Shares of Abercrombie & Fitch (ANF) are tumbling despite topping its second quarter earnings estimates and raising its outlook. CFRA analyst Zachary Warring ...
) are tumbling despite topping its second quarter earnings estimates and raising its outlook. CFRA analyst Zachary Warring joins Morning Brief to discuss Abercrombie's results and how other retailers are faring in a tight consumer environment.
Um They're marketing well through, you know, digital marketing, um and grassroots kind of marketing campaigns through tiktok and some uh you know, Instagram reels. Um, you know, its largest distributor, Nike has seen, you know, kind of a slowdown over the last, you know, 6 to 12 months, you know, and we just think, you know, they're closing a lot of stores, they announced, you know, closures in Europe and Asia.And so, you know, we think there's at least a few more quarters of, of underperformance here for, for Foot Locker at least uh over the next six months.
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