Abercrombie & Fitch Co. Increases Fourth Quarter Sales and Operating Margin Outlook Based on Better-Than-Expected Holiday Sales

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Go back to Abercrombie & Fitch Co. Increases Fourth Quarter Sales and Operating Margin Outlook Based on Better-Than-Expected Holiday Sales

Abercrombie & Fitch (ANF) shares rise after raising outlook on better-than-expected holiday sales

January 9, 2023 10:06 AM EST

Abercrombie & Fitch (NYSE: ANF) shares jumped at the open Monday after the company increased its fourth-quarter sales and operating margin outlook following a better-than-expected holiday period.

The clothing brand retailer now expects net sales for the fourth quarter to be up between 1% and 2%, up from previous... More