Abercrombie & Fitch, after two years of explosive growth, is now forecasting a significant slowdown. The company expects its sales to rise by just 3% to 5% in fiscal 2025, well below Wall Street’s estimate of 6.8%. For the current quarter, earnings per share are projected to be between $1.25 and $1.45, missing expectations of $1.97. Despite this, Abercrombie slightly outperformed in its fiscal fourth quarter, reporting a net income of $187 million, or $3.57 per share, up from $158 million, or $2.97 per share, the previous year. Sales also increased by 9% to $1.58 billion. However, the stock fell nearly 5% in premarket trading following the announcement. The company is now focusing on boosting profits rather than sales, aiming to drive long-term shareholder value.
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