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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REVENUE RECOGNITION
- REVENUE RECOGNITION
Disaggregation of revenue
All revenues are recognized in net sales in the Consolidated Statements of Operations and Comprehensive Income. For information regarding the disaggregation of revenue, refer to Note 18, “SEGMENT REPORTING.”
Contract liabilities
The following table details certain contract liabilities representing unearned revenue as of January 31, 2026, February 1, 2025 and February 3, 2024:
| (in thousands) | January 31, 2026 | February 1, 2025 | February 3, 2024 |
|---|---|---|---|
| Gift card liability (1) | $48,057 | $45,364 | $41,144 |
| Loyalty programs liability | 36,878 | 32,199 | 27,937 |
(1)Includes $24.2 million,$19.8 million and $20.0 million of revenue recognized during Fiscal 2025, Fiscal 2024 and Fiscal 2023 , respectively, that was included in the gift card liability at the beginning of February 1, 2025 and February 3, 2024, respectively.
The following table details recognized revenue associated with the Company’s gift card program and loyalty programs for Fiscal 2025, Fiscal 2024, and Fiscal 2023:
| (in thousands) | Fiscal 2025 | Fiscal 2024 | Fiscal 2023 |
|---|---|---|---|
| Revenue associated with gift card redemptions and gift card breakage | $129,342 | $141,380 | $112,749 |
| Revenue associated with reward redemptions and breakage related to the Company’s loyalty programs | 74,850 | 65,776 | 56,406 |
Refer to Note 2,“SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Revenue recognition,” for discussion regarding significant accounting policies related to the Company’s revenue recognition.
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