Abercrombie & Fitch Shares Soar as Sales Beat Expectations

Abercrombie & Fitch Shares Soar as Sales Beat Expectations

(Bloomberg) -- Abercrombie & Fitch Co. surged as much as 29 percent, the most intraday in six years, after sales at both its namesake and Hollister Co. brands beat Wall Street’s expectations heading into the critical holiday quarter.

  • The company’s total comparable-store sales rose 3 percent, beating analysts’ average estimate for a gain of 1.7 percent. It marks the fifth straight quarter of growth as its rebound appears to have staying power.

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