BUZZ-Abercrombie & Fitch down after annual sales forecast comes in below estimates
ReutersJan 13, 2025 12:49 PM
** Shares of Abercrombie & Fitch ANF.N down 7.3% at $149.14 premarket
** Co sees full-year 2024 net sales of about 15%, compared to the previous forecast of between 14% and 15% growth, just missing analysts' estimates of 15.2% growth- data compiled by LSEG
** Co also maintains its operating margin outlook for full-year and Q4 at ~15% and ~16% respectively
* ANF sees fourth-quarter net sales to between 7% and 8%, vs. previous 5%-7% forecast, in line with estimates of 7.5% growth
** ANF rose 70% in 2024
(Reporting by Neil J Kanatt in Bengaluru)
((Neil.JKanatt@thomsonreuters.com;))
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