Abercrombie & Fitch raises outlook after quarterly sales surge 20%
Publishing timestamp: 2023-11-21 10:24:27
Summary
Abercrombie & Fitch reported a 20% jump in sales for the fiscal third quarter, exceeding expectations. The company also raised its full-year guidance and expects net sales to grow between 12% to 14%. Despite the positive results, the company's stock fell more than 9% after markets opened. Abercrombie's transformation into an inclusive retailer with a product assortment that resonates with consumers has contributed to its success.
Sentiment: POSITIVE
Keywords: earnings, american eagle outfitters inc, breaking news: business, business, abercrombie & fitch co, business news, retail industry, breaking news: earnings,
Source: https://www.cnbc.com/2023/11/21/abercrombie-fitch-anf-earnings-q3-2023.html