Shares of Abercrombie & Fitch (NYSE: ANF) plunged 28.7% on Tuesday after the apparel retailer reported an unexpected quarterly loss and slashed its full-year sales forecast. Abercrombie's revenue rose 4% year over year to $813 million in its fiscal first quarter, which ended on April 30. A 13% rise in the company's namesake brand sales, to $383.9 million, was partially offset by a 3% decline in its Hollister brand sales, to $428.8 million.
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