Abercrombie & Fitch Shares Plunge Over 17% After Revising Outlook and Issuing Business Update

Shares of Abercrombie & Fitch Co. (NYSE: ANF) fell sharply, dropping more than 17% following the company’s revised business outlook and updated guidance for its fiscal year. The apparel retailer lowered its expected annual net sales growth to at least 6%, down from the prior range of 6%‑7%, signaling a more cautious view of demand ahead. In addition, the company adjusted its fourth‑quarter outlook to reflect tariff impacts and higher costs, including approximately $90 million in tariff‑related expenses that will put pressure on margins. Abercrombie also increased its planned capital expenditures, which contributed to investor concerns. Despite reporting strong holiday season sales and promising performance from flagship brands like Hollister, the tempered outlook overshadowed positive results. Investors reacted negatively, causing the stock’s steep decline as market sentiment shifted to caution regarding near‑term growth prospects. #AbercrombieFitch #StockMarket #RetailNews #BusinessUpdate #SlimScan #GrowthStocks #CANSLIM