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Abercrombie & Fitch (ANF) Stock Plunges on Q2 Loss

NEW YORK (TheStreet) -- Shares of Abercrombie & Fitch (ANF) were tumbling 11.29% to $20.36 in pre-market trading on Tuesday after posting a bigger-than-expected loss for the 2016 second quarter.

Before today's market open, the New Albany, OH-based retailer reported an adjusted loss of 25 cents per share, wider than analysts' estimates of a loss of 20 cents a share.

Revenue declined 4% year-over-year to $783.2 million but topped analysts' projections of 782.7 million.

Same-store sales fell 4% as traffic remained a "significant headwind" at flagship and tourist locations, Executive Chairman Arthur...


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