The Latest Breaking News from Fran Horowitz

Abercrombie Fitch Co. (NYSE:ANF) reported its second-quarter financial results ahead of Wednesday’s opening bell.

Abercrombie Fitch Company (NYSE:ANF) shares were trading lower in the premarket on Wednesday.

Over the past year, Abercrombie & Fitch has become one of the U.S. stock market’s strongest performers - up 347% - with its stock nearly doubling Nvidia's gain. Its management has turned around this once high-flying retailer. So much so that, while its competitors suffer, it is posting strong double-digit…

The retailer once known for toned models and low-rise jeans just notched $1 billion in sales—its best first quarter in the history of the company.

"You can do a lot more with a lot less and I think it took a year like that and a really strong lesson to understand how you can manage your business very differently."

Today is Black Friday, the unofficial start to the holiday shopping season. Americans are expected to spend $966 billion, $30 billion more than a year ago. As a result, two of the country’s most popular retailers are exhibiting unusual options activity on the final day of the week.

The biggest luxury fashion M&A deal in decades, Tapestry's purchase of Capri Holdings, means new challenges for CEO Joanne Crevoiserat.

According to Barchart’s Top 100 Stocks to Buy, Abercrombie and Fitch is in the 11th spot. Only Miniso is ahead of it. Up 127% year-to-date and 258% over the past year, there’s an argument to be made that the teen retailer is ready for a significant fall.

Abercrombie & Fitch Co (NYSE:ANF) reported first-quarter FY22 sales growth of 4% year-on-year to $813 million, beating the consensus of $799.31 million. Net sales from the Hollister brand decreased 3% Y/Y, and Abercrombie rose 13%. Sales in the U.S. climbed 6% Y/Y, and EMEA rose 3%. APAC sales fell 35% impacted by COVID…