Abercrombie & Fitch: Don't Overthink The Buying Opportunity
ANFA&F(ANF) Seeking Alpha·2024-08-29 23:30
jetcityimage Abercrombie's Moment Of Reckoning Abercrombie & Fitch Co. (NYSE:ANF) investors received a moment of reckoning yesterday (August 28) as the leading retailer reported earnings. Abercrombie's Q2 earnings release indicated a mixed scorecard. Although comps sales growth was robust, its gross margins failed to meet Wall Street's estimates. As a result, it led to a battering in ANF stock yesterday as the market reassessed its growth algorithm. After ANF's significant market outperformance over the ...