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Abercrombie & Fitch (ANF) shares tumbled more than 9% during Wednesday's trading session after the company issued a weak sales outlook, citing tariff impacts and consumer demand.
Telsey Advisory Group CEO and chief research officer Dana Telsey joins Market Domination with Co-Hosts Julie Hyman and Josh Lipton to discuss the results.
Telsey explains the "focal point" of the report was the company's operating margin guidance of 8% to 9% for its first quarter, compared to its annual guidance of 14% to 15%. She notes that this signals "acceleration is expected as we go through the year."
The analyst underlines that the second quarter is often weak for retailers: "Retail is always a back-end weighted industry [and] it's more so than ever this year than we've seen in the past." She adds that Abercrombie's earnings-fueled sell-off may be an opportunity to buy the dip.
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This post was written by Naomi Buchanan.