1200 ET - Recent channel checks across Abercrombie & Fitch's namesake brand indicate ongoing softness and higher year-over-year promotions, Raymond James analysts say in a research note. Checks across the company's Holister brand, on the other hand, point to continued strength. The analysts model Abercrombie's 3Q same-store sales below Wall Street's expectations. Holister is projected to top comparable sales estimates, the analysts say, though they note that tougher comps in 4Q will likely result in slower growth moving forward. Raymond James maintains its outperform rating, but given lower estimates and ongoing headwinds, cuts its price target to $90 from $105. The company is scheudled to report 3Q results before Tuesday's opening bell. Shares fall 5.9%. (connor.hart@wsj.com)

(END) Dow Jones Newswires

November 24, 2025 12:00 ET (17:00 GMT)

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