Abercrombie Reports Strong Q2 Beat, Yet Its Stock Tanks 17%: What's Going On?
ANFA&F(ANF) Forbes·2024-08-30 22:00

AUSTIN, TEXAS - AUGUST 28: The entrance of the Abercrombie & Fitch retail store in the Barton Creek ... [+] Square Mall on August 28, 2024 in Austin, Texas. Abercrombie & Fitch revenue rose 21%, beating sales expectations during its second-quarter earnings. (Photo by Brandon Bell/Getty Images)Getty ImagesAbercrombie & Fitch (NYSE: ANF), a specialty retailer selling casual clothing and footwear, fell around 17% on Wednesday, 28th August, as compared to a 0.6% decline in the S&P 500 index. In comparison, ANF’ ...