While Nvidia continued to drive the Nasdaq higher, the Dow undercut support. Hot IPO Cava fell late on earnings.
Abercrombie earnings crushed views early Wednesday, with Abercrombie & Fitch rising. Rival America Eagle reports after the close.
Net sales of $1.0 billion, up 22% from last year with comparable sales growth of +21%, resulting in the highest first quarter net sales in company historyBroad-based net sales growth across regions and brands; with Abercrombie brands growth of +31%First quarter operating margin of 12.7%, up 860 basis points from last yearIncreases full year outlook to net sales growth of around 10%, and operating margin of around 14% NEW ALBANY, Ohio, May 29, 2024 (GLOBE NEWSWIRE) -- Abercrombie & Fitch Co. (NYS