The apparel company issued strong holiday guidance on Tuesday after posting its sixth straight quarter of double-digit sales growth and another quarter of results that topped expectations.
For the all-important holiday shopping quarter, Abercrombie is expecting sales growth of 5% to 7%, ahead of the 4.8% growth that analysts had expected, according to LSEG.
That new outlook is higher than the 12.1% growth analysts had expected, according to LSEG.
The Abercrombie and Hollister brands posted comparable sales growth of 11% and 21%, respectively.
Horowitz noted the strong performances lapped growth of 26% for Abercrombie and 7% for Hollister last year.
Persons:
Fitch isn't, Mike Jeffries, Abercrombie, Fran Horowitz, Horowitz, Hollister, it's, It's, Donald Trump's, –, bullishness
Organizations:
Abercrombie, Fitch, LSEG, NFL, Hollister, Black, Dick's
Locations:
Manhattan, New York City, Americas