ABERCROMBIE & FITCH CO /DE/
For the period ended Jan 31, 2026. Filed Mar 26, 2026.
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FY2026 · Filed Mar 26, 2026
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ASSET IMPAIRMENT
- ASSET IMPAIRMENT
The following table provides additional details related to long-lived asset impairment charges:
| (in thousands) | Fiscal 2025 | Fiscal 2024 | Fiscal 2023 |
|---|---|---|---|
| Operating lease right-of-use asset impairment (1) | $4,955 | $5,470 | $1,441 |
| Property and equipment asset impairment (1) (2) | 5,607 | 6,126 | 6,848 |
| Intangible asset impairment (3) | 922 | — | — |
| Total asset impairment | $11,484 | $11,596 | $8,289 |
(1)Included in Selling expenseon the Consolidated Statements of Operations and Comprehensive Income
(2)Amounts presented represent store asset impairment.
(3)Included in General and administrative expenseon the Consolidated Statements of Operations and Comprehensive Income.
Asset impairment charges for Fiscal 2025 were related to certain of the Company’s store assets, primarily in the Americas, EMEA and APAC segments. The impairment charges for Fiscal 2025 reduced the then carrying amount of the impaired stores’ assets to their fair value of approximately $87.2 million, including $66.6 million related to operating lease right-of-use assets. The increase in the carrying amount of assets primarily relates to stores in our APAC segment.
Asset impairment charges for Fiscal 2024 were related to certain of the Company’s store assets, primarily in the APAC segment. The impairment charges for Fiscal 2024 reduced the then carrying amount of the impaired stores’ assets to their fair value of approximately $8.2 million, including $7.3 million related to operating lease right-of-use assets.
Asset impairment charges for Fiscal 2023 were related to certain of the Company’s store assets, primarily in the Americas and EMEA segments. The impairment charges for Fiscal 2023 reduced the then carrying amount of the impaired stores’ assets to their fair value of approximately $28.1 million, including $23.7 million related to operating lease right-of-use assets.
Refer to Note 2,“SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Long-lived Asset Impairment,” for discussion regarding significant accounting policies related to impairment of the Company’s long-lived assets.
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