• Abercrombie & Fitch average gross margin for 2023 was 58.79%, a 1.79% increase from 2022.
• Abercrombie & Fitch average gross margin for 2022 was 59.86%, a 3.65% decline from 2021.
• Abercrombie & Fitch average gross margin for 2021 was 62.13%, a 5.25% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.