ABERCROMBIE & FITCH CO /DE/
For the period ended Aug 1, 2026. Filed Sep 4, 2026.
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Aug 1, 2026 · Filed Sep 4, 2026
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REVENUE RECOGNITION
- REVENUE RECOGNITION
Disaggregation of revenue
All revenues are recognized in net sales in the Condensed Consolidated Statements of Operations and Comprehensive Income. For information regarding the disaggregation of revenue, refer to Note 15, “SEGMENT REPORTING.”
Contract liabilities
The following table details certain contract liabilities representing unearned revenue as of August 1, 2026, January 31, 2026, August 2, 2025, and February 1, 2025:
| (in thousands) | August 1, 2026 | January 31, 2026 | August 2, 2025 | February 1, 2025 |
|---|---|---|---|---|
| Gift card liability | $35,310 | $48,057 | $35,363 | $45,364 |
| Loyalty programs liability | 35,494 | 36,878 | 34,695 | 32,199 |
The following table details recognized revenue associated with the Company’s gift card program and loyalty programs for the thirteen and twenty-six weeks ended August 1, 2026 and August 2, 2025:
| Thirteen Weeks Ended | Twenty-Six Weeks Ended | |||
|---|---|---|---|---|
| (in thousands) | August 1, 2026 | August 2, 2025 | August 1, 2026 | August 2, 2025 |
| Revenue associated with gift card redemptions and gift card breakage (1) | $27,411 | $28,743 | $58,888 | $59,643 |
| Revenue associated with reward redemptions and breakage related to the Company’s loyalty programs | 17,476 | 17,008 | 33,227 | 32,320 |
(1)During the thirteen weeks ended August 1, 2026 and August 2, 2025, the Company recognized revenue of $10.2 million and $10.4 million related to the gift card liability balance that existed on May 2, 2026 and May 3, 2025, respectively. During the twenty-six weeks ended August 1, 2026 and August 2, 2025, the Company recognized revenue of $19.6 million and $18.0 million related to the gift card liability balance that existed on January 31, 2026 and February 1, 2025, respectively.
| Abercrombie & Fitch Co. | 11 | 2026 2Q Form 10-Q |
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