Abercrombie & Fitch boosts sales growth outlook, but stock set for a pullback

Abercrombie & Fitch Co. ANF, -2.12% raised its outlook for fiscal fourth-quarter sales, citing better-than-expected holiday sales. The apparel and accessories retailer now expects sales for the quarter through January to rise in the “high-teens” percentage range from a year ago, compared with previous guidance of “low double-digits” growth. The current FactSet sales consensus of $1.367 billion implies a 13.8% rise. The company raised its guidance range for full-year sales growth to 14% to 15% from 12% to 1 ...