Abercrombie & Fitch Q2: When Great Isn't Enough
ANFA&F(ANF) Seeking Alpha·2024-08-29 13:47

anouchka Abercrombie & Fitch Co. (NYSE:ANF) reported the company's fiscal Q2 results on the 28th of August in pre-market hours. Despite top-of-the-line results that exceeded Wall Street's estimates, the stock has crashed -17% to the results. In my previous article on the stock, I initiated the stock at a Sell rating as the impressive Abercrombie & Fitch brand turnaround was overshadowed by a too tight valuation, especially considering the possible shift in fashion trends that acts as a major risk to the lon ...