(3)Includes intellectual property of $14.4 million, $14.8 million, and $15.2 million as of August 1, 2026, January 31, 2026, and August 2, 2025, respectively.

Brand Information

The following table provides additional disaggregated revenue information, which is categorized by brand, for the thirteen and twenty-six weeks ended August 1, 2026 and August 2, 2025:
Thirteen Weeks EndedTwenty-Six Weeks Ended
(in thousands)August 1, 2026August 2, 2025August 1, 2026August 2, 2025
Abercrombie
$596,808 $551,868 $1,161,527 $1,099,815 
Hollister
669,881 656,692 1,218,983 1,206,056 
Total$1,266,689 $1,208,560 $2,380,510 $2,305,871