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Abercrombie & Fitch lifts annual sales forecast betting on steady demand
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Abercrombie & Fitch lifts annual sales forecast betting on steady demand
Aug 28, 2024 10:00 AM

Aug 28 (Reuters) - Abercrombie & Fitch ( ANF ) lifted

its forecast for annual sales on Wednesday, betting that new

styles at its namesake label and a strong assortment at

Hollister would draw more shoppers.

The company said it now expects net sales to rise between

12% to 13% for fiscal 2024, compared with its prior forecast of

around 10% growth. Analysts, on average, had estimated a 12%

rise in annual revenue, to $4.79 billion, according to LSEG

data.

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