Why Abercrombie & Fitch Stock Exploded Higher Today
Shares of Abercrombie & Fitch (NYSE: ANF) were looking dapper today as the preppy clothier jumped on a strong earnings report. Same-store sales rose 4% in the quarter, leading to significantly better results than expected. As of 12:58 p.m. EST, the stock was up 25.1%.
Image source: Abercrombie & Fitch.
Overall revenue was up 5% to $859.1 million, which was much better than expectations of $820 million. Performance at Hollister was impressive once again, with comparable sales up 8%, while comps dipped 2% at namesake Abercrombie & Fitch stores. Domestic results were also solid, with same-store sales up 6% compared to flat growth abroad.
Source: Fool.com
Abercrombie + Fitch A Stock
€166.20
2.010%
Abercrombie + Fitch A is currently one of the favorites of our community with 16 Buy predictions and no Sell predictions.
With a target price of 180 € there is a slightly positive potential of 8.3% for Abercrombie + Fitch A compared to the current price of 166.2 €.
