Abercrombie cuts annual sales forecast as inflation hits apparel demand

　　div classBodysc17zpet90 cdBBJodivpReuters – Abercrombie & Fitch Co trimmed its fullyear sales forecast on Tuesday as recordhigh inflation hits demand for the retailers jeans, tops and dresses, sending its shares down 18 in premarket trade.p

　　pThe company now expects net sales to be flat to up 2 in fiscal 2022, compared with its earlier forecast of a 2 to 4 growth. Analysts on average expect sales to increase 3.5 to 3.84 billion, according to Refinitiv IBES data.pdivdivdiv classBodysc17zpet90 cdBBJodiv

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　　pp Reporting by Deborah Sophia in Bengaluru Editing by Vinay Dwivedip

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