Abercrombie & Fitch, a clothing store, had some bad news! Their sales weren't as good as expected, and they think sales might even go down. This is happening because people are spending less money due to high prices for things.
- Sales were lower than predicted.
- Higher shipping costs and more sales are hurting profits.
- There's worry about new tariffs (taxes on imported goods).
- Abercrombie is buying back some of its own stock.
| Fact | Number |
|---|---|
| Expected Sales Growth | 3-5% (lower than hoped for) |
| Hollister Brand Sales Growth (Holiday) | 16% |
| Stock Buyback | $1.3 Billion |
| Impact from Tariffs | $5 Million |
