Abercrombie & Fitch dives after its warning











Photo credit © Reuters


(Boursier.com) — Abercrombie & Fitch unscrews before the stock market on Wall Street, while the group deplored a loss for its first quarter and delivers very cautious guidance. For the quarter ended, the American clothing retailer announced a net loss of $16.5 million and 32 cents per share, against a profit of $41.8 million a year earlier. The adjusted loss per share was 27 cents, much heavier than expected. Sales totaled $813 million, up from $781 million a year earlier. The annual guidance has also been lowered.


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