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ANF's strong sales are overshadowed by a sharp drop in gross margin due to tariffs and elevated inventory costs.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
ANF shares drop after a strong Q1 report, as margin pressure and Abercrombie brand weakness unsettle investors.
Zacks.com users have recently been watching Abercrombie (ANF) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Stacey Widlitz, SW Retail Advisors president, says many consumers are still willing to pay higher prices, despite tariffs. She says many brands are getting away with raising prices if their products are in demand.
Explore Abercrombie's (ANF) international revenue trends and how these numbers impact Wall Street's forecasts and what's ahead for the stock.
CNBC's Jim Cramer on Friday reviewed recent earnings from teen-focused apparel makers Abercrombie & Fitch and American Eagle Outfitters. While he was more optimistic about Abercrombie, he was generally cautious on the group.
Shares of Abercrombie & Fitch (ANF -3.36%) are trading higher this week. The company's stock jumped 9.7% as of 2:15 p.m.
ANF's impacted FQ1'25 sales in the Americas region has occurred as expected, attributed to the reduced consumer spending trends, worsened by the tougher YoY comparison. This is on top of the ongoing/ future bottom-line impacts arising from the inventory clearance and trade war, as the management expects a cost impact of $50M. Even so, Hollister's robust Hollister sales cadence has triggered the management's raised FY2025 revenue guidance, underscoring the somewhat durable demand for its brand offerings.
Abercrombie & Fitch's (NYSE: ANF) Q1 results surpassed expectations on May 28, resulting in a 15% increase in shares. After the market opened on May 29, the stock retreated to $83, remaining 44% below its year-to-date peak and lagging behind the S&P 500's 0.6% increase.