(Reuters) -Abercrombie & Fitch ( ANF ) on Wednesday forecast annual sales growth below estimates as consumer spending on pricier apparel remains weak, taking its shares down about 8% in premarket trading.

Consumer spending has been weak through February due to sticky inflation and uncertainty around the impact of U.S. President Donald Trump's tariffs.

The company expects full-year operating margin of 14% to 15%, including an estimated impact of tariffs announced in February on goods imported from China, Mexico, and Canada into the United States.

The apparel retailer also announced a new $1.3 billion stock buyback program.

It expects annual net sales to grow in the range of 3% to 5%, compared with market expectations of 6.77% growth, according to data compiled by LSEG.

(Reporting by Juveria Tabassum in Bengaluru; Editing by Devika Syamnath)