NEW YORK, NEW YORK - AUGUST 25: An Abercrombie & Fitch signage is seen on a store on Fifth Avenue on August 25, 2022 in New York City. The Abercrombie retail store, which also owns the Hollister chain ...

Abercrombie & Fitch Co. (ANF) plunged in trading on Wednesday despite the lifestyle retailer raising its FY24 sales outlook and delivering better-than-expected comparable sales in the second quarter.

I maintain a hold rating on ANF due to near-term headwinds despite strong international growth and Hollister’s momentum. International sales are accelerating, and Hollister delivered record results, ...

Abercrombie is heading into its Q4 earnings release with shares up 140% in the last six months and 350% in the last year. Double-digit sales growth and material expansion in margins lend support to ...