Consumer
Abercrombie & Fitch’s Sales Growth Disappoints Wall Street
- Fashion retailer raises its full-year growth outlook
- CEO says the holiday collection is doing well so far
An Abercrombie & Fitch store in New York.
Photographer: Stephanie Keith/BloombergThis article is for subscribers only.
Abercrombie & Fitch Co. is still growing, but not fast enough for investors.
The fashion retailer reported record net sales of $1.2 billion in the third quarter, matching analysts’ estimates. Wall Street was expecting even stronger growth after seven straight quarters of year-over-year revenue gains.