Skip to main content

Is This Retail Stock's 284% Rally Poised For A Sales Guidance Boost?

·1 min

A number of retail stocks provided business updates ahead of a conference. Abercrombie & Fitch increased its fiscal 2023 sales and operating margin outlook. Lululemon predicted a better-than-expected Q4. Abercrombie & Fitch announced higher full-year sales growth and increased sales growth expectations for Q4. Crocs stock surged after it predicted revenue growth for 2023. Genesco stock sank after revising lower its fiscal 2024 EPS estimates. American Eagle Outfitters also raised its fourth-quarter revenue outlook. Lululemon provided an updated revenue range and diluted earnings per share forecast for Q4. Lululemon stock has a high Composite Rating and the firm remains bullish on it.