Abercrombie & Fitch and Lululemon Raise Q4 Outlooks After Strong Holiday Sales

Both companies report significant growth, with Abercrombie leading the fashion industry in stock price gains last year.

Abercrombie & Fitch and Lululemon Athletica Inc. have both raised their fourth-quarter outlooks after better-than-expected holiday sales.
Abercrombie & Fitch led the fashion industry in stock price gains last year with a 285 percent increase.
Abercrombie & Fitch now expects fourth-quarter net sales to be up in the high teens, and an operating margin of around 15 percent.
Lululemon projected its fourth-quarter revenues would increase by 14 to 15 percent to a range of $3.17 billion to $3.19 billion.
Lululemon’s forecast for fourth-quarter earnings per share increased to a range of $4.96 to $5 from $4.85 to $4.93.