Abercrombie & Fitch Raises FY23 Operating Margin Guidance From 4-5% To 5-6%
Portfolio Pulse from Benzinga Newsdesk
Abercrombie & Fitch has raised its FY23 operating margin guidance from 4-5% to 5-6%, indicating improved profitability expectations.

May 24, 2023 | 11:34 am
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Abercrombie & Fitch's raised FY23 operating margin guidance suggests better profitability prospects for the company.
Abercrombie & Fitch's decision to raise its FY23 operating margin guidance from 4-5% to 5-6% indicates that the company expects improved profitability in the future. This positive outlook could lead to increased investor confidence and a potential short-term increase in the stock price.
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