Why Is Everyone Talking About Abercrombie & Fitch Stock?
Abercrombie & Fitch (NYSE: ANF) recently attracted a lot of attention with an ugly second-quarter report. The apparel retailer's revenue declined 7% year over year to $805 million and missed analysts' expectations by $38 million. It posted an adjusted net loss of $15 million, compared to an adjusted net profit of $109 million a year ago, as its adjusted net loss of $0.30 per share broadly missed the consensus forecast by $0.53.
That earnings miss was disappointing, but a deeper dive reveals several other strong red flags for its future. Let's see if A&F can overcome those challenges and turn around its struggling business.
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Source Fool.com
