Tiger Brokers

BUZZ-Abercrombie & Fitch falls on weak annual sales forecast

Reuters
Mar 05, 2025
BUZZ-Abercrombie & Fitch falls on weak annual sales forecast

** Shares of Abercrombie & Fitch ANF.N down 6.7% at $89.71 before the bell

** Company forecast annual sales growth below estimates as consumer spending on pricier apparel remains weak

** Expects fiscal 2025 operating margin in the range of 14% to 15%, compared with 15% reported in 2024

** ANF says the outlook for operating margin includes estimated impact from the tariffs announced in February 2025 on goods imported from China, Mexico and Canada into the United States

** Company also announces board has authorized a new $1.3 billion stock repurchase program

** In 2024, stock had risen about 69%

(Reporting by Ananya Mariam Rajesh in Bengaluru)

((AnanyaMariam.Rajesh@thomsonreuters.com ; X: https://twitter.com/AnanyaMariam))

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