Abercrombie & Fitch's Strong Holiday Sales Propel Record Revenue Growth
Originally Published 1 year ago — by Yahoo Finance
Abercrombie & Fitch Co. forecasts a slowdown in full-year revenue growth, indicating a potential wane in momentum after a period of strong performance. The company, popular among millennials and Generation Z, has attributed its recent growth to categories like dresses, tailored pants, and activewear. Despite the projected slowdown, the company reported earnings that beat analysts' estimates and has seen a notable turnaround from its lowest share price four years ago, largely due to investments in e-commerce and store format experimentation. CEO Fran Horowitz emphasized the company's expansion beyond its original product offerings and expressed confidence in its growth potential.