Investors Punish Abercrombie for a Bad Quarter

By Erin Kennedy – Aug 22, 2013 at 4:45PM

NYSE: ANF

Abercrombie & Fitch

Market Cap

$7B

Today's Change

(2.90%) $3.73

Current Price

$132.33

Price as of May 9, 2024, 4:00 p.m. ET

Shares dropped as much as 21% after the teen retailer reported second-quarter results.

The following video is from Thursday's Investor Beat, in which host Erin Kennedy along with Motley Fool analysts Jason Moser and David Hanson investigate the hardest-hitting investing stories of the day.

Abercrombie & Fitch (ANF 2.90%) shares were absolutely pummeled today after the company reported second-quarter earnings this morning. In the earnings release, CEO Mike Jeffries said, "The second quarter was more difficult than expected due to weaker traffic and continued softness in the female business, consistent with what others have reported." In today's lead story on Investor Beat, Jason and David examine A&F's poor quarter, and whether this sector is mostly a wash -- or if there could be some diamonds in the rough.

David Hanson has no position in any stocks mentioned. Erin Kennedy has no position in any stocks mentioned. Jason Moser has no position in any stocks mentioned. The Motley Fool recommends Urban Outfitters. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.