Clothing retailer Abercrombie & Fitch’s better-than-expected holiday sales in the fourth quarter of last year have pushed the sales and operating margin guidance up for both the period and the full year.

Abercrombie & Fitch now expects fourth-quarter net sales to have increased in the high teens, as compared to the previous low double-digit estimates.

Operating margin during the period is estimated at around 15 per cent, up from the 12 per cent to 14 per cent previous outlook.

“We expect to deliver fourth-quarter net sales growth across regions led by continued strength in the Americas,” said Abercrombie & Fitch CEO Fran Horowitz.

For the full year, the company forecasts net sales to have jumped 14 per cent to 15 per cent, up from the previously expected growth of 12 per cent to 14 per cent.

The company also expects FY23 operating margin to have climbed 11 per cent, up from the forecasted 10 per cent.

“Consistent with the first three quarters of 2023, our customers responded positively to compelling product assortments and engaging marketing leading us to increase our fourth quarter and full-year net sales and operating margin outlook,” said Horowitz.