Reported about 1 month ago
Abercrombie & Fitch's stock continues to fall despite exceeding second quarter earnings expectations and upgrading its forecast. Analyst Zachary Warring considers Abercrombie the 'best-performing' US apparel brand thanks to its effective social media marketing and a clean balance sheet with no debt, allowing potential for share buybacks. However, he warns investors of possible slowing growth in the coming years, contrasting Abercrombie's success with the struggles of competitor Foot Locker.
Source: YAHOO