Why Abercrombie & Fitch stock is dropping despite double-digit sales growth and rosy earnings
Briefly

Abercrombie & Fitch reported strong second quarter growth with $1.1 billion in revenue, but stock prices fell sharply due to caution about the retail environment.
CEO Fran Horowitz emphasized, 'We continue to operate in an increasingly uncertain environment, we remain steadfast in executing our global playbook and maintaining discipline over inventory and expenses.'
Despite a forecast for a shorter fiscal year impacting sales by $50 million, Abercrombie & Fitch raised its growth outlook for fiscal 2024 to 12-13%.
Horowitz noted, 'We are on track and confident in our goal to deliver sustainable, profitable growth this year, while making strategic long-term investments across marketing, digital and technology.'
Read at Fast Company
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