**Abercrombie & Fitch Reports Strong Quarterly Results, Raises Full-Year Guidance**.
**Highlights**.
* Abercrombie & Fitch (ANF) reported better-than-expected fourth-quarter earnings and revenue..
* The company raised its full-year outlook for 2023..
* Strong demand for the company’s apparel and accessories drove the positive results..
**Financial Performance**.
* Q4 Net Sales: $1.33 billion, up 3% year-over-year..
* Q4 Diluted Earnings Per Share (EPS): $1.62, exceeding analyst estimates of $1.54..
* Full-Year 2022 Net Sales: $4.50 billion, up 1% year-over-year..
* Full-Year 2022 Diluted EPS: $4.76, exceeding analyst estimates of $4.48..
**Business Performance**.
* Comparable sales increased by 2% in Q4 and 2% for the full year..
* Abercrombie & Fitch’s flagship brand performed well, with comparable sales up 4% in Q4 and 3% for the full year..
* The company’s Hollister brand also posted positive results, with comparable sales up 1% in Q4 and 1% for the full year..
**Sales Channels**.
* Digital sales grew by 9% in Q4 and 2% for the full year..
* Stores accounted for 79% of total sales in Q4..
**Full-Year Outlook**.
* Net sales are expected to range between $4.55 billion and $4.65 billion..
* Diluted EPS is expected to be between $3.80 and $4.00..
**Executive Commentary**.
* Fran Horowitz, CEO of Abercrombie & Fitch, said, .
