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Abercrombie & Fitch's stock rose 25% following the retailer's better-than-expected first-quarter results, with net sales hitting $1.10 billion, surpassing estimates of $1.07 billion. Highlights include a 23% sales increase for its subsidiary Hollister, which has regained popularity among teens seeking retro styles. However, the company has lowered its annual profit forecast due to the impact of tariffs on imports.
Source: YAHOO