Abercrombie & Fitch Company ANF shares are trading higher today after the company raised its fourth-quarter net sales guidance.
What to know
On Monday, Abercrombie & Fitch (A&F) raised its fourth-quarter sales and operating margin outlook. Fourth-quarter net sales are now expected to increase 1 to 2 percent compared to the prior outlook of a decrease of 2 to 4 percent.
A&F attributed this improved outlook to strong performance and sales trend increases, including:
- The women’s business is on track to deliver its highest fourth-quarter sales ever
- An acceleration in men’s growth from third-quarter trends
- Sales trend improvement within the Hollister business
CEO Fran Horowitz stated "The strong momentum we have seen all year at the Abercrombie & Fitch brand continued in the holiday season.”
Abercrombie & Fitch Co is a specialty retailer that sells casual clothing, personal-care products, and accessories for men, women, and children.
According to data from Benzinga Pro, Abercrombie & Fitch shares were up 12.1% to $28.25 at the time of publication. It has a 52-week high of $42.09, and a 52-week low of $14.02.
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