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.