Abercrombie & Fitch Lifts Its Outlook—And Its Stock Drops
1. Abercrombie & Fitch raised its year-end sales outlook but shares fell sharply. 2. Analysts predicted 7-8% sales growth, aligning with Wall Street's expectations. 3. Stock decline suggests investor disappointment over guidance not being optimistic enough. 4. Some analysts view the drop as a buying opportunity for long-term investors. 5. S&P 500's decline may have contributed to Abercrombie's stock movement.