Abercrombie & Fitch Expects FY24 Net Sales Up Around 10% Vs. Previous Outlook Of 4% - 6% Growth
Portfolio Pulse from Benzinga Newsdesk
Abercrombie & Fitch has revised its FY24 net sales growth outlook to approximately 10%, up from the previous forecast of 4% to 6%.
May 29, 2024 | 11:33 am
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Abercrombie & Fitch has increased its FY24 net sales growth forecast to around 10%, significantly higher than the previous 4%-6% range.
The upward revision in sales growth outlook indicates strong business performance and positive market conditions, likely boosting investor confidence and driving the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100