Abercrombie & Fitch shares soared roughly 20% in pre-market trading on Thursday, extending gains for the session to more than 23%, after the teen retailer lifted its full-year outlook on the back of easing inflation and increased demand..
In a statement, the company said it now sees net sales increasing in a low-single-digit percentage range for fiscal 2023, compared to a prior forecast of a decline in the mid-single-digit percentage range..
Comparable sales are now expected to be flat to up 2% for the year, from a previous range of down 2% to up 1%..
Abercrombie cited .
