Abercrombie & Fitch exceeded analyst expectations for its second quarter, reporting a 21% year-over-year sales increase and a strong adjusted EPS. The company also raised its full-year sales and operating margin forecasts, citing continued execution of its global strategy and disciplined inventory management. However, shares dipped despite the positive results, likely due to concerns about the uncertain economic environment.
Results for: ANF
Abercrombie & Fitch (ANF) reported strong second-quarter earnings, exceeding analyst expectations for both sales and earnings per share. The company raised its full-year sales and operating margin outlook, but shares are trading lower premarket despite the positive news.