Abercrombie has not guided down because of the huge institutional holdings of this stock. A guide down .....which by way is totally appropriate for this retailer.....will not come because the funds and institutions that cant dump this dead stock do not allow that to happen. Stocks like Abercrombie that are controlled by funds and institutions are in big trouble because they find it difficult to make up a profit when everyone sees that the stores are empty and the sales will come up short. ANF is going down and it is long overdue. This company started to loose favor and teen customers at the beginning of the year and the problems will just get worse as kids move away from this tainted brand.
Last I followed on this, they pulled all guidance for the rest or the year during the last earnings debacle. The event of note this week is that the expected "large institutional investor" that pumped the price up five weeks before earnings with large options buys has changed. According to the options monster article, they sold Nov. 31 puts instead of buying the 40 calls I was expecting.