Abercrombie & Fitch forecasts slower growth, sending shares tumbling
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Abercrombie & Fitch shares dropped nearly 14% after the company issued cautious guidance for fiscal year 2025, despite reporting strong fourth-quarter results with a 9% increase in revenue and an 18% rise in net income.
March 05, 2025 | 5:15 pm
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Abercrombie & Fitch's shares fell 14% due to cautious fiscal year 2025 guidance, despite strong Q4 results with a 9% revenue increase and 18% net income rise.
The significant drop in ANF's share price is directly linked to the company's cautious guidance for fiscal year 2025, which overshadowed its strong Q4 performance. Investors are likely concerned about future growth prospects, leading to a negative short-term impact on the stock price.
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