Abercrombie & Fitch tempers annual sales growth forecast

Jan 12 (Reuters) – Abercrombie & Fitch ‍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%.

(Reporting ⁠by Neil ‌J Kanatt in Bengaluru; Editing by Mrigank ⁠Dhaniwala)