Abercrombie Fitch's (NYSE: ANF) stock surged 31% on May 24, following its latest earnings report. For the first quarter of fiscal 2023, which ended on April 29, the apparel retailer's revenue rose 3% year over year to $836 million and exceeded analysts' estimates by $21 million.

Its adjusted earnings of $0.39 per share also topped expectations by $0.37 and marked a major improvement from its net loss of $0.27 a year ago. Those numbers were impressive, but should investors buy, sell, or hold Abercrombie's (A's) stock right now?

Image source: Getty Images.

Continue reading

Source Fool.com