Abercrombie & Fitch raises Q4 net sales view to up in the range of 1%-2%

From down in the range of 2%-4%, consensus $1.13B. Fran Horowitz, Chief Executive Officer, said: "I am pleased with our quarter-to-date performance. Our brands performed well during the peak holiday selling period, delivering sequential sales trend improvement from third quarter levels, leading us to increase our fourth quarter sales and operating margin outlook. At Abercrombie, the strong momentum we have seen all year at the Abercrombie & Fitch brand continued in the holiday season with the women’s business on track to deliver its highest fourth quarter sales ever. Importantly, this strong performance has been complemented by an acceleration in men’s growth from third quarter trends. For Hollister, while we expect to finish the fourth quarter with sales below 2021 levels, the sales trend improved nicely from third quarter as we have begun to realize initial benefits from assortment adjustments and personnel changes."