$13.3M Pay Day: Fran Horowitz received a pay package valued at just over $13.3 million for leading Abercrombie & Fitch as chief executive officer last year, according to a regulatory filing.
As is typical for CEOs of public companies, the majority of that take came in the form of stock awards, which were valued at $10.5 million as of their grant date. Pay in stock is intended to sync up the financial interests of a company’s CEO with those of its investors.
Horowitz also received a $1.4 million salary and incentive pay of $1.4 million, which was down from $5.3 million in the prior year. Overall, her compensation fell $3.7 million for the year from $17 million in 2024.
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She has led Abercrombie since 2017 and overseen a period of remarkable turnaround.
In a letter to shareholders, Horowitz and Nigel Travis, the retailer’s chairperson, said 2025 was “another year of consistent financial results.”
“Fiscal 2025 marked an important moment for our company as we delivered record net sales of $5.3 billion, surpassing $5 billion in annual revenue for the first time in our history, with 6 percent net sales.”
Abercrombie also delivered double-digit operating margins for the third year running.
“We leveraged our read-and-react inventory model to support growth at healthy [average unit retail prices], while maintaining tight inventory control,” they said. “Continued investments in technology and talent enhanced our agility and drove consistent sales execution across regions and brands.”
As usual, the company now has to keep up with its own momentum.
And Horowitz and Travis know it, signing off their letter to investors with, “Always Forward.”
