Abercrombie Shares Tumbles 21% After Retailer Posts Loss, Offers Weak Outlook

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Abercrombie Shares Tumbles 21% After Retailer Posts Loss, Offers Weak Outlook

Tiger Newspress2022-05-24

Abercrombie & Fitch shares tumbled 21% in premarket trade Tuesday after the retailer reported an unexpected loss in its fiscal first quarter, with freight and product costs weighing on sales.

Abercrombie also slashed its sales outlook for fiscal 2022, anticipating that economic headwinds will remain at least through the end of the year.

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Sienta
·2022-05-26
Oooo
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cwpang
·2022-05-24
👌
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cwpang
·2022-05-24
👌
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Dindindino
·2022-05-24
Like pls
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Gackky
·2022-05-24
zombie share 21% tumbler after retailers loss their posts and offers weak outlook email [Surprised]
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