Abercrombie and Fitch Stock Price: 28.78% Return

Abercrombie and Fitch Stock Price

Abercrombie & Fitch Co. (A&F) is a retailer that operates stores and direct-to-consumer operations, it was given a strongly bullish three day rating by the I Know First stock-trading algorithm, on November 20th, 2015. Amazingly, by November 24th, the stock had risen by an astounding 28.78%!

Abercrombie and Fitch Stock Price

There are five reason why ANF had this drastic rise. First they started to stock stores with clothes that people like. Second, there appeal abroad is growing. The third one is that the remodeled there stores.Staff has greater autonomy and for last Abercrombie&Fitch has expanded their offers for children.

They reported third quarter earnings that blew past analyst estimates, even among those that were expecting the teen retailer to post strong numbers.

While total sales were down 4% from last year, it was the impact of currency fluctuations that caused them to fall, and without that headwind revenues were flat. More importantly, its profits more than doubled year over year to $41.9 million, or $0.60 per share as it hit the brakes on being overly promotional. And as if that wasn’t enough good news for investors, its Hollister brand recorded its first quarter of same store sales growth in almost four years.

The Company operates through three business segments: U.S. Stores, International Stores and Direct-to-Consumer. The U.S. Stores segment includes store operations in the United States and Puerto Rico. The International Stores segment includes store operations in Canada, Europe, Asia, Australia and the Middle East.