Minutes ago: AEO, ANF, & LULU all just raised guidance ANF, Lulu, and AEO all raised their fiscal fourth-quarter outlooks Monday, saying they drew customers looking for holiday gifts and items for themselves in November and December.
Yet Wall Street greeted the news with varying levels of enthusiasm Monday morning. Shares of Abercrombie and Amercian Eagle shot up about 7%. And Lululemon sank by more than 1%, after investors weighed the slight forecast tweak with concerns that the athletic apparel retailer may face tougher competition in the months ahead.