Is Abercrombie & Fitch's Pullback a Buying Opportunity?

The apparel retailer's turnaround story isn't over yet.Abercrombie & Fitch's (ANF 3.76%) stock price plunged 17% on Aug. 28 after it followed up a strong quarterly report with a cautious outlook for the rest of the year. For the second quarter of fiscal 2024, which ended on Aug. 3, the apparel retailer's net sales rose 21% year over year to $1.13 billion and exceeded analysts' estimates by$40 million. Its adjusted EPS jumped 131% to $2.50 and also cleared the consensus forecast by$0.28.A&F now expects its ...