NYSE:ANFSpecialty Retail
Abercrombie & Fitch (ANF) Completes US$202 Million Share Buyback
Abercrombie & Fitch (ANF) recently completed a significant share buyback, repurchasing around 5% of shares for $202 million, coinciding with a quarterly share price increase of nearly 41%. This price movement aligns with a broader market upswing, as major indexes reached record highs with the Nasdaq advancing nearly 4%. While Abercrombie & Fitch's earnings showed increased sales, net income declined, and the company's guidance for the year was revised downward. These mixed signals likely...