Abercrombie & Fitch lifts fourth-quarter sales target on strong holiday demand

© Reuters. FILE PHOTO: Abercrombie & Fitch products are seen at their store at the Woodbury Common Premium Outlets in Central Valley, New York, U.S., February 15, 2022. REUTERS/Andrew Kelly/File Photo

(Reuters) – Abercrombie & Fitch on Monday raised its annual net sales growth target for the current quarter helped by strong demand for its apparel collections during the holiday shopping season.

The company now expects fourth-quarter net sales to grow between 7% and 8%, compared with the prior target of 5% to 7% growth.

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