Live On CNBC, Abercrombie & Fitch CEO Fran Horowitz Discusses Consumer Demand, Raises Revenue Growth Guidance To 12%-13% Vs ~10% Prior; Operating Margin 14%-15% Vs ~14% Prior (Previously Announced)
Portfolio Pulse from Benzinga Newsdesk
Abercrombie & Fitch CEO announced an increase in revenue growth guidance to 12%-13% from the previous ~10%, and an operating margin of 14%-15% from ~14%. This reflects strong consumer demand.
September 09, 2024 | 3:22 pm
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Abercrombie & Fitch has raised its revenue growth guidance to 12%-13% and operating margin to 14%-15%, indicating strong consumer demand.
The increase in revenue growth guidance and operating margin suggests strong consumer demand and effective management strategies, likely leading to a positive short-term impact on ANF's stock price.
CONFIDENCE 95
IMPORTANCE 90
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