Consumer
Abercrombie Revenue-Growth Forecast Shows Signs of Slowing
- Profit tops estimates on strength in dresses, tailored pants
- Company’s share price has more than quintupled in 12 months
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Abercrombie & Fitch Co. offered a full-year revenue-growth forecast that would be a slowdown from the prior year, suggesting that the apparel retailer’s momentum might finally be flagging after a torrid run.
The company, which is particularly popular among millennials and Generation Z, has experienced five consecutive quarters of revenue growth, outperforming other US apparel companies such as Gap Inc., which have struggled in recent years to keep customers coming back. Chief Executive Officer Fran Horowitz has credited Abercrombie’s recent growth to strength in categories like dresses, tailored pants and activewear.