Abercrombie & Fitch Sets New $1.3 Billion Stock Buyback

Dow Jones

03-05

By Colin Kellaher

Abercrombie & Fitch's board has approved a new $1.3 billion share-repurchase program.

Abercrombie & Fitch on Wednesday said it expects to buy back about $400 million in stock during its current fiscal year under the program, which replaces a prior buyback the board approved in 2021.

The New Albany, Ohio, retailer, which sports a market capitalization topping $4.8 billion, shelled out $230 million to buy back around 1.6 million shares during the fiscal year that ended Feb. 1.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

March 05, 2025 07:47 ET (12:47 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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