Abercrombie & Fitch surges on third-quarter beat, 'cautiously optimistic' outlook

Best Buy, Abercrombie, Urban Outfitters rise premarket; Dollar Tree, Zoom fall

November 22, 2022 8:21 AM EST

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Tuesday, November 22nd. Please refresh for updates.

Best Buy (NYSE: BBY) stock soared 7.3% after the retailer forecast a smaller-than-expected drop... More

Abercrombie sees better holiday-quarter sales, posts surprise profit

November 22, 2022 7:48 AM EST

By Ananya Mariam Rajesh

(Reuters) -Abercrombie & Fitch Co said on Tuesday it was "cautiously optimistic" about the holiday season and forecast a smaller-than-expected drop in current-quarter sales after resilient demand led to a surprise quarterly profit.

The Ohio-based apparel retailer's shares that have lost nearly half of their value this year were up about 19% after the company also reported third-quarter sales above Wall Street estimates, defying inflation's impact on non-essential spending.

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Abercrombie & Fitch Co. (ANF) Announces Board Of Directors Leadership Transition

November 22, 2022 7:40 AM EST

Abercrombie & Fitch Co. (NYSE: ANF), a leading, global omni-channel specialty retailer of apparel and accessories, today announced a change in its Board of Directors as part of a leadership transition. After five years in the position and in connection with his plans to retire as a Director, Terry Burman will step down as Chairperson of the Board at the conclusion of the companys fiscal year ending on January 28, 2023, and will not stand for re-election at the Companys 2023 Annual Meeting of Stockholders. Nigel Travis, current Director and Chair of the Nominating and Board... More

Abercrombie & Fitch (ANF) Tops Q3 EPS by 14c

November 22, 2022 7:32 AM EST

Abercrombie & Fitch (NYSE: ANF) reported Q3 EPS of $0.01, $0.14 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $880 million versus the consensus estimate of $829.59... More