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Consumer companies experienced a sharp decline as signs of potential inflationary levels emerged. Abercrombie & Fitch saw a rise in shares due to its strong performance. Winnebago Industries reported earnings that fell short of expectations, leading to a sharp decline in shares. General Mills slashed sales guidance, indicating a potential retreat in food inflation.
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How might the decline in Winnebago Industries' shares impact the company's future?
What factors contributed to the signs of potential inflationary levels?
What strategies did Abercrombie & Fitch employ to see a rise in shares?
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