Jan 12 (Reuters) – Abercrombie & Fitch lowered its annual net sales growth forecast on Monday, sending shares down 16% in premarket trade. The company expects full-year net sales growth of at least 6% compared to its previous forecast of a rise between 6% and 7%. (Reporting by Neil J Kanatt in Bengaluru; Editing by Mrigank […]
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Abercrombie & Fitch tempers annual sales growth forecast
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Jan 12 (Reuters) – Abercrombie & Fitch lowered its annual net sales growth forecast on Monday, sending shares down 16% in premarket trade.
The company expects full-year net sales growth of at least 6% compared to its previous forecast of a rise between 6% and 7%.
(Reporting by Neil J Kanatt in Bengaluru; Editing by Mrigank Dhaniwala)