RTTNews | Jan 11, 2021 08:40PM EST

20:39 Monday, January 11, 2021 (RTTNews.com) - Abercrombie & Fitch Co. (ANF) said it now expects net sales fourth quarter 2020 to decline in the 5% to 7% range compared to plan of down 5% to down 10%, reflecting ongoing digital momentum offset by store closures and capacity restrictions in North America and EMEA.

Operating expense, excluding other operating income, to be down at least 2% from fiscal 2019 adjusted non-GAAP operating expense of $566 million, reflecting savings in store expenses due to closures and the recognition of rent abatements. It compared to plan of up 1% to 2%.

Read the original article on RTTNews ( https://www.rttnews.com/3159537/abercrombie-fitch-upgrades-q4-net-sales-outlook.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved