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 ...

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’ ...

As revealed in the second quarter, many of the largest companies in the S&P 500 managed to surpass Wall Street expectations, set a winning tone for the rest of the year, and determine potential investments that could yield profits as soon as Q4 2024.Using the previous quarters as parameters, Finbold picked two stocks based on their fundamentals and growth outlooks, which could turn a $1,000 investment into a $10,000 profit.Dell (NYSE: DELL)Although it is a lesser-known artificial intelligence (AI) pick that ...

ABERCROMBIE & FITCH CO. REPORTS SECOND QUARTER FISCAL 2024 RESULTS New Albany, Ohio, August 28, 2024: Abercrombie & Fitch Co. (NYSE: ANF) today announced results for the second quarter ended August 3, 2024. These compare to results for the second quarter ended July 29, 2023. Descriptions of the use of non-GAAP financial measures and reconciliations of GAAP and non-GAAP financial measures accompany this release. Fran Horowitz, Chief Executive Officer, said, "Our team continued to execute at a very high level ...

Several top-rated Zacks stocks are standing out from a variety of sectors after posting strong quarterly results this week.  Able to exceed top and bottom line expectations on Wednesday, here are three of these intriguing companies to invest in as their stocks continue to outperform the broader market.Abercrombie & Fitch (ANF) Among the retail sector, casual apparel retailer Abercrombie & Fitch continues to stand out in terms of growth and value. Abercrombie’s Q2 sales rose 21% to $1.13 billion which beat e ...

The U.S. economy remains resilient even though the interest rate is currently at its 23-year high and the inflation rate is still elevated. Despite a tough scenario, consumer spending remains resilient. Consequently, the retail sector has flourished over the past year. We have selected two retailers with solid earnings estimate revisions and strong potential for stock price appreciation in the near term. These two retailers are Abercrombie & Fitch Co. (ANF) and Deckers Outdoor Corp. (DECK) . These two compa ...

Fashion retailer Abercrombie & Fitch NYSE: ANF posted better-than-expected earnings for its Q2 season, which ended August 3, 2024. While CEO Fran Horowitz-Bonadies expressed hesitancy about the company’s “uncertain” position, its success realigning its offerings with consumer demands post-pandemic has left investors expecting more for the holiday season. Get Abercrombie & Fitch alerts:A&F: Earnings by NumbersAbercrombie & Fitch TodayANFAbercrombie & Fitch$140.81 +2.50 (+1.81%) 52-Week Range$49.24▼$196.99P/E ...

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 ...

jetcityimage Abercrombie & Fitch's (NYSE:ANF) 2Q24 results were really good, yet the market dropped the price by 17%, signaling lofty expectations can thump on good company development. The results do not provide a lot of information about the future, given ANF management's discrete approach to earning calls, and conservative guidance. However, the stock is down 30% since my last article, and I believe this merits a revision of the thesis. Today, the market values ANF at a multiple of 13x or, conversely ...

Abercrombie's share price slumped this week despite another strong quarter. (AP Photo/Bebeto ... [+] Matthews, File)Copyright 2017 The Associated Press. All rights reserved. Spare a thought for fashion group Abercrombie & Fitch, which saw its shares plunge Wednesday after the apparel retailer’s CEO raised concerns about the wider retail market against a challenging economic backdrop.Lest we forget, time was when Abercrombie’s stock value didn't need any help in losing ground, scraping along the bottom as th ...