On Monday, U.S. apparel retail concept stocks faced pressure in pre-market trading, with Abercrombie & Fitch (ANF.US) falling more than 17% after the company updated its performance guidance, narrowing its ranges for certain profit and revenue expectations. The company stated that for the fourth quarter of fiscal year 2025, diluted net income per share is now projected to be between $3.50 and $3.60, a more focused range compared to the previously provided $3.40 to $3.70. According to a survey, the current analyst consensus estimate is $3.60. Regarding revenue, Abercrombie & Fitch expects fourth-quarter net sales to increase by approximately 5% year-over-year, compared to a previous guidance range of 4% to 6% growth. Simultaneously, the company also updated its full-year profit outlook for fiscal 2025, projecting diluted earnings per share (EPS) to be in the range of $10.30 to $10.40, a slight adjustment from the previous range of $10.20 to $10.50. A survey indicates that the analyst consensus estimate for the company's full-year EPS is $10.17. American Eagle Outfitters (AEO.US) fell more than 9%, as the company now anticipates fourth-quarter operating profit to be between $167 million and $170 million, higher than the previously provided guidance range of $155 million to $160 million. The company noted that positive trends across its brands and omnichannel sales contributed to the improved performance expectations. Despite the raised guidance, the company's stock price still declined in pre-market trading, indicating that the market remains cautious about its near-term stock performance. Among other apparel retail concept stocks, Urban Outfitters (URBN.US) fell more than 8%, Under Armour-A (UAA.US) dropped over 3.7%, and Gap Inc (GAP.US) declined more than 3.4%.
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