Abercrombie & Fitch Co. reported net sales of $1.2 billion, which matched analysts' estimates but fell short of Wall Street's expectations for stronger growth.
This figure represents a record for the fashion retailer on the Bloomberg Terminal, but it indicates a slowdown after seven consecutive quarters of year-over-year revenue increases.
Investors had expected a more robust performance due to concerns about the company's growth trajectory. The results suggest that while Abercrombie & Fitch is still expanding, the pace may not meet market expectations.