Abercrombie & Fitch Co

A view of an American Eagle Outfitters store in Arlington, Virginia.Erin Scott | ReutersShares of American Eagle Outfitters dropped Wednesday in after-hours trading, as the company lowered its full-year outlook.The company cut its forecast, even as it matched Wall Street's quarterly earnings expectations and beat revenue expectations.The mall retailer said it now expects operating income to range between $250 million and $270 million, below the $270 million to $310 million range it had predicted in March. It said it…

Pedestrians pass in front of an Abercrombie & Fitch Co. store in San Francisco.David Paul Morris | Bloomberg | Getty ImagesShares of Abercrombie & Fitch soared more than 20% on Wednesday after the mall retailer beat estimates, raised its guidance and reported a surprise profit. Here's how Abercrombie did in its fiscal first quarter compared with what Wall Street was anticipating, based on a survey of analysts by Refinitiv:Earnings per share: 39 cents, adjusted, vs. a loss of 5 cents expectedRevenue: $836 million…

A Target department store in North Miami Beach, Florida, May 17, 2023.Joe Raedle | Getty ImagesMore grocery purchases, fewer ambitious do-it-yourself projects and last-minute splurges at the store.This week, some of the biggest retailers in the country reported earnings and described how their customers are shopping. As Home Depot, Target and Walmart reported their quarterly sales and shared full-year outlooks, the companies offered up the latest clues about the health of the American consumer and previewed what could be…

A sign hangs above the entrance of a Foot Locker store on August 02, 2021 in Chicago, Illinois.Scott Olson | Getty ImagesFoot Locker's stock plummeted nearly 28% Friday after a worse than expected consumer slowdown led to a double-digit sales drop, prompting the company to slash its outlook just two months after introducing it. Following a string of better than expected earnings from major retailers like Target, TJ Maxx and Walmart this week, Foot Locker's poor report could signal trouble ahead for other names in the…

The holiday shopping season got off to a solid start over the weekend, as Black Friday's online sales beat expectations and started to build some much-needed momentum for the retail sector. According to Adobe's online sales tracker, consumers shelled out a record $9.12 billion shopping online on Black Friday. That's up 2.3% over last year and well above expectations of a 1% increase. But that's only one piece of the puzzle. In another early look report, traffic on Black Friday at brick-and-mortar retail stores rose about…

Check out the companies making headlines before the bell:Best Buy (BBY) – Best Buy rallied 7% in the premarket after its third-quarter results beat analyst estimates. The electronics retailer also registered a smaller-than-expected decline in comparable store sales. Discounts helped keep customer traffic flowing to its stores, and Best Buy also raised its full-year forecast.Dick's Sporting Goods (DKS) – The sporting goods retailer reported better-than-expected third-quarter profit and revenue and an unexpected increase in…

A clearance sale sign is seen at the Gap retail store on September 20, 2022 in Los Angeles, California.Allison Dinner | Getty ImagesAs some of the nation's largest retailers report quarterly earnings and revenue this week, Wall Street will pay close attention to another number, too — inventory levels.Walmart, Target, Gap, Kohl's and others are trying to sell through a glut of extra merchandise piling up in store backrooms and warehouses.related investing newsHere are Wall Street analysts’ favorite retail stocks as giants…

A striking dockworker on a picket line outside the Port of Liverpool during a strike in Liverpool, UK, on Tuesday, Sept. 20, 2022. Dockers at Britains fourth-biggest container port voted unanimously to reject their employers latest pay offer -- and walk off the job for two weeks in a strike that gets into full swing on Tuesday. Photographer: Anthony Devlin/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesLogistics experts are warning another strike set at the Port of Liverpool for Tuesday will only add to the…

Check out the companies making headlines before the bell:Dollar Tree (DLTR) – The discount retailer's stock slid 6.6% in the premarket after cutting its full-year earnings forecast, due to the impact of pricing-related investments at its Family Dollar stores. Dollar Tree reported better than expected profit for its latest quarter, with revenue in line with Wall Street estimates. Peloton (PTON) – Peloton tumbled 17.5% in premarket trading after reporting a larger than expected loss and revenue that fell well short of…

Anti-abortion activists demonstrate outside the Supreme Court of the United States in Washington, June 13, 2022.Evelyn Hockstein | ReutersThe Republican Attorneys General Association is hosting a private retreat for its corporate donors at a luxury resort in Florida this weekend — on the heels of the GOP's long-sought win in getting Roe v. Wade overturned by the Supreme Court.Nearly 20 corporations and trade groups are said to have RSVP'd to attend the three-day retreat, including lobbyists and executives from CNBC's…