Claiming better-than-expected sales for the holiday season, Abercrombie & Fitch announces that it has raised its targets for its last accounting quarter, as well as for its full fiscal year 2023.

The clothing house now anticipates sales growth in the upper 10-20% range and an operating margin of around 15% for the quarter, or growth of 14-15% and a margin of around 11% for the full year.

We believe that our increased expectations for the full year 2023 will enable us to be ahead of schedule in our Always Forward 2025 financial objectives", says CEO Fran Horowitz.

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