
Abercrombie & Fitch Shares Surge on Strong Earnings and Raised Guidance
Abercrombie & Fitch reported a second-quarter earnings beat driven by a $100 million tariff refund and robust consumer demand, prompting the company to raise its full-year forecast. The positive results sent shares up nearly 37 percent, contrasting sharply with Kohl’s stock decline despite its own earnings beat.
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Abercrombie Soars on Guidance Lift, Flagship Brand Growth
Abercrombie & Fitch Co. shares rallied after revenue topped estimates and the retailer raised its annual earnings guidance, suggesting the preppy apparel company is regaining some momentum even after another quarter of slow sales growth. Bloomberg's Mary Ross Gilbert joined Bloomberg Intelligence to discuss their earnings. (Source: Bloomberg)
Read full article →Abercrombie & Fitch Stocks Rises as Earnings Show Consumers Still Spending on Clothes - Barron's
Abercrombie & Fitch Stocks Rises as Earnings Show Consumers Still Spending on Clothes Barron's
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