Sandra Leggero has a background in financial markets, having spent more than 9 years in commodities trading for several European and Asian companies. She holds a degree in Economics from the University of Pavia and specializes in emerging markets.
, | Updated:
Key Moments
Abercrombie & Fitch reduced its full-year net sales growth outlook to at least 6%
The prior forecast had called for net sales growth between 6% and 7%
The guidance revision coincided with a 16% drop in the stock in premarket trading
Forecast Revision Pressures Share Price
Abercrombie & Fitch (A&F) saw its stock decline sharply in premarket trading after the retailer revised its expectations for the current year’s performance. On Monday, the company lowered its annual net sales growth forecast, triggering a 16% drop in its shares before the market open.
The company now anticipates full-year net sales growth of at least 6%. This compares with its earlier projection, which had called for an increase in net sales in the range of 6% to 7%.
Metric
Previous Outlook
Revised Outlook
Full-year net sales growth
Between 6% and 7%
At least 6%
Share price reaction (premarket)
Not specified
-16%
TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.
Related News
Singapore CPI inflation lowest since March 2021 Annual consumer inflation in Singapore has eased to 2% in September from 2.2% in August, data by Statistics Singapore showed.It has been the lowest inflation level since March 2021.The actual figure compares with market consensus of […]
Bitcoin Falls as Geopolitical Tensions Spur Risk-Off Mood Key Moments
Bitcoin declined 0.7% to $68,652.0 by 01:34 ET (05:34 GMT), extending weekend losses amid intensifying Iran-related tensions.
Despite recent volatility, Bitcoin was up about 6% over the past month, while spot gold […]
TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover 
