Fran Horowitz on gross margin
From $ANF Abercrombie and Fitch Q3 2025 Earnings Conference Call · · EARNMOAR
“Financially, in addition to record net sales, we delivered a gross margin of 62.5% and a 12% operating margin for the quarter. Both of which include an adverse tariff impact of around 210 basis points.”
On , Fran Horowitz, Chief Executive Officer & Director at ABERCROMBIE & FITCH -CL A, spoke about gross margin during $ANF Abercrombie and Fitch Q3 2025 Earnings Conference Call on EARNMOAR.
About Fran Horowitz
Fran Horowitz, CEO of Abercrombie & Fitch, reported on the company's first quarter fiscal year 2026 earnings on May 27, 2026. She stated that the company delivered its 14th consecutive quarter of net sales growth and set a record for the first quarter, despite headwinds in the Middle East and other select countries in the AMA region. Horowitz noted that first quarter results exceeded expectations on both operating income and earnings per share. She said the company successfully launched an upgraded merchandising ERP system to enable long-term channel and category expansion and continues to make strategic investments in marketing, digital, and stores. Horowitz discussed the company's operational strategy, stating that the Hollister brand is operating in "chase mode," where the team meets weekly to identify what is working and uses a supply chain producing in 16 countries to respond quickly. She described this approach as preferable to buying ahead without confidence. Horowitz also mentioned that the Your Personal Best (YPB) brand has seen a "nice acceleration" in business this year. She outlined the company's outlook, which includes targeting another year of topline growth, double-digit operating margins, and returning $450 million to shareholders via share repurchases. Horowitz identified stabilizing gross margins by mitigating external cost pressures, including tariffs, as a key priority.