Pivotal Point Tracking Abercrombie & Fitch (ANF): Clothing Specialist Raises Forecasts After Successful Brand Turnaround

Abercrombie & Fitch is a leading global clothing retailer with brands such as Abercrombie & Fitch and Hollister. On August 26, the company significantly exceeded expectations in the second quarter. Revenue rose by 5% to a record value of $1.27 billion. The adjusted earnings per share came in at $4.17, far above analysts' forecasts of around $1.98. Furthermore, management raised the annual targets. Operating profit is now expected to reach a margin of 14.5 to 15%, and the annual earnings are estimated to rise to $13.10 to $13.60 per share....