Abercrombie & Fitch raised its annual sales forecast on Wednesday after its second-quarter results comfortably beat estimates on strong demand for latest fashion styles at its Abercrombie label and improved assortment at Hollister.
both leaving their annual forecasts unchanged despite quarterly profit beats as consumer spending remains pressured in the U.S.
"They've been able to keep up with the consumer as they change, lean into trends and have the ability to chase demand instead of taking promotions," Wolff added.
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