Abercrombie & Fitch: good end to the year, forecasts raised
(CercleFinance.com) - On Monday Abercrombie & Fitch raised its growth forecasts for Q4, as well as its FY forecasts for the current year, following better-than-expected sales over the holiday season.
The US ready-to-wear group now expects net sales growth of 7% to 8% for Q4, to the beginning of February, rather than 5% to 7% as previously stated.
For FY 2024/2025, which also ends in February, the New Albany, Ohio-based company now says it expects growth of around 15%, compared with a previous forecast of between 14% and 15%.
Abercrombie did, however, reiterate its operating margin targets, which are still expected to be around 16% for Q4 and 15% for the year as a whole, which seemed to disappoint investors.
In pre-market trading, Abercrombie & Fitch shares were down over 7% on Monday morning following this trading update.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
The US ready-to-wear group now expects net sales growth of 7% to 8% for Q4, to the beginning of February, rather than 5% to 7% as previously stated.
For FY 2024/2025, which also ends in February, the New Albany, Ohio-based company now says it expects growth of around 15%, compared with a previous forecast of between 14% and 15%.
Abercrombie did, however, reiterate its operating margin targets, which are still expected to be around 16% for Q4 and 15% for the year as a whole, which seemed to disappoint investors.
In pre-market trading, Abercrombie & Fitch shares were down over 7% on Monday morning following this trading update.
Copyright (c) 2025 CercleFinance.com. All rights reserved.