Why Abercrombie & Fitch Stock Dropped Even After Good News This Week
ANFA&F(ANF) The Motley Fool·2024-08-30 22:45

Abercrombie & Fitch had a blowout quarter -- here's why the stock still tanked.Retailers have been reporting mixed results this earnings season as some consumers pull back spending while others look for deals. Abercrombie & Fitch (ANF 1.33%) reported record second-quarter net sales and beat analyst sales expectations for the sixth straight quarter.But the stock still crashed. For the week, Abercrombie stock was down 16% as of Friday morning, according to data provided by S&P Global Market Intelligence. Two ...