Abercrombie & Fitch Stock Plunges as Company Frets About Retail Environment
A&F(ANF) Investopedia·2024-08-29 01:16
Key TakeawaysAbercrombie & Fitch CEO Fran Horowitz said the clothing retailer continues to operate in "an increasingly uncertain environment."The company beat profit and sales estimates for the second quarter and raised its full-year revenue outlook.Abercrombie shares were down 17% in early-afternoon trading Wednesday. Abercrombie & Fitch (ANF) shares plunged Wednesday after the clothing retailer’s chief executive officer raised concerns about the economy affecting the retail market. CEO Fran Horowitz said ...