Abercrombie & Fitch Co. provided earnings guidance for the first quarter and full year 2024. for the quarter, the company expects net sales to be up low double-digits to fiscal first quarter 2023 level of $836 million.

For the year, the company expects Net sales growth in the range of 4% to 6% from $4.3 billion in fiscal 2023, which includes the adverse impact of approximately $50 million from the 53rd reporting week in fiscal 2023. The company expects Abercrombie brands will continue to outperform Hollister brands and the Americas will continue to lead the regional performance. the company also expect the year-over-year growth rate to be higher in the first half of the year, partially due to the calendar shifts from the 53rd week in 2023.