Abercrombie & Fitch lifts Q4 outlook: sales high-teens, op margin ~15%

ABERCROMBIE & FITCH CO /DE/

Q4 net sales growth raised to high-teens (prev low double-digits); operating margin ~15% (prev 12-14%).
Full-year fiscal 2023 net sales growth raised to 14-15% (prev 12-14%); operating margin ~11% (prev ~10%).
Strength from holiday season; Abercrombie women's business on track for highest-ever Q4 sales.
Hollister brands achieve notable gross profit rate expansion; company ahead of schedule on 2025 targets.

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