What happened Abercrombie & Fitch (NYSE: ANF) shareholders trounced the market on Wednesday as shares jumped 16% by 3 p.m. Management reduced its sales and profit margin outlook for the rest of 2022, citing inflation, supply chain challenges, and soaring transportation costs . It's hard to justify such a stock price slump considering that the retailer is on track for another annual sales record and is projecting just a short-term earnings impact from rising costs.