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Stock impact report

Abercrombie & Fitch's stock surges after Q4 sales outlook [MarketWatch]

Abercrombie & Fitch Company (ANF) 
Last abercrombie & fitch company earnings: 3/4 07:30 am Check Earnings Report
US:NYSE Investor Relations: abercrombie.com/shop/us
Company Research Source: MarketWatch
Abercrombie & Fitch's stock surges after Q4 sales outlook Shares of Abercrombie & Fitch Co. ANF, +4.41% surged 5.2% in premarket trade Monday, after the apparel retailer affirmed its fourth-quarter outlook. The company said it expects fourth-quarter same-store sales to be up in the "low-single digits" percentage range from a year ago, compared with the FactSet consensus of a 1.2% rise. Abercrombie said it expects net sales to decrease in the "mid-single digits" range, given the negative impact of a calendar shift and changes in foreign currency rates, while the FactSet sales consensus of $1.14 billion implies a 4.8% decline. Abercrombie plans to report full results on March 6. The stock has run up 9.1% over the past three months, while the SPDR S&P Retail ETF XRT, +0.53% has dropped 7.6% and the S&P 500 SPX, -0.01% has lost 6.2%. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here. Show less Read more
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