ANF: Improving Abercrombie Promotional Ensemble Uncovers Inflection sent

ANF: Improving Abercrombie Promotional Ensemble Uncovers Inflection sent

Management commentary consistent with our promotional ensemble tracking fewer discount campaigns:

>”Abercrombie brands made sequential progress in-line with our expectations, and we are tightly managing inventory as we aim for fourth quarter brand net sales to be approximately flat to last year’s record. “

> “…keeping inventory tight while continuing to flow in newness allowing for AUR improvement on lower promotions.”