Telsey Advisory analyst Dana Telsey reiterated an Outperform rating on the shares of Abercrombie & Fitch Co (NYSE:ANF) but lowered the price target from $190.00 to $125.00, citing greater macro uncertainty.

Abercrombie & Fitch joined other U.S. retailers in forecasting weak annual sales growth and warned of softer demand heading into spring for its namesake brand, sending its shares down 14% on Wednesday.

(Reuters) -Abercrombie & Fitch on Wednesday forecast annual sales growth below estimates as consumer spending on pricier apparel remains weak, taking its shares down about 8% in premarket trading. Consumer spending has been weak through February due to sticky inflation and uncertainty around the impact of U.S. President Donald Trump's tariffs.

Abercrombie & Fitch has seen blockbuster growth over the last two years but it's expecting that pace to moderate more than Wall Street expected in the year ahead. The company is forecasting fiscal 2025 sales to rise between 3% and 5%,

Abercrombie & Fitch on Wednesday forecast annual sales growth below estimates as consumer spending on pricier apparel remains weak. The company expects annual net sales to grow in the range of 3% to 5%,

KEY TAKEAWAYS Abercrombie & Fitch shares sank Wednesday after the apparel retailer's current-quarter profit and full-year sales forecasts disappointed investors.The company sees first-quarter earnings per share between $1.