Abercrombie Climbs, Dick's Falls, Bath & Body Works Gains
On this episode of Stock Movers:
- Abercrombie & Fitch (ANF) shares are up 5.7% in premarket trading after the apparel retailer reported first-quarter adjusted earnings per share that beat and maintained its outlook for the year. The shares are down about 41% this year as of Tuesday’s close, with Citi noting sentiment was negative heading into the print.
-Dick’s Sporting Goods (DKS) shares are down 3.7% after the retailer’s mixed first quarter earnings report. Gross margin trailed expectations, but comparable sales at both Dick’s and Foot Locker segments beat expectations, according to analysts. Foot Locker profitability was also better than expected.
-Bath & Body Works (BBWI) shares climb 12% premarket after the soap and candle retailer’s first-quarter results came in ahead of consensus estimates, plus second-quarter guidance also matched Street estimates, and full-year guidance was maintained. BBWI also said CFO Eva Boratto will step down from her role effective June 12.
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