Shares of Abercrombie & Fitch plunge 15% after CEO warns of 'increasingly uncertain environment'
Publishing timestamp: 2024-08-28 10:03:16
Summary
Abercrombie & Fitch beat expectations with strong growth, but CEO warns of uncertain environment. Company's revenue grew 21% in second quarter, leading to bullish guidance for current quarter. Shares fell despite positive results. CEO remains confident in long-term growth strategy.
Sentiment: MIXED
Tickers: ANF,
Keywords: breaking news: earnings, business news, retail industry, business, abercrombie & fitch co, earnings, breaking news: business,
Source: https://www.cnbc.com/2024/08/28/abercrombie-fitch-anf-earnings-q2-2024.html