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Abercrombie & Fitch shares plunge 17% as CEO warns of ‘increasingly uncertain environment' ahead
ANFA&F(ANF) New York Post·2024-08-28 21:57

Abercrombie & Fitch shares plunged 17% Wednesday after its CEO warned of an “increasingly uncertain environment” ahead — the company’s first mention of a cautious consumer sentiment in four quarters.The sell-off came despite the company raising its annual sales target after reporting better-than-expected quarterly revenue, but investors expected a bigger forecast bump from the high-flying retailer.CEO Fran Horowitz had cautioned that Abercrombie & Fitch might see growth falter in the second half of the year ...