2 Retail Stocks Gapping Lower After Earnings
Foot Locker(FL) Schaeffers Investment Research·2024-08-28 22:11
Shares of Abercrombie & Fitch Co (NYSE:ANF) and Foot Locker Inc (NYSE:FL) are gapping lower after the retailers' respective second-quarter earnings reports. Though the former beat top- and bottom-line estimates and lifted its current-quarter outlook, its CEO also warned of an "increasingly uncertain environment." Meanwhile, the latter shared a revenue miss.ANF was last seen down 14.8% to trade at $141.96, on track for its worst day since May 2022. Shares are also gapping back below their 40-day moving avera ...