This Teen Retailer Stock is Popping Over 11%
Teens are very fickle. So are most teen retailers.
However, one teen retailer has been a consistent bellwether AND just announced awesome guidance for the year: Abercrombie & Fitch Co. (NYSE:ANF).
Abercrombie said EPS will come in at $4.75 for current fiscal year — a whopping 19.6% higher than Wall Street expectations for $3.97. The news is sending the stock up 11.5% to new highs not seen since before the economic crisis in 2008.
Although teen retailers tend to take market share from one another as the styles and seasons change, these companies are all up nicely on the Abercrombie outlook: American Eagle Outfitters (NYSE:AEO), Urban Outfitters, Inc. (NASDAQ:URBN), Aeropostale, Inc. (NYSE:ARO), The Gap Inc. (NYSE:GPS), The Wet Seal, Inc. (NASDAQ:WTSLA), and Zumiez Inc. (NASDAQ:ZUMZ).