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Abercrombie and Fitch delivered record second quarter sales of 1.27 billion dollars, surpassing Wall Street expectations alongside quarterly earnings of 4.17 dollars per share. Strong performance prompted the apparel retailer to raise its full-year earnings guidance to 13.60 dollars per share, backed by healthy 61 percent gross margins and an expanded 500 million dollar share repurchase authorization. However, valuation concerns remain a sticking point for investors as algorithmic ratings flag the stock as a hold despite significant price momentum.
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