Abercrombie & Fitch Sees FY23 Net Sales Growth 12-14% (Prior ~10%); Sees Q4 Net Sales Growth Up Low Double-Digits
Portfolio Pulse from Benzinga Newsdesk
Abercrombie & Fitch has updated its FY23 net sales growth forecast to 12-14%, an increase from the previous estimate of around 10%. The company also expects Q4 net sales growth to be in the low double-digits.
November 21, 2023 | 1:01 pm
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Abercrombie & Fitch has raised its full-year 2023 net sales growth expectations to 12-14%, up from the previous forecast of about 10%, and is projecting low double-digit growth for Q4.
The upward revision in net sales growth forecast for FY23 and the positive outlook for Q4 sales growth are strong indicators of Abercrombie & Fitch's performance and may lead to increased investor confidence. This news is likely to have a positive impact on ANF's stock price in the short term as it suggests better-than-expected revenue growth.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100