Abercrombie & Fitch reported its sixth consecutive quarter of double-digit sales growth, exceeding Wall Street expectations for both revenue and earnings. Abercrombie & Fitch raised its holiday and full-year sales growth forecasts, surpassing prior expectations. CEO Fran Horowitz highlighted strong regional performance and growth in new categories like the wedding collection and an NFL partnership. Hollister's 14% sales increase accounted for nearly half of revenue, while Abercrombie saw 11% comparable sales growth. Both brands outperformed their strong prior-year results. Shares dipped 3% in premarket trading despite the upbeat outlook.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Abercrombie & Fitch reported its sixth consecutive quarter of double-digit sales growth,
00:06exceeding Wall Street expectations for both revenue and earnings.
00:09Abercrombie & Fitch raised its holiday and full-year sales growth forecast,
00:13surpassing prior expectations. CEO Fran highlighted strong regional performance
00:18and growth in new categories like wedding collections and NFL partnership.
00:22Hollister's 14 percent sales increase accounted for nearly half of the revenue,
00:26while Abercrombie saw 11 percent comparable sales growth.
00:30Both brands outperformed their strong year-prior earnings.
00:33Shares dipped 3 percent in pre-market trading despite the upbeat outlook.