Jan 12 (Reuters) - Abercrombie & Fitch ANF.N lowered its annual net sales growth forecast on Monday, sending shares down 16% in premarket trade.
The company expects full-year net sales growth of at least 6% compared to its previous forecast of a rise between 6% and 7%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.