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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LEASES
- LEASES
The Company is a party to leases related to its Company-operated retail stores, as well as for certain of its distribution centers, office space, information technology and equipment.
The following table provides a summary of the Company’s operating lease costs for Fiscal 2025, Fiscal 2024 and Fiscal 2023:
| (in thousands) | Fiscal 2025 | Fiscal 2024 | Fiscal 2023 |
|---|---|---|---|
| Single lease cost (1) | $310,152 | $264,794 | $248,567 |
| Variable lease cost (2) | 192,195 | 186,795 | 168,881 |
| Operating lease right-of-use asset impairment (3) | 4,955 | 5,470 | 1,440 |
| Sublease income | (4,165) | (3,928) | (3,949) |
| Total operating lease cost | $503,137 | $453,131 | $414,939 |
(1)Includes amortization and interest expense associated with operating lease right-of-use assets.
(2)Includes variable payments related to both lease and nonlease components, such as contingent rent payments made by the Company based on performance, and payments related to taxes, insurance, and maintenance costs.
(3)Refer to Note 10, “ASSET IMPAIRMENT,” for details related to operating lease right-of-use asset impairment charges.
The following table provides the weighted-average remaining lease term of the Company’s operating leases and the weighted-average discount rate used to calculate the Company’s operating lease liabilities as of January 31, 2026 and February 1, 2025:
| January 31, 2026 | February 1, 2025 | |
|---|---|---|
| Weighted-average remaining lease term (years) | 5.5 | 4.9 |
| Weighted-average discount rate | 6.9% | 6.8% |
The following table provides a maturity analysis of the Company’s operating lease liabilities, based on undiscounted cash flows, as of January 31, 2026:
| (in thousands) | January 31, 2026 |
|---|---|
| Fiscal 2026 | $312,271 |
| Fiscal 2027 | 286,893 |
| Fiscal 2028 | 240,341 |
| Fiscal 2029 | 184,138 |
| Fiscal 2030 | 117,833 |
| Fiscal 2031 and thereafter | 280,752 |
| Total undiscounted operating lease payments | 1,422,228 |
| Less: Imputed interest | (254,133) |
| Present value of operating lease liabilities | $1,168,095 |
The Company had minimum commitments related to operating lease contracts that have not yet commenced, primarily for its Company-operated retail stores, of approximately $62.4 million as of January 31, 2026.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.