Abercrombie & Fitch Co. Increases Fourth Quarter Sales and Operating Margin Outlook Based on Better-Than-Expected Holiday Sales

Fran Horowitz, Chief Executive Officer, said: “Consistent with the first three quarters of 2023, our customers responded positively to compelling product assortments and engaging marketing leading us to increase our fourth quarter and full year net sales and operating margin outlook. We expect to deliver fourth quarter net sales growth across regions led by continued strength in the Americas. ​

Each of our brands continued to generate sales growth, led by the Abercrombie brands. Abercrombie Women’s Activity

As we approach the end of our fiscal year, we’re proud to reflect on all that our team has accomplished in terms of products, voice, and expertise. Our effects show that our playbook is working, giving consumers compelling reasons to engage, buy, and stay with our circle of brand familiars. Our higher expectations for fiscal year 2023 will allow us to stay ahead of the monetary goals of our Always Forward 2025 plan. Importantly, we expect to end fiscal 2023 with sustainable and successful sales growth. , driven through several years of transformative investments in our brands, people and operating model. A huge thank you to the thousands of affiliates around the world who have worked so hard to make this possible. “

(1) Released November 21, 2023

The company will participate in meetings with investors and analysts at the ICR 2024 convention to be held from January 8 to 10, 2024.

This press and similar statements through Abercrombie’s control or spokespeople

This press release is available on corporativo. abercrombie. com. Important data can be disseminated first or exclusively via the online page: investors are invited to consult the online page to access this data.

Abercrombie

The brands share a commitment to offering products of enduring quality and exceptional comfort that allow consumers around the world to express their own individuality and style. Abercrombie & Fitch Co. operates approximately 760 stores under these brands across North America, Europe, Asia and the Middle East, as well as the e-commerce sites www.abercrombie.com, www.abercrombiekids.com, www.hollisterco.com, www.gillyhicks.com and www.socialtourist.com.

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