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Abercrombie & Fitch Q4 comparable sales increase 16 percent

Abercrombie & Fitch’s net sales for the fourth quarter of 1.5 billion dollars were up 21 percent on a reported and constant currency basis with comparable sales up 16 percent. Full year net sales of 4.3 billion dollars were up 16 percent on a reported basis and on a constant currency basis, while comparable sales increased 13 percent. Commenting...

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Business

Abercrombie & Fitch raises Q4 and full year sales outlook

Abercrombie & Fitch has increased its net sales and operating margin outlook for the fourth quarter and full year of fiscal 2023. The company now expects fourth quarter net sales to be up high-teens against previous outlook of low-single digits growth, operating margin to be around 15 percent compared to earlier estimate of in the range of 12 to...

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