ANF Stock: 6 Reasons Why Abercrombie & Fitch Shares Are Sinking Lower Today

Abercrombie & Fitch (NYSE:ANF) stock is falling on Thursday following the release of the company’s earnings report for the second quarter of 2021.

Abercrombie & Fitch (ANF Stock) location with doors open

Source: Jonathan Weiss /

Let’s dive into that earnings report below and see what has holders of ANF stock unhappy today.

  • The big blow to ANF stock today comes from the company’s revenue of $865 million for Q2.
  • That’s below Wall Street’s estimate of $869.32 million for the period.
  • The 24% climb from $698 million from the same period of the previous year wasn’t enough to satisfy traders.
  • Not even strong adjusted earnings per share of $1.70 were able to save ANF stock today.
  • That came in well above analysts’ estimates of 72 cents per share.
  • It was also a massive jump from the 27 cents per share reported in Q2 2020.

Fran Horowitz, CEO of Abercrombie & Fitch, said the following in the earnings report.

“Looking ahead, we will remain on offense and are confident that the proactive steps we have taken to evolve our operating model and cost structure, combined with evolved brand positioning, should continue to yield near and long-term benefits.”

ANF stock is seeing heavy trading on Thursday alongside its earnings report. As a result, some 7.5 million shares of the stock have changed hands as of Thursday afternoon. That’s a major increase compared to its daily average trading volume of about 1.8 million shares.

ANF stock was down 11.7% as of Thursday afternoon but is still up 71.2% since the start of the year.

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On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines.

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