Shares of Abercrombie & Fitch plunge 15% after CEO warns of ‘increasingly uncertain environment’

Abercrombie & Fitch handily beat Wall Street’s expectations as the apparel company posted another quarter of torrid growth. Despite the strong results, CEO Fran Horowitz pointed to an “increasingly uncertain environment” as macro conditions worsen. The longtime mall retailer is seeing gains in its Hollister brand and international markets.
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