Abercrombie & Fitch Raises 2023 Sales Forecast

Abercrombie & Fitch Inc on Wednesday reported a surprise quarterly profit and raised its annual sales forecast, as the apparel retailer bets on its efforts to stock shelves with in-demand products, sending its shares up 18 percent.

The apparel retailer has made efforts to improve its inventory across all its labels, attracting affluent American customers to shop for a diverse range of products like dresses and cargos, as they get back to…