Abercrombie & Fitch increases FY23 revenue outlook to growth of 14% to 15%

Previously growth of 12% to 14%, consensus $4.2B. Fran Horowitz, Chief Executive Officer, said: “As we approach the end of our fiscal year, we proudly reflect on how much our team has accomplished across product, voice and experience. Our results show that our playbook is working, giving customers compelling reasons to engage, shop and stay with our family of brands. We believe our increased full year fiscal 2023 expectations will put us ahead of schedule on our Always Forward Plan 2025 financial targets. Importantly, we expect to exit fiscal 2023 poised for sustainable, profitable sales growth fueled by several years of transformational investments in our brands, people and operating model. A huge thank you to the thousands of global associates who have worked so hard to make all of this possible.”