ABERCROMBIE & FITCH CO /DE/
For the period ended Nov 1, 2025. Filed Dec 5, 2025.
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Nov 1, 2025 · Filed Dec 5, 2025
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INTERCHANGE FEE SETTLEMENT
- INTERCHANGE FEE SETTLEMENT
Litigation settlement
During the second quarter of Fiscal 2025, the Company entered into a settlement related to the resolution of a payment card interchange fee litigation in which it was a plaintiff. The settlement resulted in a $39 million net benefit recorded in the Condensed Consolidated Statements of Operations and Comprehensive Income for the thirty-nine weeks ended November 1, 2025. The net benefit is comprised of a $43 million settlement benefit recorded within selling expense and a $4 million settlement-related expense recorded within general and administrative expense.
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