Abercrombie & Fitch stock: what comes next after the 18% plunge on outlook update
Abercrombie & Fitch shares steadied in premarket Tuesday after plunging 17.7% to $102.78 on Monday. The company cut its full-year sales growth and margin forecasts, citing $90 million in tariff costs, and raised capital spending to $245 million. Investors await further commentary from management at the ICR Conference.