Abercrombie, American Eagle and Lululemon raise holiday sales outlooks
Publishing timestamp: 2024-01-08 10:53:48
Summary
The article discusses how Abercrombie & Fitch, American Eagle Outfitters, and Lululemon have raised their fiscal fourth-quarter outlooks after a successful holiday season. Online sales and retail sales during the holiday season have shown positive growth. American Eagle is highlighted as a winner, with strong revenue and sales growth. Abercrombie expects increased net sales and operating margin, while Lululemon has made more modest adjustments to its forecast. The article also mentions that other retailers are expected to release holiday updates during an upcoming conference.
Sentiment: POSITIVE
Tickers: LULU, WMT, TGT, AEO, HD, ANF,
Keywords: business, abercrombie & fitch co, business news, american eagle outfitters inc, retail industry, lululemon athletica inc, home depot inc, breaking news: business, walmart inc, target corp,
Source: https://www.cnbc.com/2024/01/08/abercrombie-and-lululemon-report-early-holiday-results.html