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0 -0.0022330097087379 -0.0037864077669903 0.00116504854368936 0.00145631067961171 0.00097184466019429 0.00291262135922327 0.00203883495145639
Stock impact report

Why Abercrombie and Fitch (ANF) Shares Are Trading Lower Today [Yahoo! Finance]

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: Yahoo! Finance
The revised outlook overshadowed a report of record holiday sales. The company tightened its full-year net sales growth forecast to "at least 6%," a reduction from its previous range of 6% to 7%. This guidance fell short of Wall Street's high expectations. Adding to investor concerns, the company projected about $90 million in tariff-related costs. The operating margin forecast was also narrowed to 13%, the lower end of the prior range. Furthermore, Abercrombie & Fitch increased its planned capital spending for the year to approximately $245 million. The combination of a weaker sales outlook and rising costs prompted a sharp negative reaction from investors. The shares closed the day at $102.94, down 17.6% from previous close. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Abercrombie and Fitch? Access our full analysis report here, it's free Abercrombie and Fitch's shares are extremely Show less Read more
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