Abercrombie & Fitch (ANF) shares have dropped over 20% in the past few days, partly due to lower-than-expected Q1 and fiscal 2025 guidance.

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 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.