Abercrombie & Fitch forecasts annual sales growth below estimates

Reuters
05 Mar
Abercrombie & Fitch forecasts annual sales growth below estimates

March 5 (Reuters) - Abercrombie & Fitch ANF.N on Wednesday forecast annual sales growth below estimates as consumer spending on pricier apparel remains weak.

The company expects annual net sales to grow in the range of 3% to 5%, compared with market expectations of 6.77% growth, according to data compiled by LSEG.

(Reporting by Juveria Tabassum in Bengaluru; Editing by Devika Syamnath)

((Juveria.Tabassum@thomsonreuters.com;))

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