(https://www.cnbc.com/2026/05/27/abercrombie-fitch-anf-earnings-q1-2026.html) because Middle East/Europe sales cratered 10%—and the market extrapolated that into "US discretionary is done." But here's what's getting missed: Costco and TGT don't have the same geographic concentration risk. And both are sitting on margins that refuse to compress the way input-cost bears predicted post-AZO.

Research these companies